Solar Installations Insurance
Our professional expertise includes the placing and maintaining of insurance for solar power installations, whether being built or in operation.
The type of insurance required within this industry typically includes equipment and plant in transit, construction and erection, testing and commissioning and comprehensive All Risks policies for the generating plants, once built.
Nsure can also arrange cover for the reduction in expected annual yield due to an installation’s under performance, without the need for proof of damage or defectiveness to trigger coverage. This will provide for revenue losses when production falls as a result of e.g. sustained inclement weather, temporary sky obstructions or volcanic ash clouds.
The policy can name the bank or financial backer as the loss payee for payment of claims.
Other aspects of insurance within our client recommendations will be cover for loss of revenue, following electrical or mechanical breakdown, or damage to the installation from disasters such as fire, lightning, explosion, storm or flood. Liability insurance for land options, employers and public, products and pollution liability will be included as required.
Our experience also includes knowledge of the essential insurance requirements within bank finance agreements, equipment supply contracts, balance of plant contracts and turn key contracts. Our service includes the due diligence assistance required to ensure that insurance cover meets the stipulations of parties involved in financing construction projects.
Nsure Renewable’s established position and experience with dedicated underwriters in both the Lloyd’s and insurance company market place enables us to secure a prompt competitive service whether it be for risks within the United Kingdom, Europe or elsewhere in the World.
Contact Dave: firstname.lastname@example.org or 01903 608124
We have found that NSURE understand our needs, and have provided for us a long-term sustainable insurance solution.
Mark Simon, Farm Power Apollo Ltd, Solar developer and operator.