How will you ensure a renewable energy project? What risks must be covered and the insurance to be evaluated? No wonder the insurance market is still finding its way into an industry that is characterized by new technologies and new business models. For example, Standard business interruption policies may provide coverage for loss of income due to a fire, and floods etc., but what happens when the loss is due to a technical failure or adverse weather conditions that are not really cause any damage.
Well, as reported insidermedia.com, new business initiatives to come. Solar and wind energy projects, policies are now available that provide protection against changes in income from the fundamental change over time. And also available at the special solar panel provides insurance coverage for any income "slowdown" thanks to that performance.
Time will tell how the market evolves. But it seems certain that insurers do not want to miss opportunities for innovation that offers what appears to be an irresistible movement toward a low carbon economy.
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