Date post: | 15-Apr-2017 |
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Technology |
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• International operating Insurance broker
• Complete focus on solar PV
• Risk awareness and solutions:• Project development phase
• Construction phase
• Operational phase
Insurances from cradle to cradle without gaps for PV
About WIASS & Solar Insurance & Finance
• Project development risks• Political decision making
• Economical risks
• Legal risks• Breach of contracts
• Loss of contracts
• Obtain licenses
• Financial risks• Project expenses
• Economical risks
• Financial strength partners
Risks during project development phase
• Design and tender risks• Planning
• Unforeseen events
• Political decision making
• Construction and delivery risks• Mistakes in design
• Costs of additional work
• Planning mistakes
• Calamities
• Problems with suppliers
Risk during construction phase
• Political risks• Change of tax rules
• Close down work by local authorities
• Political decision making
• Decrease of subsidies
• Operational risks• Malfunction of the system
• Mistakes in technology
• Increased maintenance expenses
• Disappointing revenues
• Termination of contracts
Risk during operational phase
• Project development phase• Bank guarantee
• Background research partners
• Good contracts
• Directors and officers liability insurance
• Construction phase• Bank guarantee
• (Marine) transport insurance
• Construction all risk insurance
• Public and employee liability insurance
• Directors and officers liability insurance
Solutions during different phases 1
• Operational phase• Bank guarantee for service and maintenance
• Good contracts
• Directors and officers liability insurance
• All risk insurance (inclusive production losses)
• Cover against reduced yield
• Insured warranty (off factory)
Solutions during different phases 2
• Damage to third parties
• Physical damage to employees
• Who is liable?
•
Public and employee liability Insurance
?
Transport
• Insures transport from factory to customer
• Upgrade transporter conditions (FOB/CIF)
Construction All Risk
• Damage during the construction
• Liability for employees
• Damage to existing property
All risk Insurance
• Inherent defect modules and inverters
• External disasters(lightning, vandalism, theft, etc)
• Production loss
• Loss of earning
• Compensation maximum 30% of expected yearly earnings caused by:• Lack of sun
• Inherent defect
• Shortcoming of components
Cover against reduced yield
Fire caused by modules
Fire caused by inverters
• Maximum 25 years modules and inverters - can be covered in an extended product warranty insurance
• Acceptance after– Approved materials
– Approved certificates
Extended Product Warranty
• Specialists in solar insurances
• Our team has a wealth of expertise and experience in the field of insurance
• Tailor-made solutions
• Worldwide Insurance expertise
• Local presence
Insurances from cradle to grave without gaps for PV
Summary
For more information please contact:
René Moerman, Chief Strategy Officer Solarif
+31 6 20 62 26 76
Harald Brand, CEO WIASS
+49 93 55 97 45 11
Solar Insurance & Finance
For more information please contact:
René Moerman, Chief Strategy Officer Solarif
+31 6 20 62 26 76
Harald Brand, CEO WIASS
+49 93 55 97 45 11
Solar Insurance & Finance