ACE Group recently launched ACE Renewable Energy Environmental Protection, the first dedicated environmental policy for companies in the renewable energy industry in the UK and Ireland, as ACE continues to invest in its environmental risk capabilities.
ACE Renewable Energy Environmental Protection covers the full spectrum of environmental risks faced by renewable energy companies, providing seamless coverage, from the start of construction of renewable energy plants through to their operation. It is available to energy producers in every renewable sector, namely solar, onshore and offshore wind, tidal, hydro, waste-to-energy, biofuel and landfill gas extraction. Key coverage features include:
New and historical pollution risks
First party business interruption cover upon completion and operation of the facility
Automatic coverage for on-going maintenance post construction
Biodiversity damage up to the full policy limit as standard
Ability to accommodate lenders’ clauses, subject to internal legal review
Ability to provide either owner or contractor controlled programmes
First party replacement costs to include “green” improvements
Transportation liability as standard for materials transported during construction
Pollution condition definition to specifically include odour
Loss mitigation and crisis management costs
In addition to these market-leading product features, the cover is supported by a team of highly qualified environmental scientists and engineers, backed up with crisis management support for all risks, ensuring that companies are best equipped to respond when they suffer a loss and minimize its impact on their business.
Emma Bartolo, Environmental Risk Manager, in the UK and Ireland for ACE, said:
“While renewable energy and environmental risks have been in the news for many years now, still many brokers and their clients in the sector are still unaware of the environmental risk exposures that they face and with increasing regulation and third party costs, they could potentially face expensive and damaging claims.
What they will get with ACE Renewable Energy Environmental Protection is the peace of mind that they have comprehensive, market-leading cover and benefit from the experience of our specialist underwriting and claims teams.”