Naturesave Launches the UK’s First Small Scale Renewable Energy Systems Insurance Cover - Naturesave, which won the Queen’s Award for Industry earlier this year, will provide the radical new policy from early October, which will cover Renewable Energy Installations for schools, small businesses and community organisations - and guarantee green energy revenues.
The only cover of its kind in the UK, the Small Scale Renewable Energy scheme has been set up to ensure that organisations and businesses, who have installed green energy systems, have access to realistic and affordable cover for the equipment and guaranteed protection for the revenues they earn in the event of mechanical breakdown or material damage, as well as public liability.
There has been increasing commercial interest in installing renewable energy systems, following the introduction in April 2010 of Feed-in Tariffs (FITs) for renewable energy. Technology is becoming more efficient and affordable, and businesses, community organisations and schools are now seeing the benefits of renewable energy in terms of cost savings as well as reducing their environmental impact.
Matthew Criddle, Managing Director, comments, ‘Naturesave has been at the leading edge of ethical and environmental insurance for 18 years, as has been acknowledged by our recent Queens Award for Enterprise Award, the first insurance provider in the UK to win for Sustainable Development. This new product follows on from our launch earlier this year of the UK’s first Household Renewable Energy policy and is a natural next step. We are pleased to be able to include this additional cover and understand that it is the only product of its kind in the UK.’
Cover will be provided for organisations with those types of renewable energy installation (eligible for FITs) including wind turbines, solar photovoltaics and hydro systems. At this stage cover will be available on systems up to 750 kW, for either individual systems or as part of a group of project sites, which are individually less than 750 kW.
More information can be found on the website: http://www.naturesave.co.uk
Posted by LadyRoses on Tuesday, June 26, 2012