New Energy Insurance

If you are starting to see more new energy companies springing up all over the U.K there is of course a very good reason. With windmills, solar panels, and wave energy ideas all headlining where we will be reducing costs, conserving energy and offering a cleaner environment in the future.

These new ideas bring with them the need to cover these new systems with a variation of different insurances, such as professional indemnity insurance where advice is being offered, public liability for the installation of the systems and product liability insurance where new products are being introduced into the market.

There are of course other areas of insurance that a company may need such as intellectual property insurance and Director & Officer insurance particularly if the new product in the new energy area is where venture capital has been offered.  Renewable energy is pretty much the ‘buzz words’ both from government and houses holders at the moment, so new businesses in this area are growing as is the demand, this therefore means the requirements for insurance covers is growing as well.