Presentation Solar Insurance and Finance | Solarif
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Transcript of Presentation Solar Insurance and Finance | Solarif
• International operating Insurance broker
• Complete focus on solar PV
• Risk awareness and solutions:• Project development phase• Construction phase• Operational phase
Worldwide cradle to cradle PV Insurances
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
• 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 offices in Belgium, Netherlands, Germany,
India, China, Italy, Bulgaria, Ukraine, UK,• All Insurance companies are A+ rated
Worldwide cradle to cradle PV Insurances
Summary