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ECIC : renewable energy products launched

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Electrical Contractors’ Insurance Company Ltd (ECIC) has launched a new product specifically designed for the green energy industry, targeting those contractors who operate in the domestic and light commercial marketplace.

The new product features a comprehensive range of cover including:

– Employers’ Liability

– Public/Products Liability

– Professional Indemnity

– Contractors’ All Risks

– All Risks Property, Business Interruption, Money and Goods in Transit

The Renewable Energy product is suitable for contractors who specialise in the installation of renewable energies such as solar energy, hydro electricity, air source heat pumps and rainwater harvesting.

Richard Forrest-Smith, Chief Underwriting Officer and Deputy Managing Director at ECIC said: “With consumer -interest becoming “greener” and financial incentives for renewable energies such as solar panel installation, it is no wonder customers and contractors are looking at the new opportunities available in the renewable energy sector.

“Undertaking work such as solar panel installation now requires electrical contractors to have access to roofs. They need to have a real understanding of all the risks involved in carrying out this sort of work and ensure they have the right amount of cover for the work they will be carrying out.”

The product is available now and also features Efficacy cover, Financial Loss Feed-In Tariffs Extension, Interest free instalment plan and cover for Defective Products Supplied.