09/03/2021
Is solar power insurance truly necessary?
No technology, however high-tech, is exempt from theft or damage, including solar energy. In South Africa theft is always a possibility alongside strong winds, flooding, lightning, hail, power surges and accidents. Damage may also occur in transit (marine or inland), during installation by the contractor/sub-contractor, or during the operational phase.
Should something happen to any items during transit, construction, or during the operational phase it can potentially set a project back considerably both in timeline and budget. Especially if replacement parts need to be shipped from overseas. Consort’s Comprehensive Energy Insurance (CEI)
The CEI is specially tailored to commercial and industrial installations and we offer cover to different tiers of CEI projects.
Consort has invested a huge amount of time and research into the development of a product that offers the “cradle to grave” concept. This means our CEI is a complete insurance solution with an all embracing policy. Our CEI thus protects and saves the client from having four or five individual policies that could potentially have gaps in the cover.
For more information about Consort’s CEI please contact your broker today. Brokers who would like to learn more about our CEI product can contact us here.
Author – George Jennings
