Assurant Inc., a provider of specialty insurance, today has released a comprehensive insurance solution for commercial solar project developments. The product is designed specifically for the fast-growing 100-kilowatt to three-megawatt solar market, and should allow developers of commercial and industrial scale projects to address problematic risks that have traditionally made financing difficult.
Assurant says Solar Project Insurance provides the industry's first warranty administration and comprehensive protection plan for every phase of commercial-sized solar development projects. Assurant's solar coverage is tailored to offer an affordable alternative to current solar insurance products geared toward insuring larger-scale projects at a frequently cost-prohibitive price point.
The product bundle incorporates property and liability insurance with warranty management, according to Assurant, providing a single point of contact for commercial-sized photovoltaic projects or portfolios of projects that each generate between 100 kilowatts and three megawatts.
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