LONDON--(BUSINESS WIRE)--
ACE Group today launched ACE Renewable Energy Environmental Protection,
the first dedicated environmental policy for companies in the renewable
energy industry in the UK and Ireland, as ACE continues to invest in its
environmental risk capabilities.
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Emma Bartolo, UK & Ireland Environmental Risk Manager, ACE (Photo: Business Wire)
ACE Renewable Energy Environmental Protection covers the full spectrum
of environmental risks faced by renewable energy companies, providing
seamless coverage, from the start of construction of renewable energy
plants through to their operation. It is available to energy producers
in every renewable sector, namely solar, onshore and offshore wind,
tidal, hydro, waste-to-energy, biofuel and landfill gas extraction. Key
coverage features include:
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New and historical pollution risks
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First party business interruption cover upon completion and operation
of the facility
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Automatic coverage for on-going maintenance post construction
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Biodiversity damage up to the full policy limit as standard
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Ability to accommodate lenders’ clauses, subject to internal legal
review
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Ability to provide either owner or contractor controlled programmes
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First party replacement costs to include “green” improvements
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Transportation liability as standard for materials transported during
construction
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Pollution condition definition to specifically include odour
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Loss mitigation and crisis management costs
In addition to these market-leading product features, the cover is
supported by a team of highly qualified environmental scientists and
engineers, backed up with crisis management support for all risks,
ensuring that companies are best equipped to respond when they suffer a
loss and minimize its impact on their business.
Emma Bartolo, Environmental Risk Manager, in the UK and Ireland for ACE,
said:
“While renewable energy and environmental risks have been in the news
for many years now, still many brokers and their clients in the sector
are still unaware of the environmental risk exposures that they face and
with increasing regulation and third party costs, they could potentially
face expensive and damaging claims.
What they will get with ACE Renewable Energy Environmental Protection is
the peace of mind that they have comprehensive, market-leading cover and
benefit from the experience of our specialist underwriting and claims
teams.”
ENDS
About ACE Group
ACE Group is one of the world’s largest multiline property and casualty
insurers. With operations in 54 countries, ACE provides commercial and
personal property and casualty insurance, personal accident and
supplemental health insurance, reinsurance and life insurance to a
diverse group of clients. ACE Limited, the parent company of the ACE
Group, is listed on the New York Stock Exchange (NYSE: ACE) and is a
component of the S&P 500 index.
ACE UK & Ireland’s five regions are:
· Ireland (Dublin and Belfast) · Scotland (Glasgow, Aberdeen) · The
North (Leeds, Manchester, Newcastle) · Midlands (Birmingham) · London
and South East (London, Maidstone, Reading)
Additional information can be found at: www.acegroup.com/uk
ACE European Group Limited registered in England &Wales number 1112892
with registered office at 100 Leadenhall Street, London EC3A 3BP,
authorised by the Prudential Regulation Authority and regulated by the
Financial Conduct Authority and the Prudential Regulation Authority.
View source version on businesswire.com: http://www.businesswire.com/news/home/20151218005033/en/
Source: ACE Group