Green companies are set to benefit from the launch of the first insurance company dedicated to the recycling and renewable energy sector.
Nviro Insurance was officially launched in June by Paul Davies, who is putting 25 years’ experience in insurance to good use in ensuring all environment-related businesses are fully protected by a range of covers – many of which are unique to the sector.
He made the move after recognising the unique insurance requirements of green companies were not properly served by the
He said: “Many of the
“There are particular circumstances which are unique to this industry, which means companies in the sector need to ensure they deal with a broker with the knowledge and experience.
“Otherwise they may not be properly insured when they make a claim, or a claim is made against them.”
The firm’s expertise has already been called into action for owners of an offshore wind farm, which had to cross several parcels of unregistered land with their pipelines to connect to the National Grid.
As no-one was registered as the owner of parts of the land being crossed, this could have lead to major problems should an owner come forward after the work had taken place.
Paul Davies said: “We organised a policy which provided cover of up to £25m should anyone claim ownership of the land and prevent access, or require cabling to be re-routed.
“It protects them against the re-routing costs, and loss of profits during any downtime.”
Nviro Insurance specialises in helping companies and professional advisors in the bio energy, hydro power, solar pv, wind farms, and recycling and environment sectors.
They provide a range of services, from claims and risk management to business continuity planning and expert witness reports.
Further information is available at www.nviroinsurance.co.uk
Media enquiries should be directed to Paul Davies on 01782 712224 or paul@nviroinsurance.co.uk.
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