Element

Overview

Green Energy Insurance

Green Energy is becoming more and more a part of our world. Stuckey Insurance recognizes this, thus we are offering insurance programs for this growing industry. We can offer comprehensive insurance solutions across the entire value chain for start-up, young but growing, and mature entities engaged in renewable energy. This includes solar, wind, geothermal, and biomass markets. Whether your company is in research and development; manufacturing; transit; construction; installation, or power generation we can tailor your insurance needs for the ever-growing Green Energy management Industry.

Electric power line construction
Hydronics heating contractor
Solar energy contractor
Electric power systems contractors
Energy management controls
Solar reflecting insulation film
Geothermal drilling
Gas leakage detection
Hydro
Cord and fabric for reinforcing fuel cells
Fuel cell forms
Fuels
Solar heaters and collectors
Wind and vacuum tunnels
Wire winding
Windmills
Hydrojet marine engine units
Power transformers
Generator sets
Electrochemical generators
Thermo-electric generators
Solar cells
Fuel cells, solid state
Thermoelectric devices
Coil windings
Thermal conductivity instruments

Electrical energy measuring equipment
Current measuring equipment
Demand meters
Electrical power measuring equipment
Field strength and intensity measuring equipment
Frequency meters
Instruments for measuring electrical quantities
Integrating electricity meters
Oscillators and oscilloscopes
Potentiometric instruments
Instruments measuring thermal properties
Wind direction indicators
Steam supply systems
Insulation, thermal
Heating equipment and panels
Coal
Synthetic Fuels
Armature rewinding shops
Electrical or electronic engineering
Energy conservation engineering
Energy research
Environmental research
Hydrostatic testing laboratory
Energy conservation consultant

Element Insurance Program General Liability Minimum Premiums as low as $250

General Liability

Occurrence limit options available from $300k to $2 million
Aggregate limit options available from $600k to $4 million
Optional coverage's
- Hired and Non owned auto liability
- WOS
- Blanket additional insured

Business Owner Policy Minimum Premiums as low as $500

General Liability and Property

TIV up to $50 million in house (No Florida property - limited appetite for other coastal locations)
Replacement Cost or ACV
Optional coverage's:
- Coverage enhancement packages
- Computers and Media up to $1 million
- Blanketed Building and BPP
- No coinsurance
- Deductible $250-25,000

Commercial Auto

Up to 25 power units (additional units with carrier approval)
Broad form coverage
Optional coverage's:
- Hired auto physical damage
- WOS
- Rental reimbursement
- Lease Gap Coverage
- Towing coverage

Inland Marine Minimum Premiums as low as $750

Builder's Risk
- New Construction up to $20 million in completed value
- Frame construction is now offered for projects up to $2.5 million

Contractors Equipment
- Contractor's Equipment schedules up to $4 million in values an dup to $500,000 per piece of equipment

Motor Truck Cargo
- Trucking companies with up to $7.5 million in gross annual receipts or up to 50 power units

Workers Compensation Minimum Premiums as low as $250

Workers Compensation

All States (excluding monopolistic states)
Optional coverage's:
- Extended Broad Form Endorsement
- Employers Liability Stop Gap
- WOS
- Monoline for majority of classes

Other Coverages

EPLI
D&O
Employee Dishonesty
- Green Energy Engineering Professional Liability

Employee Dishonesty- Manifest intent provision

Cause the insured to sustain a loss
D&O
Employee must benefit

There are several types of Employee Dishonesty bonds:

Is your client looking for 1st party, 3rd Party, and/or Theft of Clint Property off Premises?
1st party- automatically gets 3rd party only coverage while on the insured's premises only. No coverage is provided if the employees are away from the insured's location.
3rd Party only-coverage is provided while the employees are on the insured's premises only.
Theft of Client Property off Premises- provides 3rd party coverage while the insured's employees are on the clients premises. This also includes 1st party coverage.
Motor Truck Cargo
Ocean Cargo
Builder's Risk
Contractors Equipment
Umbrella 1 to 10 million
Foreign Liability

Green Energy Professional Liability

Three months after completion of a small 20 unit apartment building, multiple residents report insufficient heating regardless of thermostat setting. Building owner pays to have HVAC system checked and determines there is a design flaw in the air circulation system. Building owner sues HVAC engineer for $200K to have error corrected.

Structural Design

Structural designs as well as construction defects on an office building. Structural engineer puts blame on the construction company and the construction company blames the engineer. Plaintiff seeks $700K in damages but is settled out of court for $500K split between both the construction company and the engineer.

Civil Engineer

Civil Engineer is hired to design a major highway bridge over a river. Flood parameters were incorrectly interpreted. Project needed to be redesigned during construction producing additional costs. Plaintiff claimed $500K in damages.

Project Delay

Land Surveyor is hired to do a site layout for a new shopping center. The location of the piles was incorrect resulting in a significant project delay. Work previously completed needed to be redone due to error. Plaintiff sought damages upwards of $450K.

Landscape Design

Recently a landscaper was involved with a project where large trees were planted near a glass building to provide some shade. As time went on the trees grew, and so did their roots… so much in fact, that they cracked the foundation of the building causing structural damage, and a lawsuit. The damages sought exceeded the policy limits. Our insured thought of themselves as having 'no exposure' and carried a minimal policy just for the sake of adding validity to their company. Also, this particular project was done over 6 years ago, and the client was long out of their minds. And in the blink of an eye, they get tagged with a massive lawsuit that was about triple the policy limits they carried (not counting the defense costs).

Earthquake load

In California, construction on the foundation and lower floors of a mid-rise building had begun. The project was halted entirely when it was realized that the thickness of the floors and walls needed to be revised because they were insufficient for earthquake loading. Contractor, engineers, and various other construction personnel were targeted in the lawsuit. The situation was eventually settled - after more than 4 years!

An Insurance Program for the Green Energy Industry

Overview

Green Energy Insurance

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