Crump Insurance Services' Tri-City Brokerage, part of Crump Group, has introduced a new insurance solution for wind energy power plants. This capability, offered through a partnership with PowerGuard, provides a new risk management option for these operations within the alternative energy sector. Crump/Tri-City Brokerage is the exclusive wholesale access point, providing multi-line coverage for wind power plant development, construction and operational risks. Offered through an A.M. Best A XV rated admitted carrier, coverage offered includes property, general liability, auto, umbrella, workers' compensation -- plus sub-limits for earthquake and flood (outside CA), business interruption, E&O, and pollution cleanup.
Through flexible forms and by covering serial losses through the "step down" method instead of traditional "coverage suspensions", Crump/Tri-City works with retailers and their clients to offer the most comprehensive insurance packages at the most competitive price. Coverage extends to operations in the U.S. and Canada.
"Alternative energy sources are crucial at a time when concerns about the cost of energy, the environment, and foreign dependence are escalating. Effective risk strategies to protect construction and operational concerns are vital to the growth of this industry," said John Jennings, president of Crump Insurance Services. "We are pleased to be able to offer this coverage that is tailored specifically to the needs of wind power operations," Jennings said.
For further information, visit www.tricityins.com .
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