PowerGuard Specialty Insurance Services, a Managing General Agent and Lloyds cover holder specializing in unique insurance and risk management solutions for the solar and wind sectors, has released its second-generation PowerCLIP warranty program.
Designed to deliver more than basic risk transfer, the PowerCLIP Warranty program strengthens balance sheets, improves financial results and drives new sales opportunities to the solar and wind energy companies that utilize it, according to the company. Once in place, it provides immediate, non-cancellable protection with insurance companies carrying an AM Best Rating of A.
In addition, PowerGuard has entered into a marketing alliance with Chartis Global Marine and Energy. The PowerGuard/Chartis partnership can provide up to $500 million in property capacity. As with the warranty program, all insurance products have exceptional stability and security and are placed with companies carrying an AM Best Rating of A or better.