Walsh Carter & Associates, a San Francisco-based insurance brokerage firm, has launched the SolarShield SPF policy, a new insurance program that assures direct financial indemnity to investors and banks that provide loans for solar energy projects.
The SolarShield SPF indemnity program offers protection in the event of a shortfall or a total loss of production from a solar installation. Investors can now provide the vital project financing with the confidence that their revenue stream is fully insured, the company explains.
Unlike conventional property or liability insurance, the SolarShield SPF policy does not require damage to property or loss of property for policyholders to qualify for revenue-based or performance-based incentives recovery. The policy simply requires a documented shortfall or loss of revenue to provide immediate coverage.
SOURCE: Walsh Carter & Associates