Keystone Offers Wind Energy Insurance

The leading Irish insurance company now offers a new service to meet the quickly growing demand in the new wind energy sector.

Dundalk, United Kingdom, December 14, 2007 --( Keystone Insurance, Ireland’s leading Construction Insurance brokers now offers a new service aimed at the rapidly growing wind energy sector. Using many of the worlds leading Insurers, Keystone Insurance can arrange specialised insurance cover for all aspect of On-Shore & Off-Shore Wind Farms.

The service is aimed to meet growing demand among many investors as the future of wind energy in Ireland and UK is becoming increasingly certain. This week UK authorities announced the plans to starts projects for the gradual transformation to offshore wind farms as the only source of electricity in the future.

As the establishment of a Wind Farm is a long term project, Keystone’s Insurance Cover is arranged in three main stages: anemometer stage, construction and erection stage, and operational stage.

During the initial exploratory stages, an anemometer mast is erected to measure wind patterns & velocity. At this stage, insurance cover is provided for damage caused to the mast along with public & employers liability insurance for the proposed site itself. Once it has been established that the site is adequate and all relevant planning has been approved, the construction stage can commence.

During the construction stage, insurance is provided to protect against injury, loss, destruction or damage on site. Just like any cover on a conventional construction site, this includes public & employers liability and loss/damage to the permanent or temporary works, materials, goods and plant used in connection with the design, construction, erection, commissioning & testing of the project. Cover is also available for loss or damage to turbines/equipment in transit from the manufacturer’s plant to site.

At the operational stage, cover for the turbines and associated infrastructure is provided to ensure both the operating company & its financiers are protected against all risks of physical loss or damage (including natural catastrophes) to the entire wind farm project. These may include damage to the wind turbines due to mechanical or electrical breakdown, business interruption due to various reasons, interruption of the electricity supply. The cover may also be extended for risks such as terrorism, and Public and Employers liability insurance.

Keystone is a nationwide and independent insurance brokerage house who offers specialist construction insurance solutions to the Irish Construction Industry. The company is based in Dundalk Co Louth but has a wide customer base from all over the country. The main types of insurance Keystone specializes in are Public Liability, Employers Liability, Contractors All Risks, Plant and Machinery, Personal Accident, etc. Keystone also has favorable schemes for all construction occupations including traditional high risk occupations such as roofers, curtain wallers and scaffolders.

Keystone insurance
Anthony Woods