Performance Shortfall Insurance
The insurance product from HSB Engineering has been specifically designed for companies investing / installing or financing green energy initiatives within commercial property e.g PV on rooftops, LED lighting, biomass boilers, heating/ventilation etc.
The policy besides covering the more traditional elements of cover such as asset protection and loss of revenue also covers the Performance Shortfall and subsequently pay for the difference in the estimated energy savings from the energy efficiency initiative and the actual savings.
The policy effectively removes the technical / performance uncertainty for both the building owner, energy service company or lender! Other benefits being that any loan repayments are protected with an improved availability of project funding.
Cover is arranged on a 5 year period and designed for Commercial Building Owners, Energy Service Companies and Banks / Funders.
View more details here: https://goo.gl/hp2b7M