Renewable energies and relevant technologies have steadily gained in importance during the past years - not only in the eyes of consumers, but for companies as well. Corporate customers in Germany can purchase our combined property and business interruption insurance for extensive cover which meets their needs. ERGO’s product range includes cover for photovoltaic systems, wind energy, hydroelectric power, biogas, geothermal systems as well as for fuel cells and their specific requirements. Our homeowners’ insurance automatically covers claims under the insured perils – for example fire or storm – to photovoltaic, solar and heat-pump systems used for private purposes.
The photovoltaics market is an area of particular focus for us. ERGO is one of the few insurers to offer an innovative form of extended cover for reduced yields, which covers losses incurred when the energy produced by the system in a year falls short of expectations due to causes such as low levels of solar radiation or faults with components in the system. Since 2012, renewable energies have also been included in liability cover against third-party claims. The tariff contains a paragraph with clear underwriting guide-lines and particular information on what is covered which is needed to insure the specific liability risk.