Released on: December 12, 2007, 5:55 am

Press Release Author: Anthony Woods

Industry: Construction

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

Press Release Body: 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.


Web Site: http://www.keystone.ie

Contact Details: Phone: 042-9393993