Asset One Insurance has initiated SolarInsure, a new division to provide insurance solutions to renewable energy companies. The move came in the light of accelerating developments of sustainable energy products and technologies.

SolarInsure will focus on clients operating in three areas- solar panel manufacturers and distributors, power generators (including solar, geothermal and wind) and commercial buildings with energy-efficient properties. Insurance coverage includes worker’s compensation, general liability, errors & omissions, business property, and commercial auto.

Ara Agopian, President of SolarInsure, said: “Asset One Insurance through the creation of its new division, SolarInsure, is now able to focus on the insurance needs for the renewable energy market. As the world becomes more environmentally conscious, it is important for the insurance industry to grow with the changing marketplace.”