Posted on October 5, 2022 in News

Rb Jones Expands Clean Energy Solutions With New Solar Commercial Insurance Program

October 11, 2022RB Jones, a leading Managing General Underwriter in specialty risk coverage solutions for brokers, agents, and wholesalers, today announced its new, exclusive Solar Commercial Insurance Program (SCIP). 

Over the past decade, the solar energy market has experienced an average annual growth rate of 33 percent, according to the Solar Energy Industries Association. Declining costs, tax incentives and expanded storage capabilities have contributed to this increase in demand and usage.

“Partnering with a company that has renewable expertise for Commercial Solar opportunities allows RB Jones to support owners and operators of small to mid-sized commercial operations, such as schools, parking structures and boutique hotels,” said Brad Nehring, Director of Energy, RB Jones. “This clean energy solution also provides much-needed coverage options for developers, independent power producers and small utility companies.”

Coverage is offered at each stage of the renewable energy lifecycle, from site preparation and transportation, to installation, operation and decommission. Energy coverage options within the program include utility ground mount, rooftop commercial, community solar, carports, and Battery Energy Storage Systems (BESS) that are ancillary to a solar project. It can be tailored to individual projects as well as large scale portfolios and can be offered as a package or a standalone product. The coverage limits are up to $10 million for property and up to $5 million for umbrella.

“We continue to explore growth opportunities that further establish RB Jones’ capabilities and reputation as a preferred partner, especially those that bring relevant, impactful solutions,” said Mark Engel, Managing Director, RB Jones. “By pursuing this exclusive Commercial Solar program, we are able to underwrite and add another much-needed product to our growing portfolio of specialty insurance solutions.”