• E-mail
• Print
• Comment
• Font Size
• Digg
• del.icio.us
• Discuss article

ET Solar Group Announces Worldwide Product Liability Insurance Coverage

Posted on: Sunday, 5 July 2009, 20:50 CDT

NANJING, Jiangsu, China, July 5 /PRNewswire-Asia/ -- ET Solar Group Corp. ("ET Solar"), a Nanjing-based solar farm EPC provider and integrated manufacturer of photovoltaic ("PV") products including ingots, wafers, modules, and state-of-the-art dual-axis tracking systems, announced immediate provision of product liability insurance coverage for its PV module customers worldwide.

Arranged by Aon, world's top insurance brokerage firm headquartered in New York, the cover is provided by Huatai Insurance Company in which the global insurance giant ACE is the single largest shareholder. ACE, whose financial risking is A+ by Standard & Poor's, is a leading insurance and reinsurance provider incorporated in Switzerland and listed on NYSE. The firm operates in more than 50 countries worldwide with a strong presence in Europe & North America.

The cover includes both bodily injury and property damages caused by PV modules sold, supplied and distributed to ET Solar's customers with a very sizeable compensation limit. Claims can be directly filed at ACE's overseas offices in or closest to the claimants' geographies. Renewable at every anniversary, the global policy provides an immediate coverage for the next twelve months.

Commenting on the news, Dennis She, Vice President and Global Sales Officer of ET Solar, said: "We are very delighted to provide our customers with a broad range of value added services and incentives that include local technical and after sales service support in Europe and North America, working capital financing solutions, speedier shipment from in-country warehouses, and product liability insurance as we expand our customer base in our key markets rapidly. In addition to product liability insurance, we are at advanced stages in working with top Chinese insurance companies on product warranty insurance coverage that we expect to offer in the next few months."

SOURCE ET Solar Group Corp.

Source: PR Newswire

More News in this Category