[Gasification] insurance

[phillip manske]

A convo from a insurance industry rep... not an agent...

------------------------------------

Howdy Paula,

While I would like to write this account for you, I don't believe that this
is he right time.

This Insured is just beginning to look to start up a business.  In the
renewable Energy Industry, there is more competition that is imaginable due
to various RECS (renewable energy credits) that different States are
providing.  As an example, New Jersey is the #1 State in Solar Power today.

What we have found  that in addition to the normal exposures produced from
this Industry, that there is also a substantial exposure that is directly
tied to the Contracts that are utilized in the Operations (Power Purchase
Agreements and Interconnection Agreements).

When this Insured produces a Pro-forma that outlines his expenditures, and
expected incomes generated, he may want to allow for potential seepage to
occur due to the nature of "who he plans on contracting with".

When we then combine the exposures that we know this individual will be
producing, i.e.- using somewhat new and unproven technologies, aligned with
Engineering and erection of a Biomass generating plant, while we could
potentially offer coverage the premium that we would need would be seen as
Excessively abnormal, and potentially unjustified by this Client.

I would rather wait until this Insured has been in business for a while, and
allow for some Industry maturation and look to offer a quote when we know
that:,  - (1)-the boat will float,, &,, (2)-the long term Course the Boat is
taking while navigating with the other boats on the lake (Energy producing
entities aligned with Solar and Wind).


Thanks for your understanding Paula,  but I am going to pass on this one.

----------------------------


Phillip





On Mon, May 16, 2011 at 11:36 PM, Greg Manning <a31ford at gmail.com> wrote:

> Toby,
>
>  I have "fully disclosed" my designs to the local auto insurance, HOWEVER,
> we have only ONE insurance company alowed to us for auto, it's called "MPI"
> (Manitoba Public Insurance) and all auto/truck goes through them, period.
>
> Home and others are wide open, but auto, they have "all tied up".
>
> I have worked with both them and "Vehicle Standards Branch"  (mini DOT,
> here in Manitoba) and I am currently working with them again for the new
> truck.
>
> It falls under the class of "Altered Vehicle" and all they worry about is
> fuel line routing, as far as the "burning fire" the first time around, I
> said SO ?  "an engine has 8 fires inside of it, mine only has one, and by
> virtue one is safer than 8.... (I got away with that thinking the first
> time, and now it has "stuck" this one was/is a peice of cake)..... (so far).
>
>  Greg
>
> On Mon, May 16, 2011 at 6:32 PM, Toby Seiler <seilertechco at yahoo.com>wrote:
>
>>   Jim,
>>
>> Your telling us that your general business insurance policy will cover
>> your product liability on the "gasifiers experimenters kit" or the "power
>> pallet".  Right....  I don't believe you.
>>
>> I've made complex machinery for too many years to believe that you can
>> obtain product liablity on experimental and unproven machinery.  Been there
>> on much better developed equipment.
>>
>> Write me off list (providing your PL underwriter) and I'll verify... then
>> gladly eat my words.
>>
>> Phillip has a policy application (I believe he wants auto insurance)...
>> but no policy. He surely won't get it from Indiana Farm Bureau.  How many
>> people have really, truthfully disclosed that they are adding a gasifier to
>> their insurance underwriter, where the undewriter had actual knowledge of
>> the significant, added apparatus and approved it?
>>
>> Sincerely,
>>
>> Toby
>> Seilertechco
>>
>>
>>
>>
>>
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>>
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>>
>>
>
>
> --
>  Regards,
>
> Greg Manning,
> Brandon, Manitoba, Canada
>
> _______________________________________________
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>
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>
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>
>
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