“Jamaica’s ability to compete with its regional counterparts relies heavily on alternative energy.
Renewable Energy is a hot topic these days. With Jamaica’s annual oil import bill costing the country in excess of USD$2.25billion, local business persons are encountering great difficulty trying to manufacture and sustain their operation. With electricity being one of the highest inputs in their business, it’s no wonder more persons are seeking energy alternatives. As the Jamaican dollar continues to decline, purchasing renewable energy systems can have a hefty price tag. For those persons who have decided to flick the switch to renewable energy, Marathon Insurance Brokers have developed a product that protects your investment. This product offers coverage for both the renewable energy equipment and the associated public liability risks.
Marathon worked closely with The Jamaica Solar Energy Association (JSEA) to develop the product with Lloyds of London underwriters and have obtained the Association’s official endorsement. This cooperation ensured that the product met the Standard Offer of Contract requirement set out by the Office of Utilities Regulations (OUR).
Marathon worked closely with The Jamaica Solar Energy Association (JSEA) to develop the product with Lloyds of London underwriters and have obtained the Association’s official endorsement. This cooperation ensured that the product met the Standard Offer of Contract requirement set out by the Office of Utilities Regulations (OUR).
Keisha Bugher, CEO of Marathon, stated in an interview with ECCO Magazine recently that “Jamaica’s ability to compete with its regional counterparts relies heavily on alternative energy. She added, “In the event of a loss due to hurricane, fire or other natural disasters (lightening) to name a few, you can claim under the policy. Having insurance means you have less down time and your investment is protected.”
Marathon is the first and only broker in the local market offering this coverage, which includes full protection for ALL commercial and residential renewable energy equipment. The product also provides protection from losses arising from hurricane, fire, accidental damage and theft, equipment breakdown and business interruption.
Businesses and Individual homeowners who wish to access the benefits of ‘net billing’ offered by the JPS must meet the special public liability requirement, which is a standard feature in this product.
As the Government of Jamaica, the Energy Sector and Alternative Energy organizations, especially the JSEA, work towards a more energy efficient structure for Jamaica, Marathon Insurance Brokers with the insight of its management have the right policy to protect your investment.
Marathon is the first and only broker in the local market offering this coverage, which includes full protection for ALL commercial and residential renewable energy equipment. The product also provides protection from losses arising from hurricane, fire, accidental damage and theft, equipment breakdown and business interruption.
Businesses and Individual homeowners who wish to access the benefits of ‘net billing’ offered by the JPS must meet the special public liability requirement, which is a standard feature in this product.
As the Government of Jamaica, the Energy Sector and Alternative Energy organizations, especially the JSEA, work towards a more energy efficient structure for Jamaica, Marathon Insurance Brokers with the insight of its management have the right policy to protect your investment.