ProSight Specialty Insurance Extends OOPS Coverage to Solar Contractors Program
MORRISTOWN, New Jersey, September 12, 2016
ProSight Specialty Insurance today announced that it is enhancing its Solar Contractors program to include a first-of-its-kind Obstruction of Premises Supplemental (OOPS) coverage. This endorsement, which was previously introduced as a part of the company’s Luxury Home Builder’s program, is being extended to all solar contractors with a ProSight policy. Beyond the comprehensive general liability policy that comes standard, the OOPS endorsement delivers added peace-of-mind and protection against mistakes that cause a customer’s home to become uninhabitable.
“Solar energy professionals are inherently exposed to a number of risks throughout the design, installation and maintenance processes. Because of this, incorporating our OOPS coverage into our Solar Contractors program was a priority for us,” said Christy Fayette, program manager for ProSight’s Solar Contractors program. “Not only does this complimentary endorsement provide a competitive business advantage to our clients, but the extra layer of protection offers peace-of-mind—it puts the success of solar professionals front-and-center, and that is our goal.”
ProSight’s OOPS coverage for its Solar Contractors program includes the following features and benefits:
– Pays up to $5,000 in eligible living expenses or fair rental value in the event that a solar contractor’s customer’s home becomes uninhabitable during the project
– Allows for a reasonable reporting window—OOPS is available if solar contractors report an eligible loss within 30 days with proper documentation
– Extra protection when mistakes happen on the job; solar energy professionals can take comfort knowing they are receiving the gold-standard of insurance coverage for themselves and their customers
The OOPS enhancement further exemplifies ProSight’s commitment to providing tailored solutions to meet the ever-evolving needs of solar professionals and eliminating the need for multiple insurance carriers.
About ProSight Specialty Insurance
ProSight Specialty Insurance was founded by industry veteran CEO Joe Beneducci, with the explicit purpose of introducing innovation to the commercial property and casualty insurance market. ProSight designs solutions that help solve customers’ problems, so each solution is targeted to enhance customers’ operating performance. ProSight focuses on select niche industries, deploying differentiated underwriting and claims expertise, and then works exclusively with specialized distributors to deliver value. ProSight is fueled by a cultural desire to succeed at uncommon challenges, making the business performance of its customers a top priority. The underwriting members of the ProSight Specialty Insurance (ProSight) group of companies are rated “A” (Excellent) by A.M. Best. ProSight also operates Syndicate 1110 at Lloyd’s of London, which is rated “A+” (Strong) by Standard & Poor’s. Based in Morristown, NJ, ProSight has regional offices in Los Angeles, CA, Santa Rosa, CA, New York, NY, and London, England.