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Aon Benfield has teamed up with Mexican insurer Seguros Atlas S.A. and Munich Reinsurance Co. to offer an insurance product for photovoltaic power plants in Mexico, reported BNamericas citing local magazine Inmobiliare.
The new product will cover the construction, installation and operational risks of photovoltaic plants. The insurance cover has been tailored to both small and large projects, with a coverage limit of $50 million per project. The alliance will also cover risks during the construction phase, such as design errors, civil unrest and terrorism.