TRUE SOUTH RENEWABLES INTRODUCES SOLAR PRODUCTION GUARANTEE
New Total Care Solution Will Offer Insured Warranty to Provide Financial Security for Solar Investments
Huntington Beach, Calif., July 9, 2012 – True South Renewables Inc. (TSR), a leader in Operations and Maintenance (O&M) for solar electric facilities and a wholly owned subsidiary of Solarrus Corporation (Solarrus), today announces that it has entered into an agreement with the AmTrust Group of insurance carriers, to provide a comprehensive insured service maintenance warranty that financially guarantees system performance.
Building on True South Renewables’ Gold Shield O&M service plans, the new program will be an insured service called Total Care. The TSR Total Care solution will guarantee the performance ratio for the entire solar system, and will provide greater assurance to the financial investors of solar projects. The Total Care solution will be underwritten by an AmTrust Group insurance carrier, rated “A” (Excellent) by A. M. Best and one of the largest insurers of extended service plans in the world. The program is being developed and brokered for Solarrus Corporation by Critical Period Insurance Agency, Inc.
Unlike other solar insurance products that only extend the time period or the terms of a particular component’s or module’s warranty, the TSR Total Care solution will incorporate an insured service maintenance warranty that guarantees the whole system meets or exceeds the generation performance for which it is designed.
“The confidence AmTrust has placed in True South Renewables is a testament to the track record we have in the industry,” stated Rue Phillips, CEO of True South Renewables. “Our Total Care solution will be the only insured service maintenance plan that provides financially insured performance for the whole solar power plant.”
The Total Care solution will only be available in the United States initially, and relies on True South Renewables expertise in system commissioning and ongoing maintenance under the Gold Shield service program.
True South Renewables oversees solar operations and maintenance activities across North America. In the past year, True South Renewables has opened offices in California, Texas, New York, and most recently in Ontario, Canada.
For more information on Total Care and other services from True South Renewables, visit wwwTrueSouthRenewables.com, or call (714) 908-5266 to speak to a specialist.
About True South Renewables Inc
True South Renewables Inc. is the leading independent solar O&M services provider in North America and is a wholly owned subsidiary of Solarrus Corporation. TSR operates over 200 MW of both distributed generation and utility scale solar electric facilities across the US. The company’s national headquarters is located in Huntington Beach, CA and has regional offices in Irvine, CA; Webberville, TX; New York, NY, and is currently opening an office in Ontario, Canada. For more information about True South, visit www.TrueSouthRenewables.com.
About Critical Period Insurance Agency, Inc
CPIA has a national insurance managing general agency with over 100 years of product development experience. Their successful initiatives have assisted manufacturers and distributors of solar, wind, power transmission, consumer and high tech products in improving the marketability of their “New” Products or Services to increase market acceptance and to acquire new market share by improving warranty and extended warranty coverage and taking the warranty risk of balance sheet in the process. Please visit www.cpiainc.com.
AmTrust Financial Services, Inc., headquartered in New York City, is a multinational insurance holding company, which, through its insurance carriers, offers specialty property and casualty insurance products, including workers’ compensation, commercial automobile and general liability; extended service and warranty coverage. For more information about AmTrust, visit www.amtrustgroup.com.