Study of product liability insurance issues related to small wind energy conversion systems

Technical Report · Sat Nov 01 00:00:00 EST 1980

DOI:https://doi.org/10.2172/6623191· OSTI ID:6623191

Bass, L.; Wynholds, H.; Bloedorn, J.; Hodgson, F.; Herzog, F.

Products liability insurance is available for all but the smallest and newest SWECS manufacturers. Large companies simply insure SWECS as part of their total risk management (insurance) program. For other companies, however, purchase of products liability insurance usually requires a knowledgeable and aggressive insurance broker, and an effective product liability prevention program. Costs of products liability insurance varies considerably, depending on both the manufacturer's performance and the insurer's perception of exposure. This study was sponsored by the Department of Energy to analyze the particular products safety and liability status of the SWECS industry and to propose strategies for addressing their needs. Eight strategies were identified which would reduce the manufacturers' risk, redistribute the economic burden of products liability, and redefine the concept of acceptable risk.

• Research Organization: Wynholds (Hans W.) Co., Cupertino, CA (USA)
• DOE Contract Number: AC04-76DP03533
• OSTI ID: 6623191
• Report Number(s): RFP-3178-80/21
• Country of Publication: United States
• Language: English

Related Subjects

17 WIND ENERGY
29 ENERGY PLANNING
POLICY AND ECONOMY
INSURANCE
MANUFACTURERS
WIND TURBINES
COMPARATIVE EVALUATIONS
COST
LIABILITIES
MACHINERY
TURBINES
TURBOMACHINERY
170300* - Wind Energy- Legislation & Regulations
299003 - Energy Planning & Policy- Unconventional Sources & Power Generation- Other- (-1989)