On June 14, I presented “How to Limit Your Risk in a Small
Wind Business” at the Small Wind Installers Conference in Stevens Point. There were about 250 attendees, including installers, manufacturers, utility representatives, environmental
groups and government agency representatives.
I was part of a panel titled “Reality Check: Legal and Insurance Issues,” where I joined two small wind installers who had faced liability concerns in New York and New Jersey. The situations they described were especially difficult for wind installers as they appear to have been the subject of claims for liability, even though by all accounts there were not defects in their installation efforts. Insurance agent Alan Virgil also spoke on how to insure a small wind business.
During my presentation about how to manage risk in the small wind industry, I gave the audience suggestions on how minimize risk generally,
providing two fundamental risk management principles and five risk management “commandments” to help keep them out of trouble. If you would like a copy of the overheads from this talk, just e-mail me at email@example.com.
The heart of my message was that up-front planning is critically important when forming a business and entering into a wind project
contract to ensure risks are allocated fairly and that wind energy entrepreneurs don’t expose themselves to unwarranted amounts of liability.
The Small Wind Installers Conference was a great opportunity to talk to leading national players in the small wind industry and discuss the
latest developments in state and federal renewable energy policy.