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ET Solar Group Announces Worldwide Product Liability Insurance Coverage

NANJING , Jiangsu, China , July 5 /PRNewswire-Asia/ -- ET Solar Group Corp. ("ET Solar"), a Nanjing -based solar farm EPC provider and integrated manufacturer of photovoltaic ("PV") products including ingots, wafers, modules, and state-of-the-art dual-axis tracking systems, announced immediate provision of product liability insurance coverage for its PV module customers worldwide.

Arranged by Aon, world's top insurance brokerage firm headquartered inNew York, the cover is provided by Huatai Insurance Company in which the global insurance giant ACE is the single largest shareholder. ACE, whose financial risking is A+ by Standard & Poor's, is a leading insurance and reinsurance provider incorporated inSwitzerland and listed on NYSE. The firm operates in more than 50 countries worldwide with a strong presence inEurope &North America.

The cover includes both bodily injury and property damages caused by PV modules sold, supplied and distributed to ET Solar's customers with a very sizeable compensation limit. Claims can be directly filed at ACE's overseas offices in or closest to the claimants' geographies. Renewable at every anniversary, the global policy provides an immediate coverage for the next twelve months.

Commenting on the news, Dennis She, Vice President and Global Sales Officer of ET Solar, said: "We are very delighted to provide our customers with a broad range of value added services and incentives that include local technical and after sales service support inEurope andNorth America, working capital financing solutions, speedier shipment from in-country warehouses, and product liability insurance as we expand our customer base in our key markets rapidly. In addition to product liability insurance, we are at advanced stages in working with top Chinese insurance companies on product warranty insurance coverage that we expect to offer in the next few months."

    For more information, please contact:

     Amanda Xu
     Media Assistant
     Marketing Dept
     ET Solar Group
     Tel:   +86-25-8689-8096 x9017
     Fax:   +86-25-8689-8097
     Email: amanda.xu@etsolar.com
     Web:   http://www.etsolar.com

SOURCE ET Solar Group Corp.

Tags: ,UTI,OIL,INS,ALT,PDT,ET-Solar-Insurance

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ET Solar Group Announces Worldwide Product Liability Insurance Coverage