Insurance Issues for Green Start-ups: What Every Entrepreneur Needs to Know

This article is a case study based upon a business entrepreneur's efforts to obtain specialized insurance coverage for a clean-energy start-up business. The article identifies and discusses some of the potential liabilities of insurance brokers in the event that the insurance coverages they obtain do not adequately protect the interests of the client's business. The article concludes that, at least in New York State, the rule is “Let the buyer beware!” and that a business person cannot safely rely upon advice given by an insurance broker in obtaining complex or specialized insurance coverage.