Solar Insurance

Solar panels are used extensively in the UK. Whether fixed to commercial and residential properties or massed together on solar farms they provide a significant source of renewal energy in the UK.

Solar energy has rapidly become a vital part of the global renewable energy mix and account for an ever-growing share of electric capacity added worldwide. The UK government’s renewable targets state that by 2020 they aim to generate 12 % of heat through renewable energy sources (CEBR 2010).

Whether you are an installer, investor/funder or project manager of a solar project we can offer bespoke insurance cover for both the construction/erection and operational phase of your solar project.

We have been insuring solar projects since the introduction of FIT scheme and already provide insurance for some of the largest solar parks in the UK.

Whatever the size or type of solar project you are planning we can offer insurance to meet your requirements. Some examples of the projects we insure:

  • Multi-site rooftop residential/social housing
  • Multi-site commercial 50kW projects
  • Ground mounted 5mW solar farms
  • Projects for hotel & leisure centre chains
  • Projects for local authorities/schools
  • Construction all risks insurance for solar panel installers

    Construction all risks insurance is vital during the installation phase of the contract. Construction all risks insurance for solar panel installations provides protection against physical damage, theft and breakdown during installation testing and commissioning. Also importantly it can be extended to include advanced loss of revenue should completion of the installation be delayed as result of one of these insured events occurring.

  • Operational all risks insurance for solar panel installations

    As an owner or end user insurance for your solar panel installation whilst in operation is vital. Operational all risks insurance for solar panel installations provides protection against physical damage, theft and breakdown. An operational policy can be extended to include not only loss of revenue should the solar panel installation stop operating as result of one of these insured events occurring.

    Important underwriting considerations include:-

    Type size scale and complexity of the solar panel installation.

    Nature of security.

    Situation of the solar panel installation

    Operational all risks is typically written of an all risks of physical loss or damage basis on either an annual or per project basis. We can tailor the insurance to meet the specific needs of the installation where ever it is situation.

  • Public liability for solar panel installations

    Injury to third parties and damage to surrounding properties during either the installation or operation of solar panel installations is an important consideration. By the very nature of solar panel installations the risks can be high and underwriters will want to have a clear understanding of the steps undertaken to mitigate these exposure.

    Important underwriting considerations include:-

    • Type and size of the solar panel installation
    • Security
    • Nature of surrounding area and country domicile (if applicable)

     

     

    Also where subcontractors are used during installation it will be important to understand the extent of contractual liability for each party.

    Public liability runs alongside either the construction or operational all risks policy and can be arranged with annually or on a contract specific basis.

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