renewable energy installer insurance
Why do you need installer insurance?
With many wanting to make changes to help support a cleaner planet, the work for solar panel installers is only increasing. To support you or your business, you need to make sure you are covered correctly. Each new job comes with new risks to assess.
- No height restrictions
You can work at unlimited heights with standard cover
- Monthly payment option
Flexibility to support your business needs
- Experienced claims team
There to support you when you need it most
How our experts can help you
Whether you are an established renewable energy installer, or whether you are starting out and going through the Microgeneration Certification Scheme MCS accreditation, we have market leading renewable energy installer insurance cover.
The right renewable energy installer insurance policies for you
Employers Liability Insurance
Employers’ Liability Insurance is compulsory by law for most businesses. As an employer, you are responsible for the health and safety of any worker under a contract of service. If a worker suffers an injury or an illness that they believe is your fault, they may try to claim compensation from you.
The standard cover for Employers Liability insurance within the UK market is £10,000,000.
Public Liability Insurance
Public liability insurance provides protection against your legal liability to third parties, following injury or property damage caused in the course of your business. Cover extends to both defence costs and awards.
Cover is usually arranged for £2m or £5m to meet the requirements of the MCS (Microgeneration Certification Scheme) or a specific customers requirements.
Professional Indemnity Insurance
In business you try to prevent mistakes, but occasionally they happen. Professional Indemnity Insurance (PII) protects you and your business if your client alleges a financial loss for:
- a breach of a professional duty of care or unintentional breach of contract;
- infringement of intellectual property rights;
- data breaches or misuse of confidential information.
As a Renewable Energy Installer you will be advising potential customers on both their energy savings, and/or returns on their investment from any Subsidies that the project owner is expected to receive. As an installer you may also be responsible for the design, specification and layout of the Project, including determining any structural impact to existing property or land, following the installation.
It is therefore recommended that renewable energy installers consider Professional Indemnity insurance both from a design and advice perspective. We can offer professional indemnity insurance for renewable energy installers ranging from £100,000 to £10,000,000.
Protecting your risks
Contractors All Risks Insurance
Provides cover against physical loss, destruction or damage to construction works during the course of construction.
In the event of an insured loss you will be covered for the value of the damaged property or the cost of repair or at the insurer’s option, reinstatement or replacement from any cause not excluded by your policy.
Owned Plant / Hired-in Property for Installers
Provides cover against loss or damage to own or hired in plant. In the event of an insured loss, you will be covered for the sums you are legally liable to pay in respect of Damage to the property and continuing hiring charges levied.
Employees Effects for Renewable Energy Installers
Provides cover against loss or damage to employees personal effects. Cover applies anywhere within the United Kingdom, the Channel Islands and the Isle of Man.
All Risks Insurance
Any Loss or Damage to your Parts and Equipment at your premises. Cover extends to include damage to Parts and Equipment while temporarily removed from the premises for cleaning, renovation, repair or other similar purposes and while in transit by road rail or inland waterway.
Basis of Settlement
Cover is on a reinstatement ‘as new’ basis, excluding betterment.
Inflation Protection (Day One Reinstatement) provides an automatic 15% increase in the Machinery and Buildings values you declare for insurance during the period. You have an option to increase this percentage.
The first £500 of each and every loss
Losses covered under guarantee
The Equipment values you declare must be sufficient to reinstate the property at the start of the policy period. If the values declared are less than the full amount which the property should be insured for, your claim may be reduced.
This cover includes Damage or loss resulting from Damage to the Parts and Equipment and consequential loss resulting therefrom caused by or resulting from an Act of Terrorism.
Goods in Transit Insurance / Marine Insurance
We can arrange cover for goods in transit insurance and marine insurance for renewable energy installers. This will protect any stock and equipment which is being transported. This could include parts and equipment being transported from supplier to site or from site to site.
The cover will protect against perils such as accidental damage, fire and theft with cover being arranged on a maximum anyone vehicle basis.
Environmental Liability Insurance
We can arrange environmental liability insurance for renewable energy installers. This will cover against gradual pollution and the clean up costs following contamination.
Environmental liability insurance is not just a consideration for heavy industries such as chemical, petrochemical or manufacturing there is now pressure on any organisation to have a social, ethical and environment policy in place.
Read the latest renewable energy articles
Whilst some renewable energy technologies are relatively ‘established’, along with wave and tidal power generators, ground source heat pumps and hydrogen cells there’s continued technical innovation in the sector.
As the battery energy storage market matures, the size and complexity of installations increases, operators and insurers are still learning about the risks. We take a look at explaining one of the main risks, fire.