Solar Panel Insurance

Solar Panel Insurance / Solar Project Insurance

Northern Alliance can provide bespoke insurance cover for your solar panels. We have been providing insurance cover for solar panels since the government introduced the FIT scheme.

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 can insure solar arrays both ground mounted and on residential and commercial properties throughout the UK. Our cover offered includes the following:

  • All Risks Cover – Cover against Damage to Panels, Inverters & associate equipment. Perils include Fire, Storm, Theft, Accidental & Malicious Damage
  • On the back of our All Risks policies we can offer Chancel and Title protection.
  • Breakdown Cover – Cover can also include the cost of replacement parts & labour following breakdown.
  • Loss of Revenue – Cover against the loss of Income/Loss of Feed in Tariff following damage to panels
  • Public Liability Insurance – Cover protecting against damage to third party property and injury to third parties e.g. should a panel become detached from the roof area.
  • Employers Liability Insurance – Required if SPV has more than one Director.
  • Reinstatement / Decommissioning Insurance – Alternative to a bond
  • Legal Expenses

Premiums starting from £250 per annum with low excesses.

We only work with ‘A’ rated & bankable insurers who share the same expertise as ourselves within the solar and renewable energy market.

We also have Delegated Binding Authority For Operational All Risks, which allows us to quote, place cover and issue Documentation for Approved Solar Projects.

This extends to include Public Liability up to £10,000,000 Any One Claim.

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Insurance for Installers

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Construction / Installation Stage:

Contractors All Risks Insurance

Contract Works Insurance for Solar Panel Installers

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 Solar Panel 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  Solar Panel Installers

Provides cover against loss or damage to the loss or  damage to employees personal effects. Cover applies anywhere within the United Kingdom, the Channel Islands and the Isle of Man.

Delay in Start Up / Advanced Profits

This cover protects you against financial losses, following damage that causes an interruption or interference with the programme of construction and a delay to the commencement of commercial operation of your business

Goods in Transit Insurance / Marine Insurance

We can arrange cover for goods in transit insurance and marine insurance for solar panel  installers. This will protect any stock and equipment which is being transported. This could include panels, invertors 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 solar panel 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.

Operational Stage :

All Risks Cover including Breakdown – Cover against Damage, Theft, Fire, Storm etc.

Cover

Any Loss or Damage to your Solar Panels and Ancillary Equipment at your premises, including Machinery Breakdown. Cover extends to include damage to Panels and Ancillary 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.

 Principal Exclusions

  • The first £500 of each and every loss
  • Losses covered under guarantee

 N.B.

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.

Terrorism Insurance

This cover includes Damage or loss resulting from Damage to the Solar Panels and Ancillary Equipment and consequential loss resulting therefrom caused by or resulting from an Act of Terrorism

Loss of Revenue Insurance– Cover against the loss of FIT / Other income schemes

Cover

This cover protects you against the financial consequences of loss of or damage to your insured property. The cover will specifically cover loss of revenue from FIT and other income streams as a result of a solar project.

Indemnity periods can be selected from 1 month to 36 months.

Extensions

  • Additional Costs reasonably incurred to reduce loss of Gross Profit or Revenue
  • Loss or Damage at third party storage premises
  • Machinery temporarily removed for cleaning, renovation, repair or other similar purposes

Reduced Yield Insurance– Cover against sun irradiation

Cover

This cover protects you against the financial consequences of loss of or damage to your insured property. The cover will specifically cover loss of revenue from FIT and other income streams as a result of a solar project.

Indemnity periods can be selected from 1 month to 36 months.

Extensions

  • Additional Costs reasonably incurred to reduce loss of Gross Profit or Revenue
  • Loss or Damage at third party storage premises
  • Machinery temporarily removed for cleaning, renovation, repair or other similar purposes

Public Liability Insurance– Cover against damage to third party property / Injuries to third parties

We can arrange cover for Public Liability insurance specifically relating to the panels and equipment that have been installed. This will protect against the panels and equipment causing damage to any third party/surrounding property or injury to a third party.

Cover can be arranged on £1m, £2m, £5m or £10m limits of indemnity.

We have provided insurance cover for many solar investors on a wide range of projects in the UK, some examples of our projects include –

  • Large Residential/Social Housing Solar Projects
  • Multi Site Commercial Solar Projects
  • Local Authority Building Solar Projects
  • Agricultural/Rural Solar Projects
  • Ground Mounted Solar Projects

Whatever the size or type of solar project involved we have insurance cover to meet your individual requirements.