Solar Power

An All Risks basis coverage, meaning that the policy covers damage to property during construction caused by all sudden, accidental, and unforeseen causes other than specified excluded perils and forms of damage.

Physical loss or damage to construction plant and machinery, equipment, and tools used in the insured contract are also covered by the policy.

Additionally, CAR insurance includes third party liability coverage includes accidental bodily injury or illness to third parties; accidental loss of, or damage to property ownership to third parties, caused by an accident at the construction site.

2. Transport/Cargo insurance

Cargo insurance protects against physical damage or loss of modules, inverters, structures, and other cargo while it is being transported by land, sea, or air. The coverage begins with the purchase of materials from the manufacturer's plant and ends on the PV construction field / warehouse, including loading and unloading.

3. Personal accident of the EPC’ s employees

PA policy covers all employees of the EPC contractor while they are on the site. Renewable Energy Insurance Broker provides workers with peace of mind by offering a variety of personal insurance policies that cover accidental death, total or partial disability, temporary disability, etc.

4. Employers' Liability insurance

Insurance that protects employers against liabilities occuring from disease, fatality, or injury to employees as a result of workplace conditions or practices. Please keep in mind that in some jurisdictions, employers are required to purchase such insurance.

5. Еrrors & omissions (E&O)

Errors & omissions (E&O) insurance covers service-providing companies from paying the full cost of defending against a client's negligence claim, and any damages awarded in such a civil lawsuit.

6. Workers’ Compensation Coverage

Form of insurance providing wage replacement and medical benefits to employees injured on the job.

7. Equipment Floater

The policy specifically covers physical loss or damage to construction plant and machinery, equipment, and tools. Coverage begins while solar equipment is being delivered to the project site and ends when the job is done or the owner accepts the work.

8. Performance bond

1. Property damage

External causes such as fire, theft, vandalism, sabotage, hail damage, snow load, lightning strike, overload, operational mistakes, clumsiness and negligence, and animal bite are covered by this insurance. Also, the consequential losses as a result of the damage like labor, transport costs and prevention costs are covered.

2. Machinery Breakdown

Insurance covers unforeseen and sudden physical damage to any solar equipment from your solar project by any cause necessitating repairs and/or replacement.

3. Business Interruption

Extra expense insurance and business interruption coverage are both available. To determine the appropriate level of business income coverage, we evaluate previous production levels and current market value, among other factors.

4. Contingent Business Interruption (CBI)

Contingent Business Interruption covers the installation's business interruption as a result of a sudden and unforeseen physical damage or loss to the first non-owned substation. It is impossible to supply electricity to the grid due to the damage or loss of the non-owned substation. There is no physical damage or loss of your own insured PV installation.

5. Liability insurance

Provides protection for personal injury, bodily injury, property damage and/or advertising injury. Including general liability insurance for existing renewable energy operations, as well as newly acquired or newly formed organizations.