With people being more environmentally conscious, as well as wanting to save some money on soaring electricity costs, you’re busier than ever as a solar panel installer. Although it’s hard to find a spare minute, take a moment to think about whether you have the right insurance in place to cover your areas of risk. To make it easier, we’ve outlined the main insurance policies for solar panel installers.
Public liability insurance
Public liability insurance is one of the best known types of cover and is essential for solar panel installers. Public liability insurance will cover you financially if you’re found liable after a claim where your actions at work have resulted in damage to property or injury to a third party. It will also cover legal bills if you need to hire a lawyer during the claims process. When you’re dealing with heavy solar panels in properties and businesses, it can be easy for a solar panel installer to find yourself on the receiving end of a claim. Also, you’ll often find that clients and employers will want proof of public liability cover before they take you on.
Property and tools cover
When you’re using your expensive solar panel installation gear while travelling around to different locations, it can be easy enough for it to be lost, damaged or stolen. Not only is this inconvenient for your work, it can also be incredibly expensive if you have to use your own hard earned money to pay for repairs or replacements. Having property and tools cover in place means your gear is covered and you can get back business sooner rather than later.
Personal accident and illness cover
Think for a moment how you’d cope financially if you suddenly were unable to work due to injury or illness. Could you keep up with your mortgage or rent? How would you maintain your lifestyle? When you’re self-employed or subcontracting as a solar panel installer, being unable to work even for a short period can have serious financial consequences. Personal accident and illness cover means that if you can’t work after injury or illness, you’ll continue to be paid a portion of your income until you can go back to work or your policy expires.
Workers compensation insurance
If you run your own solar panel installation business and have employees working for you it’s compulsory to have workers compensation cover in place – and for good reason! If an employee is successful in a workers compensation claim, having this cover in place means that the continued payments you are required to make to the employee can be reimbursed by the insurer so you’re not out of pocket.
Remember, the above is general advice only and doesn’t take into consideration your specific situation. It’s best to always have a chat with your insurance broker if you have any further questions and they can make sure your level of cover is right for your needs.
To discuss solar panel installer insurance or for any other questions, contact All Trades Cover on 1300 826 850 today and we’d be happy to help. You can also fill in our easy online quote form and get a competitive price in minutes.