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CNC Asset - the one-stop shop for Insurance, Warranty and Finance

Solar Panel Insurance

Renewable Energy Insurance

CNC Asset are specialists in Solar Panel Energy Insurance from domestic Photovoltaic installations to solar parks on an industrial scale. CNC Asset have arranged bespoke wordings and coverage for their owner, developer and installer clients. Solar Energy Insurance is also commonly called Photovoltaic Insurance or PV insurance.

CNC Asset have an unparalleled understanding of electrical and mechanical breakdown of machinery and component parts as shown by their unique position of being providers of electrical and mechanical breakdown insurance to the Royal Air Force.

CNC Asset have in house underwriting facilities for renewable energy with the most sought after insurers which allows them to issue operational insurance quotes and place on risk Solar Energy Insurance on a 24/7 basis. This speeds up the whole quoting process and allows fine tuning of the policy and the premium. CNC Asset's insurers are A rated or better and are fully accepted by banks and lenders.

We currently insure owners, developers, installers and contractors for their respective risks. These risks are wide and various and can range from liability to transit of the panels, to breakdown and physical damage both prior to and post commissioning. The cover is for ground mounted systems or those fitted to roofs or walls of buildings. For you to be properly covered, each of these areas needs to fully discussed and appraised.

Within each of the insurance areas where coverage is required there are questions that could and should be addressed:

For owners of Solar Panels

  • To what extent does the policy protect the owner in the event the manufacturer is insolvent at the time of a breakdown claim?
  • When does the business interruption part of the cover respond?
  • What is meant by electrical and mechanical breakdown?
  • When, if at all, does average apply to claims?
  • Is the DNO connection fully covered if it is off your land?
  • Is lightening damage protected fully?

For developers, installers and contractors

  • At what point in time is the site your responsibility?
  • Are you properly protected against vandalism?
  • What happens if the system fails during testing?
  • What protection is there if the installation plans are found to be incorrect?

Examples of the coverage available through CNC Asset includes:

Construction phase

  • Construction and Erection All Risks
  • Failure during testing
  • Delay in start up (also known as Business Interruption/Advanced Loss of Profits)
  • Public Liability
  • Pollution Liability
  • Employers Liability
  • Marine Cargo / Transit

Operational Phase (for the owners)

  • All risks of physical damage
  • Electrical and Mechanical Breakdown
  • Business Interruption (including loss of FITs)
  • Public Liability
  • Pollution Liability
  • Products Liability
  • Directors and Officers Liability

How CNC deal with claims

CNC Asset have their own specialist claims unit and you should report all potential claims as soon as possible after you become aware of it. The claims unit includes claims engineers who can advise on the validity of electrical and mechanical breakdowns that, for example, are unseen to the naked eye.

You should always take precautions to avoid using any machinery that you suspect is already damaged. If in doubt, then call CNC Asset claims team for advice.

Like all renewable energy technologies there are significant risks to solar energy installations which can impact and result in a loss. These include:

  • Theft or attempted theft of panels
  • Damage from weather events such as windstorm or hail
  • Impact damage
  • Failure of trackers
  • Failure of substation/electrical equipment
  • Fire

Claims Example:

Strong winds damage Photovoltaic Panels
Type of equipment: Ground Mounted Photovoltaic Panels
Age of equipment: 1 year old
Total claim paid: £23,254 Material Damage
Due to a failure in a tracker orientation system the PV panels at the site were unable to fully turn themselves over into the defensive position to provide protection from strong winds and hail. The failure resulted in the panels being vulnerable to extreme weather and the associated cost of damage was payable under the policy.

Here, at CNC Asset, we understand your needs and can give expert advice on managing your exposure and your claims.

Plant and Equipment

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  • Wheel Loader
  • Wheel Excavator
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  • Dumpers
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