Contractors’ insurance protects against the financial risks present at all stages of business operations.
Solar contractors’ operations involve installing, modifying, maintaining, and repairing thermal and photovoltaic solar energy systems. With the overwhelming demand for renewable energy, solar photovoltaic installers have become a hot commodity throughout the United States. Like many high-risk contractors performing their work on raised platforms and rooftops of buildings, there is a significant risk for work-related injuries and property damage.
A well-tailored insurance package will protect against unforeseen incidents involved with normal business operations.
Solar contractors’ general liability is the foundation of a well-structured commercial insurance portfolio.
Solar contractors’ general liability insurance provides financial protection for third-party bodily injury and property damage.
Solar panel installers’ general liability insurance provides defense costs for lawsuits against your company.
Solar contractors’ worker comp is a no-fault system that benefits employees with work-related injuries or occupational illnesses.
Solar contractors’ workers’ compensation may also protect your business from employee lawsuits for medical damages.
Most states have strict guidelines mandating employers to carry solar contractors’ workers’ compensation insurance.
Non-compliance can lead to significant fines and penalties for employers operating without coverage.
Various states require a solar contractor bond to bid on a project.
Solar contractors’ surety bonds are a financial guarantee that the terms of the project agreement get fulfilled by the contractor.
A solar panel installers’ surety bond can be a more affordable alternative than putting up out-of-pocket funds or providing a letter of credit from a financial institution.
Solar contractors use light and heavy vehicles in the course of daily business.
Solar contractors’ commercial auto insurance protects against liability for damages involving your company vehicles.
Solar contractors’ commercial auto coverage protects your business vehicles if damaged in an accident, stolen, or other covered peril.
Solar contractors rely on special tools and equipment to complete day-to-day business tasks. Replacing them can create a significant loss for these specialists.
Solar contractors’ tools and equipment coverage provides financial protection for businesses needing to repair or replace tools and equipment for a covered peril.
Solar contractor inland marine insurance covers your tools and equipment at your business, job sites, temporary locations, and in transit.