Insurance for Solar Energy & Repair Services

Business Owners Policy (Bop)

A business owners insurance policy lets you add specific types of commercial insurance protection based on the needs and design of your company. It includes general liability and provides you a selection of property and asset protection options as well.

• Equipment Breakdown – A BOP can help cover the costs associated with important equipment failures. For example, if the heating or cooling unit in your public show room malfunctions, a BOP can cover the repair costs so that you don’t have to.
• Buildings and Contents – When your retail space or the storage building for your solar equipment is damaged in a storm, your BOP can take care of the repair costs. The policy covers buildings and structures, external improvements such as a fence around your storage yard, and the contents inside of your buildings such as office equipment or inventory.
• Business Income and Extra Expense – If unexpected events or disasters cause you to have to close your business temporarily, a BOP can provide for your lost income. If you temporarily relocate your business while waiting for repairs, the BOP can also cover those temporary extra expenses.
• Products and Completed Operations (Included in General Liability) – The solar panels, controller, regulator, wiring or other products that you provide customers as part of their solar installation can sometimes be defective. Likewise there is a small risk that after you complete the installation or repair, problems will arise that cause damages or injuries. Your BOP can be configured to protect you from the associated liabilities.
• Electronic Data – If you keep customer records, warranties, installation schedules and similar important data electronically, losing them to a computer virus or power surge can be expensive.
• Valuable Papers Protection – If your company is entrusted with a client’s original house blueprints so that you can design their solar panel installation, you need to protect yourself from the potential loss of those and other valuable files.
• Employee Dishonesty Coverage – A BOP can protect your company from dishonest actions by employees. For example, an employee may take solar products home to use personally or they may give materials to their family and friends. Theft of this sort and other dishonest actions can cost your company a lot of money each year.