We’re always looking for fresh and innovative ways to power our electrical needs, and solar panels can do just that. Solar power soared worldwide last year by 50% and are said to continue their rapid growth in popularity.
If you’ve recently had them installed, have you thought of the potential risks that could occur, and does your insurance cover you?
Roof structure. Roofs are designed to support a weight guideline and the added weight of both the panels and other elements such as snow or heavy wind can cause structural damage to your roof, resulting in a lasting and damaging effect. Have you checked your Building Insurance to see whether you’re covered for structural damage?
Natural elements. If installed incorrectly, natural elements such as rain, snow and high winds can damage the panels and can either detach the panels from your roof, or can cause leaks due to gaps in the structure. This could affect the long term running of your business if your Business Interruption Insurance doesn’t cover you. Do you know if it does?
Fire hazards. If your solar panels do not have the appropriate safeguards, then electrically charged parts can create sparks and eventually lead to fires. This can also be caused if the panels are not installed correctly as gaps in the system create a space for heat to become trapped, allowing it to spread more quickly.
The insulation in your roof will also aid in spreading a fire, making it more difficult to extinguish. The longer a fire burns, the more damage that is done, leading to longer repairs and effecting the long term running of your business. Unless your insurance covers you. Does yours?
It’s important to inform your insurance company if you adopt any new technologies that could affect the risks posed to your business.
Don’t leave it until your renewal. If you aren’t covered, the impact on your business could be huge.
Take a fresh look. Speak to us about a complimentary insurance review for your business, at any point in your insurance cycle, to discuss your risks and allow us to check if your insurance covers you adequately, then please call us today on 01476 434050 or email firstname.lastname@example.org.