Property insurance can be arranged for declared business assets, subject to the policy schedule, insured events, conditions, exclusions and limits. Business interruption cover may respond to insured financial loss following covered damage when the policy requirements are met.

Commercial property for renewable energy businesses

Relevant assets may include offices, warehouses, stock, test equipment, tools, machinery, battery systems and solar equipment held at declared locations. A commercial operator may also need to consider how installed panels, inverters and batteries are described in its property programme.

Property information insurers may need

• Site addresses, construction, occupancy and protection features
• Values of buildings, contents, plant, equipment and stock
• Fire protection, electrical maintenance and battery details
• Peak stock values and goods held at third-party locations
• Business interruption basis, dependencies and indemnity period

Business interruption considerations

Business interruption cover is not a general guarantee of revenue. The insured event, policy trigger, declared figures, indemnity period, waiting period, limits and exclusions all affect the response. Some policies may consider additional or contingent exposures, subject to underwriting.

We can help present asset values, storage arrangements and operational dependencies to insurers and review applicable limits, deductibles and sublimits.

Questions about property cover

Are solar panels and batteries automatically covered?

Do not assume so. Ownership, location, values and equipment should be declared, and the schedule and policy terms checked.

Does business interruption cover lost generation or savings?

That depends on the policy basis and accepted exposure. A standard business interruption section may not cover every form of lost income or savings.

Arrange a review

Send the asset schedule, locations, declared values, current wording and details of the system or stock to be insured.