The insurance costs for Solar Panel Installer varies based upon the amount of liability you need and the type of work you perform. It is not unusual that building owners require at least one million dollars in general liability insurance for solar panel installation contractors to get your foot in the door, in many cases that requirement can be much higher.
Commercial General Liability Insurance (CGL) is the focus of a slew of law suits. Accordingly, there are many things you need to know about securing a Commercial General Liability Insurance Policy for a Solar Panel Installation Contractor Operation. Although this coverage helps to protect you and your company’s assets by providing a layer of defense against several types of suits including negligence, there is a lot to know. That is what your Castle Rock Agent is here for. By covering the cost of defending or settling these claims and the award that may be handed down to the claimant, your Electrician’s General Liability Insurance policy can help you keep your business in business.
Physical harm to a person at your place of business, or an injury caused by your employee at a client’s site.
Losses after your business has completed work for a customer (such as repairing appliances or installing wiring), or from distributing products.
Damage to the reputation or rights of a person or business due to slander, libel, copyright infringement, invasion or privacy, false arrest, wrongful eviction, etc.
Losses caused by your advertising (spoken or written); for example, an ad that trashes a competitor.
Pays the medical expenses of a person injured on your premises (a customer, client, visitor, or even a trespasser) up to a stated amount, regardless of fault — as a goodwill gesture to prevent lawsuits.
Damage from the acts of an independent contractor hired by your business.
Insurance coverage for your solar panel installation tools, your inventory, equipment and even office equipment for your business.
For Solar Panel Installation Contractors the above insurance coverages are usually sufficient.
For GENERAL CONTRACTORS in New York, the one coverage typically NOT INCLUDED, but perhaps the MOST IMPORTANT is the following.
If you are a General Contractor and sub out Solar Panel Installation Work and Don’t Have it or never heard of it you need to call us immediately.
Financial losses of the claimant, plus additional monetary losses resulting from the claim. These included damages for bodily injury and property damage.
On-the-job injuries to employees Workers Compensation
Operating autos or trucks in your business Business Auto Policy
Coverage for tools, inventory or equipment, these can be added under a Property Insurance Policy or an Inland Marine Tool Floater.