Insurance Solutions by Industry
Insurance Solutions for Photovoltaic Installation Companies in Cyprus
Installing solar means working on someone else's property, at height and under time pressure. We help installation companies in Cyprus examine where responsibility actually lands.
The nature of the sector
Solar installation companies work on roofs and active sites, often around electrical systems. This creates risks for employees, subcontractors, customers and nearby property. Panels, tools and materials may be damaged or stolen before installation, while poor work can lead to leaks, electrical faults or reduced performance. Travel between sites and advice about system design may add further risks, depending on the services offered.
6 Insurance Areas Worth Considering
Every business is different. These are six insurance areas commonly worth considering in this industry, depending on the activities and how the business operates.
Construction / Erection All Risks (C.A.R. / E.A.R.)
Relates to damage during the construction or installation of a photovoltaic system, to the materials and equipment forming part of the project before completion and handover, subject to the policy terms.
Public Liability
Relates to legal liability for injury to third parties or damage to a client’s property or other third-party property that may arise while installation work is carried out.
Employers’ Liability
Relates to the employer’s legal liability for workplace accidents or occupational illnesses affecting employees, such as technicians and installation crews.
Professional Indemnity
Relates to claims arising from professional errors or omissions in design, planning, sizing or technical advice, where the business provides these services.
Tools & Equipment Insurance
Relates to damage to or loss of the tools and equipment the business uses to carry out installations, depending on the terms of the cover.
Goods / Equipment in Transit Insurance
Relates to loss of or damage to photovoltaic panels, equipment and materials while they are being transported to or from an installation site, depending on the terms of the cover.
Realistic examples
What could disrupt your business?
Damage to a client’s property during installation
During installation work, the client’s roof, building or other part of their property is accidentally damaged.
Employee injury during installation
A technician is injured while working on a roof or carrying out other photovoltaic installation work.
Theft of tools or equipment from the project
Tools, equipment or materials at the place where the installation is carried out are stolen.
Damage to photovoltaic equipment in transit
Photovoltaic panels or other equipment are damaged while being transported to the installation site.
Fire during installation works
A fire during the works damages the system being installed or the client’s property.
Design or installation error
An error in the design or installation of the photovoltaic system causes a problem with its operation, and the client brings a claim. This is relevant where the business actually undertakes design or related professional services.
These are illustrative examples to help explain risk. They are not statements about what any policy would or would not respond to — that always depends on the wording and the circumstances.
Our approach
Insurance starts with understanding your business.
We look at the type of projects you take on, whether you work at height, how technicians and subcontractors are engaged, what equipment you transport and whether you provide design or performance assurances. From there we identify the areas worth examining and what they would cost you financially.
This page is general information about the sector. It does not describe policy terms, conditions or exclusions, and it is not a recommendation.
- What the business does
- How it operates day to day
- Premises and equipment
- Employees and the people you rely on
- Customers, clients and visitors
- Professional responsibilities
- Operational dependencies
- Risks that could materially affect you
Vesta Needs Review
Not sure what your business needs?
Start with the Vesta Needs Review. Answer a few simple questions about your business and we will help identify the areas that may be worth reviewing.
Prefer to speak with us?
If you would rather talk it through, tell us a little about your business and we will come back to you. No lengthy forms at this stage.
Insights
