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The Problem

Due to ever-better technology, PV plants are becoming more and more reliable. Yet material damage caused, for example, by

• theft, fire, lightning, sabotage, vandalism
• storms, hail, excess voltage
• construction errors, material defects, and
• installation faults

are often unavoidable.

A plant breakdown due to material damage can potentially lead to the failure of power generation. This can lead to the calculated annual returns not being achieved.

Furthermore, the operator can be burdened with potentially unforeseeable costs. Here are just some examples:

• relocation and protection costs
• damage detection costs
• clearing costs, decontamination costs, disposal costs, and
• internal breakdown costs

The operator should therefore have comprehensive insurance protection as part of an all‑risks policy for the total operating period, starting from the completion of the plant.

The Solution

In conjunction with our loss of earnings insurance policy, our all-risks cover offers financial compensation after damage to insured items.

For example, our concept offers protection against:

• volcanic eruptions
• earthquakes, excess voltage
• construction errors, material defects
• storms, hail, fire
• technological progress
• sufficient financial provisions, and
• waiver of underinsurance.

High initial risk sums for costs such as:

• internal operational damage to electronic components
• excavation works, masonry works and chasing works
• fire extinguishing costs
• clearing costs, decontamination costs and disposal costs, and
• movement and protection costs.

We also insure components such as:

• fencing, cabling
• foundations, supporting structures
• transformers, network feeding stations and underground cables.

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