Page 38 - Commercial - Underwriting Mandates & Guidelines Binder

4.13.4 4.13.5
Construction and testing of the solar power systems/installations before the project is handed over to the Insured
The Solar power system is not only made up of solar panels but can include inverters, batteries, electrical wiring and other peripherals.
Requirements for solar power systems that can be insured under the Commercial product offering:
• power generation must be for self-consumption only;
• Reinstatement value condition to apply (new for old) as obsolete parts/equipment will be replaced by similar yield and quality which is readily available in the market;
• to be specified as a separate item in the schedule (not to be included as part of the Buildings/Contents sum insured);
• the solar system must be securely attached to the building where the Insured is conducting their business (risk address to be noted on the schedule);
• buildings must be of standard construction only;
• installation requirements:
͵ Electrical Certificate of Compliance;
͵ compliance with the latest edition of SANS 10142-1 (Wiring);
͵ compliance with NRS097-2-1 (utility interface/inverter);
͵ compliance with other regulatory requirements (where applicable).
The solar power system warranty must be applied and noted on the policy schedule:
“Solar power system warranty
4.13.6
1.
It is a condition precedent to the Company’s liability, and it is warranted that the solar power system installed on the insured premises must comply with the following requirements:
1.1 the solar power system must be installed by an accredited electrical contractor as recognised by the Department of Labour;
1.2 installation must be accompanied by and comply with:
1.2.1 a valid Electrical Certificate of Compliance (CoC);
1.2.2 the latest edition of SANS 10142-1 (Wiring);
1.2.3 NRS 097-2-1 (utility interface/inverter);
1.2.4 any other regulatory requirements (where applicable);
1.2.5 relevant municipal by-laws;
1.3 the solar power system must be regularly maintained and kept in good working order;
1.4 the Insured’s staff must be educated and trained in the operation of such solar power system installed on the insured premises;
1.5 all bushes, grass, weeds and other flammables within a 5m (five metre) radius of the solar power system must be cleared and regularly maintained.
It is further noted and agreed that any consequential loss of any nature whatsoever arising from damage to the solar power system is hereby excluded.”
2.
Fire
COE/UMA
Hollard Construction and Engineering
Renewable energy risk
Renew Risk Africa
• Renewable energy projects covered from “cradle to grave” with a minimum project value of R250M
• Projects below R250M may be referred to Hollard Construction and Engineering and Hollard Corporate COEs
• Please refer to http://www.renewrisk.co.za/ for the full product suite
36
Commercial Underwriting Mandates and Guidelines – Binder – Version 4 2022