As large-scale photovoltaic (PV) solar sites expand around the globe, insurance underwriters along with site developers, investors, and owners are dealing with the uncertainty of potential catastrophic losses from major weather events; most notably, hail and associated high winds. Recent industry loss data for hail damage indicates an uptick in the frequency of attritional loss and emerging catastrophic losses in the tens of millions of dollars.
In this white paper you will learn about:
- Why solar trackers are critical components for hail risk management
- Best practices to mitigate hail and wind damage
- Insurance representatives’ perspective on hail risk
