BXD15A red lights

Hello, I have purchased a Bugera 15BXDA bass amp and have some questions about the lights. 

I use a lot of fuzz and distortion on my bass and the the red clip light keeps flashing. Can that damage my amp and what can I do to remedy that issue?

Also, the orange light that circles the volume knob turns red. Why does it do that and what can I do to address that issue?


Thank you