How worried should I be about output clipping?

Sometimes when playing some of the presets ive made, I notice the red light come on the output clip of the front panel.

This most often happens when I'm playing on the fat 5th or 6th strings at lower frets especially when I palm mute a note or chord.

But its not something that happens all the time, its hard to replicate, sometime I mute a low note and it happens, other times it don't.

Is this something I need to fix? Is it going to cause a bad recording if I try to record and this occurs?

How do I fix it? Is it a matter of lowering the output level or do I need to lower master volume or do I need to decrease the bass eq?

Should this red light absolutely never come on when playing? Because it doesn't come on a lot but just sometimes.
 
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