Insuranks
Insuranks

ATM Business Insurance: Cost & Quotes From $25/mo

For your best business protection and savings, we recommend bundling GL with some other important coverages on one Business Owners Policy!

For your best business protection and savings, we recommend bundling GL with some other important coverages on one Business Owners Policy!

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Table of contents
1. General Liability Insurance for ATM Businesses1.1. Coverage Limits for General Liability Insurance for ATM Businesses1.2. Add-Ons to General Liability Insurance for ATM Businesses2. Cyber Liability Insurance for ATM Businesses2.1. Coverage Limits for Cyber Liability Insurance for ATM Businesses2.2. Add-Ons for Cyber Liability Insurance for ATM Businesses3. Commercial Property Insurance for ATM Businesses3.1. Coverage Limits for Commercial Property Insurance for ATM Businesses 3.2. Add-Ons for Commercial Property Insurance for ATM Businesses4. Business Owner’s Policy for ATM Businesses4.1. Coverage Limits under This Policy4.2. Add-Ons for Business Owner’s Policy for ATM Business5. Tools and Equipment Insurance for ATM Businesses5.1. Coverage Limits for Tools and Equipment for ATM Businesses5.2. Add-Ons for Tools and Equipment Insurance for ATM Businesses6. Commercial Auto Insurance for ATM Businesses6.1. Coverage Limits for Commercial Auto Insurance for ATM Businesses6.2. Add-Ons for Commercial Auto Insurance for ATM Businesses7. Excess Liability Insurance for ATM Businesses7.1. Coverage Limits for Excess Liability Insurance for ATM Businesses8. Workers Compensation Insurance for ATM Businesses9. ATM Insurance Cost 10. Best ATM Business Insurance Companies10.1. NEXT ATM Business Insurance 10.1.1. Pros10.1.2. Cons10.2. CoverWallet ATM Business Insurance 10.2.1. Pros10.2.2. Cons10.3. The Hartford ATM Business Insurance 10.3.1. Pros10.3.2. Cons10.4. Tivly ATM Business Insurance 10.4.1. Pros10.4.2. Cons10.5. Thimble ATM Business Insurance 10.5.1. Pros10.5.2. Cons10.6. Hiscox ATM Business Insurance 10.6.1. Pros10.6.2. Cons

An ATM business can be profitable. People will always need some cash. And so, putting an ATM in a retail store, museum, or other high-traffic places can bring a stable source of side income.

Business licenses and permits check, business bank account check, business credit card check, but is your ATM business insurance checked before you open up your ATM business? Do you know which policies will best suit your ATM businesses? Are you aware of the most convenient and cost-effective ATM insurance companies? Here’s a guide that will answer all your question

General Liability Insurance for ATM Businesses


CoverWallet NEXT (Best)Thimble HiscoxThe Hartford
Per occurrence limit $1,000,000$1,000,000$1,000,000/$2,000,000$300,000/$1,000,000$1,000,000/$2,000,000
Aggregate limit $2,000,000$1,000,000/$2,000,000$1,000,000/$2,000,000$300,000/$2,000,000$1,000,000/$2,000,000
Products and completed operations aggregate limit $2,000,000
$1,000,000$1,000,000$1,000,000$1,000,000
Advertising injury coverage aggregate limit $1,000,000$1,000,000$1,000,000$1,000,000$1,000,000
Tenant’s legal liability coverage limit $100,000
$100,000$5,000$100,000$1,000,000
Waiver of subrogation included?YesNoIncludedCan be includedNo
Hired/non-owned auto liability coverage included?YesNoExcludedCan be includedCan be included
Equipment breakdown floater included?No YesYesCan be includedCan be included


This insurance policy protects your ATM business from the following claims serve to you by third-parties:

  • Personal and advertising injury–Libel, slander, false arrest, and copyright infringement are some of the claims covered under this atm liability insurance

  • Bodily injury and property damage liability–You are exempted from the legal liability of paying third-party liabilities to injured or affected individuals. Important to note that emotional or mental distress is also considered to be bodily injury and you can be liable to pay a third-party

  • Medical expenses–This protects you from paying the medical expenses of a non-employee who gets injured due to the use of your products or ATM services. Such medical expenses catered under this coverage include ambulance expenses, surgical interventions, and hospital visits or admissions


Coverage Limits for General Liability Insurance for ATM Businesses

Commonly, general liability insurance for ATM business will pay you approximately $1,000,000 for a single claim and $2,000,000 for all the claim notices you serve them with during the policy period, which is typically 1 year.


Add-Ons to General Liability Insurance for ATM Businesses

  • HNOA coverage–This can cover the cost of accidents caused by a vehicle you hired or borrowed to transport the ATM machines

  • Equipment coverage-This can cover the cost of replacing or repairing ATM machines that got damaged due to fire, theft, vandalism, and other covered perils


Cyber Liability Insurance for ATM Businesses

This business policy protects you from incurring expenses in the event your ATM businesses are a subject to a cyberattack leading to a data breach of your clients or employee’s information to the public. The insuring agreements under this essential ATM machine insurance are network security and privacy liability, network business interruption, media liability, and errors and omissions.


Coverage Limits for Cyber Liability Insurance for ATM Businesses

It’s usually from $1,000,000. The coverage limits under this policy depend on the size of your ATM business and the risks associated with operating it.



Add-Ons for Cyber Liability Insurance for ATM Businesses

  • Cyber extortion coverage–This add-on compensates you for any costs you might have incurred when dealing with or responding to a cyber extortion threat

  • Electronic funds transfer coverage–This add-on shields you from any financial consequence you may be subjected to in the event your clients lose their funds due to unauthorized electronic funds transfers made at your ATMs

  • Business interruption coverage–When you purchase this add-on you become eligible to be compensated for the loss of income in the event you are unable to operate your ATM businesses due to a cyberattack

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Commercial Property Insurance for ATM Businesses


CoverWalletNEXT (Best)ThimbleThe HartfordHiscox
Building coverage limit (minimum)$50,000$330,000$25,000/$500,000$60,000$25,000
Contents coverage limit (minimum)$50,000$35,000$25,000/$500,000$60,000$15,000
Outdoor signsExcluded$2,500ExcludedExcludedIncluded
Accounts receivable ExcludedExcluded$5,000/$10,000ExcludedIncluded
Money and securitiesExcluded$2,500$1,000ExcludedIncluded
Lock and keys Excluded$2,500ExcludedExcludedIncluded
Business interruption floaterExcludedIncludedIncludedExcludedIncluded
Equipment breakdown floaterExcludedIncludedExcludedExcludedIncluded
Inland marine insurance floaterExcludedExcluded$10,000ExcludedExcluded
Employee dishonesty floaterExcluded$5,000$2,500ExcludedExcluded


This is an ATM business insurance that protects your business assets which are your rented or owned commercial buildings, inventory, and related business structures such as garages, signages, office equipment, and furniture from losses caused by fire, vandalism, and theft. In the event your business assets are damaged by any of the insured perils, you are protected from incurring the costs of replacing or repairing them.

Just like any other policy, commercial property insurance for ATM businesses also has some coverage exclusions which are: damages resulting from floods, earthquakes, pests and insect infestations and acts of terrorism.



Coverage Limits for Commercial Property Insurance for ATM Businesses

How much an insurer will pay you in the event you issue them with a commercial property insurance claim notice will depend on the specific needs and risks associated with the running of your ATM business. However, you should expect to receive a sum of $300,000 to $1,000,000 as compensation.


Add-Ons for Commercial Property Insurance for ATM Businesses

  • Equipment breakdown insurance–This add-on protects you from incurring the costs of repairing or replacing your ATM machines in the event they stop functioning due to mechanical or electrical malfunctions

  • Crime coverage–This confers you with the immunity of footing the costs of repairing and replacing any damages on your ATMs or commercial building resulting from acts of crimes such as theft

  • Business interruption insurance–This add-on helps you regain your lost income in the event you are unable to keep your ATM businesses running due to the occurrence of an insured peril


Business Owner’s Policy for ATM Businesses


CoverWalletNEXT (Best)Thimble The HartfordHiscox
General liability aggregate limit $2,000,000$1,000,000/$2,000,000$1,000,000/$2,000,000$1,000,000/$2,000,000$300,000/$2,000,000
Commercial property coverage limit $50,000$330,000$25,000/$500,000$75,000$75,000
Optional policies can be added?YesYesYesYesYes
Name additional insureds for free?YesYesYesYesYes
BOP discount?YesYesYesYesYes


This business insurance merges ATM liability insurance, commercial property insurance, and business interruption insurance into one comprehensive and extensive policy. After purchasing this critically important ATM insurance, you are protected from incurring any costs arising from lawsuits, repairing and replacing damaged properties, loss of income due to business interruption, and paying up third-party medical expenses.


Coverage Limits under This Policy

Most insurers' coverage limit for the business owner’s policy ranges between $500,000 to $2,000,000. This limit is dependent on the exclusion and deductions as stated in the policy and the insurance company you purchase your BOP for ATM businesses.


Add-Ons for Business Owner’s Policy for ATM Business

  • Money insurance coverage–This add-on provides coverage for the cash inside your ATM(s) in the event it's stolen or vandalized following an act of crime

  • Cyber liability coverage–This add-on protects you from financial consequences arising from a cyberattack on your ATM business

  • Equipment breakdown coverage–This add-on helps compensate you for any losses caused by a mechanical or electrical malfunction of your ATM machines or any other equipment you used in running your business