Table of contents
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.Â
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
| CoverWallet | NEXT (Best) | Thimble | Hiscox | The 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? | Yes | No | Included | Can be included | No |
| Hired/non-owned auto liability coverage included? | Yes | No | Excluded | Can be included | Can be included |
| Equipment breakdown floater included? | No | Yes | Yes | Can be included | Can 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
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.
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
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.
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.
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
Get all the best quotes from leading providers in a click of a button!
| CoverWallet | NEXT (Best) | Thimble | The Hartford | Hiscox | |
|---|---|---|---|---|---|
| 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 signs | Excluded | $2,500 | Excluded | Excluded | Included |
| Accounts receivable | Excluded | Excluded | $5,000/$10,000 | Excluded | Included |
| Money and securities | Excluded | $2,500 | $1,000 | Excluded | Included |
| Lock and keys | Excluded | $2,500 | Excluded | Excluded | Included |
| Business interruption floater | Excluded | Included | Included | Excluded | Included |
| Equipment breakdown floater | Excluded | Included | Excluded | Excluded | Included |
| Inland marine insurance floater | Excluded | Excluded | $10,000 | Excluded | Excluded |
| Employee dishonesty floater | Excluded | $5,000 | $2,500 | Excluded | Excluded |
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.
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.
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
| CoverWallet | NEXT (Best) | Thimble | The Hartford | Hiscox | |
|---|---|---|---|---|---|
| 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? | Yes | Yes | Yes | Yes | Yes |
| Name additional insureds for free? | Yes | Yes | Yes | Yes | Yes |
| BOP discount? | Yes | Yes | Yes | Yes | Yes |
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.
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.
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
_-a_r_SuwC.png?updatedAt=1698416223703)
| NEXT | Thimble | Hiscox | The Hartford | |
|---|---|---|---|---|
| Aggregate limit | $3,000/$10,000 | $2,500/$5,000 | $15,000/$25,000 | $5,000-$10,000 |
| Covers hired and borrowed equipment? | $3,000/$10,000 | $2,500/$5,000 | No | Yes |
| Miscellaneous equipment also covered? | $5,000/$10,000 | No | Yes | Yes |
| Offered as an endorsement to general liability insurance? | Yes | Yes | Yes | Yes |
| Deductible | $500 | $500 | $0 | $0 |
It’s also referred to as equipment insurance for ATM businesses. This is an ATM insurance policy that is designed to protect you from incurring the costs of replacing and repairing the tools and equipment you use in the running of your business in the event they get stolen, lost, or accidentally damaged while in transit or when they are being used.
The coverage limit under this policy is directly dependent on the type of tool and equipment being insured, its total value, and the risks involved.
Transit coverage–This is an essential add-on to your business as it provides you with coverage in the event your ATMs or any other machines or equipment get damaged or lost during their transportation
Flood coverage–Its vital that you purchase this add-on if your ATM businesses are located in areas or states that are prone to floods as it protects you from any financial losses
This policy protects you from paying up medical expenses (for yourself and the passengers in the damaged vehicle) and repairing damaged property following an accident caused by your business car while performing business activities.
It also helps you offset any costs of repairing your vehicle in the event it’s damaged by fire, vandalism or after it has collided with another object or with an uninsured motorist.
If you own vehicles that transport employees or carry tools and equipment that are used to run your ATM business then it’s advisable that you purchase this ATM insurance policy.
The coverage limits under this policy vary among different insurers. It is also determined by the exclusions and deductions as defined in this policy. Typically, your insurer will pay you approximately $100,000 to $1,000,000 for bodily injuries liabilities and $50,000 to $1,000,000 for property damage liability
Hired auto coverage–This add-on protects you from paying up the costs of repairing or replacing a hired or leased vehicle that has been damaged during the operations of your ATM businesses
Medical payments coverage–This commercial auto insurance add-on protects you from incurring medical expenses or costs to passengers who get injured by your insured vehicle that was being used to conduct your ATM businesses operations
This is an insurance policy designed to help you offset any costs resulting from insured claims in the event your underlying liability limits from your other primary insurance policies become exhausted.
For instance, if your commercial vehicle has been involved in a car accident and the available coverage limit is $5,000,000 and you are sued for $7,000,000, your excess liability insurance will help you offset the $2,000,000 deficit that’s not covered by your commercial auto insurance for ATM businesses.
It ranges between $1,000,000 to $10,000,000. This coverage limit is determined by the number of ATMs you own, the risks associated with the use of the insured ATMs, and the size of your ATM business.
This ATM insurance policy protects you from paying lost wages, medical expenses, ongoing care expenses, and death benefits to your employees in the event they get work-related injuries or sicknesses. Your employees will be paid regardless of who is at fault. Most states mandate that employers purchase this policy.
| Cost per Month | Cost per Year | Best for | |
|---|---|---|---|
| General liability insurance | $50 | $600 | $0-$500 |
| Cyber liability insurance | $55 | $660 | $500-$1,000 |
| Excess liability insurance | $62 | $744 | $500-$1,000 |
| Commercial property insurance | $80 | $960 | $1,000-$2,000 |
| Business owner’s policy | $130 | $1,560 | $500-$1,000 |
| Workers compensation insurance | $145 | $1,740 | $500-$1,000 |
| Tools and equipment insurance | $56 | $672 | $500-$1,000 |
| Commercial auto insurance | $82 | $984 | $500-$1,000 |
The average ATM insurance cost is $50 per month or $600 per year for a $1 million general liability coverage. Factors that affect the cost of premiums are claims history, business history, deductibles, policy limits, and revenues. Below is a summarized table outlining the cost of a $1 million coverage from the best ATM liability insurance companies:
 Â
| Cost per Month | Cost per Year | Best for | |
|---|---|---|---|
| NEXT | $26 | $312 | Best overall; Fastest general liability insurance for ATM businesses |
| CoverWallet | $29 | $348 | Comparing ATM business insurance quotes online |
| The Hartford | $31 | $372 | Fast claims process |
| Tivly | $34 | $408 | Comparing ATM machine insurance quotes over the phone |
| Thimble | $36 | $432 | Temporary or short-term ATM business insurance |
| Hiscox | $39 | $468 | ATM businesses owners who have high-value machines and other work-related assets |
Get all the best quotes from leading providers in a click of a button!
Here are some of the best ATM business insurance companies. Read some of the reviews below to know their pros, cons, and average rate for a $1 million general liability insurance.Â
Best overall
Issues an online proof of insurance instantly
Fastest general liability insurance for ATM businesses
Great customer service and reputation
Excellent rates
Outstanding value for money
Get a 10% discount if you buy two or more policies
Couldn’t find any
AM Best has rated NEXT as an A- insurance company. This digitally operated and managed insurance provider sells its bundled insurance policies at a 10% discount. Some of the ATM insurance policies that it underwrites to its policyholders are: commercial auto insurance, general liability insurance, commercial property insurance, and workers compensation insurance.
Best for: Best overall; Fastest general liability insurance for ATM businesses
Average cost: $26 per monthÂ
Our rating: 10/10
You can apply for FREE quotes any day of the week
Its licensed insurance advisers can provide you with solid ATM insurance advise
It’s possible to purchase and manage your policies digitally
It’s yet to underwrite its insurance policy
CoverWallet is a digital insurance broker that helps ATM business owners to purchase and manage all their insurance coverages under one location. This B rated fast-thinking insurer has partnered with over 29 insurers to provide its clientele with the following ATM policies: Cyber liability insurance, commercial auto insurance, workers’ comp insurance, commercial property insurance and general liability insurance.
Best for: Comparing ATM business insurance quotes onlineÂ
Average cost: $29 per monthÂ
Our rating: 10/10
Excellent customer service
It also provides financial services to its clientele
 It has a mobile app that you can use for claims reporting
It’s not the best commercial auto insurance company
This 200-year-old insurance company not only deals with insurance policies but it also provides financial services to its clientele. The Hartford provides its easy to apply and claim insurance polices to all the 50 states of the USA. Some of the ATM insurance policies this A+ AM Best and BBB rated insurance company sells are; Commercial auto insurance, workers comp insurance and commercial property insurance.
Best for: Fast claims process
Average cost: $31 per month
Our rating: 10/10
Fast and efficient quotation process
Deals with multiple ATM insurance policies
 Ideal for matching you with ATM insurance policies that suit your needs
Up to date its yet to develop a mobile app
Tivly has been rated as an A+ insurance agency by the AM Best. This premium insurance company helps ATM businesses owners find the best ATM insurance policies that suit their needs in a cost-effective and time saving manner. General liability insurance, commercial auto insurance, business owners policy and workers comp insurance are some of the insurance coverages Tivly provides to its clientele. Call now to compare quotes over the phone.Â
Best for: Comparing ATM machine insurance quotes over the phone
Average cost: $34 per month
Our rating: 9/10
You can purchase short-term ATM insurance policies at an affordable price
You can purchase Thimble policies online
It provides you with speedy insurance quotations
You can’t reach customer service by calling
Thimble is an A rated insurance agent that doesn’t underwrite its policies. It’s backed up by the Markel insurance company. Some of the ATM insurance policies it deals with are tools and equipment insurance, commercial property insurance, general liability insurance, workers comp insurance and business owners policy.
Best for: Temporary or short-term ATM business insurance
Average cost: $36 per monthÂ
Our rating: 8/10
You can use a mobile app to report insurance claims
You can buy your ATM insurance policies at a discount
Its website is simple to use
 It has yet to provide its coverage to Alaska
Hiscox is an A+ rated insurance company that was established in 1901. Some of the ATM insurance policy this financially stable and independent insurance company sells are geeneral liability insurance, workers comp insurance, business owner’s policy, and commercial auto liability.Â
Best for: ATM businesses owners who have high-value machines and other work-related assets
Average cost: $39 per monthÂ
Our rating: 8/10
10 / 10
For me this company has proven to be the best to do business with and worth my hard earned money. Contractors this is your company look no further.
7.7 / 10
Decent experience with Hiscox business insurance
10 / 10
Good company. Good and knowledgable customer service. If they don't know something they will pass you on to a more experienced rep that is more knowledgable. So far so good.
10 / 10
Best insurance ever
10 / 10
Coolest concept, I wish this was applied to other insurance products too.
9.4 / 10
Fastest ever online insurance quote and purchase! Also, great rates and professional customer reps that helps with whatever you need, if you need. Nice company!
2.8 / 10
Embroker sells a product that it doesn't honor. We purchased a combination D&O and EPLI policy. However, when it came to renewal, it told us that we only had D&O coverage even through our ACCORD certificate clearly mentions we have both. Basically they refused to honor the EPLI coverage and will leave you hanging with the bag. At time of renewal, they more than doubled our quote to get similar coverage. Basically BAIT & SWITCH. Unacceptable tactics. Easy to buy and pay but you may not be... Read More
2.8 / 10
Great platform. Terrible policy. There is no teeth behind it. No coverage. It's a fake policy that they sell. Sold us an EPLI policy that later we came to find out had no EPLI coverage. Amazing that they can get away with outright fraud. Check the positive reviews. They are all 'Anonymous' posted by Emroker staff. Stay away and find a real policy that will actually provide you coverage. We've been bitten by them and hope to find restitution via a lawsuit.
Paul Burns Insuranker
Policy Type: Business Insurance
Company name: Berkshire Hathaway GUARD Insurance Companies
0 / 10
It has been 70 days since I made a claim on the roof of my building. No one from the company will return calls. We are in hurricane season and located in Louisiana. My building is tarped to secure it.
Felicia Broadus Insuranker
Policy Type: Business Insurance
Company name: Berkshire Hathaway GUARD Insurance Companies
0 / 10
They are the worst, my truck was hit in January 23 and the claim adjuster has not been out to this very day! They have every excuse in the book as to why. They have not been to the collision shop. PLEASE AVOID THESE SCAM ARTIST!
Felicia Broadus Insuranker
Policy Type: Business Insurance
Company name: Berkshire Hathaway GUARD Insurance Companies
0 / 10
Avoid these SCAM ARTISTS! They don’t pay claims!!! Save yourself the trouble and money!
Kasey Arey Insuranker
Policy Type: Business Insurance
Company name: Berkshire Hathaway GUARD Insurance Companies
0 / 10
This company gives you a price that was in place for a year and when you have to use it there is fine print were they can go back and charge you more. Would not recommend them to any one. Crooks
John Murphy Insuranker
Policy Type: Business Insurance
Company name: Berkshire Hathaway GUARD Insurance Companies
0 / 10
Worst insurance comapny I have ever dealt with. A commercial vehicle represented by GUARD t boned my wife and daughters family vehicle in the middle of the day. Driver was cited and insurance claim insued. Fast forward 4 months and refusal of full amount of claim is still happening. Driver was found guilty, repairs started on my vehicle and when it comes to the final bill and diminished value we cannot get any help. I am out a family car, have an injured and traumatized wife and children,... Read More
Harshadray Patel Insuranker
Policy Type: Business Insurance
Company name: Berkshire Hathaway GUARD Insurance Companies
0 / 10
Extremely bad service, when you call , will make you wait on the phone for ever (over an Hour) and still no one to answer , so you end up hanging up. To cancel the policy, bounce you from one department to the other. They are supposed to refund from the date other insurance started and after sending the proof of other insurance policy, still they did not refund based on that actual date instead they use the date i managed to get hold of them. They charged me $7000.00 for a year's insurance on... Read More
Aaron Wensel Insuranker
Policy Type: Business Insurance
Company name: Berkshire Hathaway GUARD Insurance Companies
0 / 10
Guard Insurance is terrible. They were so bad I cancelled them because them couldn't figure out why I would never get a paper copy of the bill . Verified my address with them and still intermittent billing. I cancelled them in March through my local broker. Today 6/27 I get a letter in the mail from a collections company saying I owe 87.97. This was the first myself or my broker heard of owing this money. Here is some advice for this failure of a company send me a god damn bill and I will pay.... Read More
Michael Swink Insuranker
Policy Type: Business Insurance
Company name: Berkshire Hathaway GUARD Insurance Companies
0 / 10
My employer had to have workers compensation by law. He obtained a policy through this Berkshire Hathaway GUARD and they failed me. I fell from a ladder and fractured my spine in 7 different places, my clavicle in 4 places, and the base of my skull. Going to my Dr visits I was prescribed medication for pain and the insurance company placed a pre-authorization hold on me picking up the medication from Walgreens. The hold lasted 5 days! My weekly benefits have never been on time, right now... Read More
10 / 10
Liberty Mutual is one of the more simple companies to deal with. I had to file a claim for my business owner policy after I caught one of my employees stealing a large amount of products from my business. Liberty mutual paid the claim fast and with no efforts. I wish the legal process was as easy…
10 / 10
For me this company has proven to be the best to do business with and worth my hard earned money. Contractors this is your company look no further.
7.7 / 10
Decent experience with Hiscox business insurance
9.4 / 10
Very pleased with Hiscox - their small business insurance rates are very good and they specialize in small business which gives me a peace of mind as a small business owner. So far so good!
10 / 10
Their customer service is absolutely fantastic. Very patient, knowledgable and provided excellent explanation of the purchased policy. I would highly recommend this insurance company to anyone that's looking to protect their business from unexpected expense. Thank you Hiscox for doing a great job for my business!
0.6 / 10
STAY AWAY! I wouldn't recommend hiscox small business liability insurance to anyone. Better not waste both your money and your time. Hiscox customer service is extremely unpleasant, not organized and not professional. It is the worst company we have dealt with in almost 25 years in business!
10 / 10
Good company. Good and knowledgable customer service. If they don't know something they will pass you on to a more experienced rep that is more knowledgable. So far so good.
10 / 10
Extremely fast and simple. Wasted a lot of time and money until I found these guys! I feel like my business is in good hands now.
10 / 10
Hiscox's the best! My business is insured with them for over 12 years and am not planning to switch!
10 / 10
Excellent experience with Hiscox BOP for my coffee shop. They provided all it needed.
10 / 10
My HI barbershop is well covered with their great BOP product for 5 years already! not planning to switch!
10 / 10
Best insurance ever
10 / 10
Coolest concept, I wish this was applied to other insurance products too.
10 / 10
Great experience
6 / 10
Didn't relate to the concept much, but it makes sense if you need insurance to go
0 / 10
It doesn't really feel sustainable to me and doesn't offer business interruption, product liability and commercial property insurance. They have no local agents and despite their technology first approach you cannot file claims online. Additionally, product manufacturers are not covered by Thimble and they don't provide enterprise solutions.
10 / 10
As a contractor that works 3 times a week for a few hours, Thimble gets really handy for me and saves me money. I have no use for these massive business insurance coverages offered by traditional insurance companies.
10 / 10
Excellent concept which is useful to many small businesses!
10 / 10
Been waiting for this type of solution for a long time!
10 / 10
Love their business insurance solutions for freelancers! Great app!
Not all those who wander are lost.
Disclosure: Insuranks.com is an independent educational comparison service and an advertising-supported publisher. Some of the companies/offers that appear on the website are from our partners which we may receive compensation from. This may influence which companies/offers we write about and where and how it appears on the site. However, this does not impact our assessments. We solely highlight companies, products, and offers that can help you make smarter insurance decisions.
