Insuranks
Insuranks

Electric Vehicle Charging Station Insurance: Cost & Quotes From $34/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 Electric Vehicle Charging Stations1.1. Coverage Limits for General Liability Insurance for Electric Vehicle Charging Stations1.2. Add-Ons for This Electric Vehicle Charging Station Insurance2. Product Liability Insurance for Electric Vehicle Charging Stations2.1. Coverage Limits for Product Liability Insurance for Electric Vehicle Charging Stations2.2. Add-Ons for Product Liability Insurance for Electric Vehicle Charging Stations3. Commercial Property Insurance for Electric Vehicle Charging Stations 3.1. Coverage Limits for Commercial Property Insurance for Electric Vehicle Charging Stations3.2. Add-Ons for Commercial Property Insurance for Electric Vehicle Charging Stations4. Business Owner’s Policy for Electric Vehicle Charging Stations4.1. Coverage Limits for Business Owner’s Policy for Electric Charging Stations4.2. Add-Ons for Business Owner’s Policy for Electric Charging Stations5. Tools and Equipment Insurance for Electric Vehicle Charging Stations5.1. Coverage Limits for Tools and Equipment Insurance for Electric Vehicle Charging Stations5.2. Add-Ons for Tools and Equipment Insurance for Electric Vehicle Charging Stations6. Commercial Auto Insurance for Electric Vehicle Charging Stations6.1. Coverage Limits for Commercial Auto Insurance for Electric Vehicle Charging Stations6.2. Add-Ons for Commercial Auto Insurance for Electric Vehicle Charging Stations7. Excess Liability Insurance for Electric Vehicle Charging Stations7.1. Coverage Limits for Excess Liability Insurance for Electric Charging Stations8. Workers Compensation Insurance for Electric Vehicle Charging Stations8.1. Coverage Limits for Workers Comp Insurance for Electric Vehicle Charging Stations8.2. Add-Ons for Workers Comp Insurance for Electric Vehicle Charging Stations9. Electric Vehicle Charging Station Insurance Cost10. Best Electric Vehicle Charging Station Insurance Companies10.1. NEXT Electric Vehicle Charging Station Insurance 10.1.1. Pros10.1.2. Cons10.2. CoverWallet Electric Vehicle Charging Station Insurance 10.2.1. Pros10.2.2. Cons10.3. The Hartford Electric Vehicle Charging Station Insurance 10.3.1. Pros10.3.2. Cons10.4. Tivly Electric Vehicle Charging Station Insurance 10.4.1. Pros10.4.2. Cons10.5. Thimble Electric Vehicle Charging Station Insurance 10.5.1. Pros10.5.2. Cons10.6. Hiscox Electric Vehicle Charging Station Insurance 10.6.1. Pros10.6.2. Cons

At least 500 to 1000 people sustain fatal electrical accidents. These electrical accidents are majorly caused by improper use of extension cords, lack of ground-fault protection, and lack of knowledge on how to use electrical appliances

The USA is going electric when it comes to automobiles. Many are now investing in an EV charging station business. But before you venture into this promising business industry, it would be wise if you acquaint yourself with the necessary precautions when it comes to safeguarding your EV charging station from unprecedented risks and losses. Read on to find out some of the electric vehicle charging station insurance policies that can be of great use to your business. And if you are wondering which add-ons you should add to these EV charger insurance policies to comprehensively provide coverage to your business, then worry not as we got you covered with in-depth answers.


General Liability Insurance for Electric Vehicle Charging Stations


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 business insurance policy protects your business from any financial consequences subjected to it in the event the use of products, services, or its operations causes third-party bodily injuries and property damages. 

Under this insurance policy, your EV charging station business is also protected from claims served to you by your competitors or other business entities, alleging that your business has caused them reputational harm or advertising injury.


Coverage Limits for General Liability Insurance for Electric Vehicle Charging Stations

It ranges from $1,000,000-$5,000,000. This coverage limit is dependent on the size, location, and approximate number of clients your EV charging station serves in a day.


Add-Ons for This Electric Vehicle Charging Station Insurance

  • Pollution liability insurance–This add-on provides you with financial aid in the event your EV charging stations cause gradual or sudden environmental degradation

  • Cyber liability coverage–If you record and store your EV charging stations’ customer data online, then we recommend that you purchase this add-on as you may use it in the event your EV charging stations’ network gets compromised following a cyberattack. Cyber liability insurance can be used to cover legal expenses, customer notification expenses, credit monitoring, and other related costs


Product Liability Insurance for Electric Vehicle Charging Stations

This EV charger insurance policy is a type of business insurance that protects you from third-party bodily injury and property damage liabilities that are caused by the use of a defective product that you sell, distribute, or manufacture. The costs covered under this policy include legal expenses and medical expenses.

In the event that the use of your product causes premature death to a third party, this policy will compensate the deceased’s named beneficiaries. It is important to note that your product recall costs and your employee's injuries following the use of your product are not covered under this policy.


Coverage Limits for Product Liability Insurance for Electric Vehicle Charging Stations

It’s approximately $1,000,000-$10,000,000. The maximum amount an insurer will pay you under this EV charger insurance policy depends on your claims history, the risks associated with the use of the product you deal in, the location of your EV charging stations, and your business's annual revenue.


Add-Ons for Product Liability Insurance for Electric Vehicle Charging Stations

  • Product recall insurance–This add-on exempts you from any financial losses in the event that you are ordered by your state’s law to recall the product you sell or manufacture from the market. Some of the costs covered under this add-on include costs of notifying your customers and disposing of your faulty or defective products

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