Robotics Insurance: Cost & Quotes From $30/mo

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The industrial robots you installed in a food manufacturing facility might malfunction and cause financial losses. A person visiting your workshop or office might slip and sustain injuries. Your assistants might even get careless and electrocute themselves while testing a robot. 

Consider purchasing insurance as a robotics engineer. Robotics insurance consists of policies that guard against liability claims, property damage, workplace injuries, and other risks. Read to know the inclusions, the cost of premiums, and the best companies. 

General Liability Insurance for Robotic Engineers

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
Can you get a certificate of insurance online? Yes Yes Yes Yes Yes
Name additional insureds? Yes Yes Yes Yes Yes
Deductible $0 $0 $0 $0 $0


General liability policy is an inclusion in robotics insurance that protects your business from third-party liability claims focused on injuries and property damage. Some examples of coverage include:

  • Your robotics service harms a customer, and they sue for medical costs

  • A client falls while visiting your robotics lab and damages their spinal column

Add-Ons to General Liability Insurance for Robotic Engineers

  • Participant accident–Covers clients and participants in robotic demonstrations if they get accidentally injured or experience an unexpected death

  • Excess liability–Adds additional protection so you can get coverage beyond your policy’s typical coverage limits

Coverage Limits of General Liability Insurance for Robotic Engineers

Your general liability policy often has a coverage limit of $1 million per occurrence and $2 million in aggregate.


Can General Liability Insurance Help With Reputational Harm?

Yes, many general liability policies can help you with a claim of reputational harm. For example, your robotics business might say a defamatory statement in an interview that hurts someone’s reputation.


Professional Liability Insurance for Robotic Engineers  

CoverWallet  NEXT Thimble (Best) Hiscox The Hartford
Per occurrence limit  $1,000,000 $1,000,000 $1,000,000/$2,000,000 $1,000,000 $1,000,000
Aggregate limit  $2,000,000 $2,000,000 $1,000,000/$2,000,000 $1,000,000 $2,000,000
Name additional insureds? Yes Yes Yes Yes Yes
Waiver of subrogation included? Yes No Yes Can be included No


Professional liability insurance protects your business from breach of confidentiality, breach of contract, inaccurate advice, and negligence claims. You purchase this as an occurrence or claims policy. Professional liability insurance covers defense costs, settlements, and judgments. 

Add-Ons to Professional Liability Insurance for Robotic Engineers

  • Extended reporting–You can file claims after your policy expires

  • Prior acts–This lets you file claims for incidents before your current professional liability policy took effect

Coverage Limits of Professional Liability Insurance for Robotic Engineers

A typical professional liability insurance coverage limit is $1 million per occurrence and $1 million in aggregate.


If A Lawsuit Has No Basis, Do I Still Need Professional Liability Insurance?

Yes, even if you are subjected to a frivolous lawsuit, you will still want professional liability insurance. This is because lawyer and court fees can easily add up and result in significant financial losses.

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Commercial Property Insurance for Robotic Engineers

CoverWallet NEXT (Best) Thimble Hiscox The Hartford
Building coverage limit (minimum) $50,000 $260,000 $25,000/$500,000 $25,000 $60,000
Contents coverage limit (minimum) $50,000 $22,000 $25,000/$500,000 $25,000 $60,000
Outdoor signs Excluded $2,500 Excluded Excluded Excluded
Accounts receivable  Excluded Excluded $5,000/10,000 Included Excluded
Money and securities Excluded $2,500 $1,000 Included Excluded
Lock and keys  Excluded $2,500 Excluded Excluded Excluded
Business interruption floater Excluded Included Included Included Excluded
Equipment breakdown floater Excluded Included Excluded Excluded Excluded
Inland marine insurance floater Excluded Excluded $10,000 Excluded Excluded
Employee dishonesty floater Excluded $5,000 $2,500 Included Excluded


Commercial property insurance protects your business building and property from physically damaging events. Some coverage examples include:

  • Your robotics workshop catches fire due to an electrical issue

  • Someone steals some of your property from your building

Add-Ons to Commercial Property  Insurance for Robotic Engineers

  • Flood insurance–Protects your business property in the event of rising flood waters. Many standard commercial property policies will exclude flood coverage

  • Business interruption–Helps protect business income, relocation costs, and loan payments if your business operations are interrupted by a covered peril 

Coverage Limits of Commercial Property Insurance for Robotic Engineers

Your commercial property insurance will provide about $50,000 in coverage for your building and $50,000 for your business property.


Do Robotic Engineers Need Commercial Property Insurance?

Yes, robotic engineers must often insure their tools, materials, supplies, and buildings from catastrophic damage. Robotics engineers will need space to design prototypes, maintain software, and build and test machines. You will want this protection to mitigate the risks of replacing valuable equipment you need for your business.


A few robotics robots are lined up on a shelf.


Business Owner’s Policy for Robotic Engineers    

CoverWallet Thimble (Best) NEXT  Hiscox The Hartford
General liability aggregate limit  $2,000,000 $2,000,000 $2,000,000 $300,000 $1,000,000/$2,000,000
Commercial property coverage limit  $50,000 $500,000 $260,000 $25,000 $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


A business owner’s policy coombines for general liability and commercial property insurance. You can also add additional coverages to your business owner’s policy. Examples of situations to get coverage will include:

  • A customer injures themselves and your property while on the premises of your business building

  • Someone breaks the windows of your office and causes other damage to your commercial building

Add-Ons to Business Owner’s Policy for Robotic Engineers

  • Cyber liability–Covers damage to your robotics business when it becomes the target of a cyber-attack, data breach, or internet threat

  • Commercial crime–Protects your business from the results of employee theft or fraud that damages your business

Coverage Limits of Business Owner’s Policy for Robotic Engineers

Your BOP has around $1 million in general liability protection and $20,000 or more in commercial property coverage.


Tools and Equipment Insurance for Robotic Engineers

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


You will use tools and equipment insurance to protect the various equipment from damage even while using them away from your commercial building. Example coverage includes:

  • While traveling to a robotics demonstration, one of your vital equipment pieces gets stolen

  • A fire or lightning cause irreparable damage to a tool you utilize in your work

Add-Ons to Tools and Equipment Insurance for Robotic Engineers

  • Equipment breakdown coverage–Insures your tools and equipment against internal forces of damage like mechanical breakdowns and incidents caused by power surges

  • Installation floater–Covers materials and commercial equipment when transported or installed at one of your job sites

Coverage Limits of Tools and Equipment Insurance for Robotic Engineers

Tools and equipment insurance will offer $5,000 and $20,000 of coverage for each item. 


Where is My Equipment Covered Under Tools and Equipment Insurance?

Your tools and equipment are covered while at your business property or office and when it is used away from these premises within your policies coverage territory. Equipment is often covered in instances of breakage, damage, theft, fire, and more.


Commercial Auto Insurance for Robotic Engineers     

Commercial auto insurance is a policy that applies liability and physical damage coverage for your business vehicles. Some times to utilize this insurance includes situations like:

  • While driving to a robotic demonstration, your business vehicle collides with another vehicle on the road

  • Some break your business vehicle’s windows in an act of vandalism

Commercial auto insurance is comprised of many components, but the most common ones are outlined below.

  • Auto liability–Protects you against liability claims related to your business vehicle

  • Collision–Covers the cost to repair your vehicle when it gets damaged in road collision incidents

  • Comprehensive–Comprehensive coverage covers virtually all other physical damage to your vehicle, like vandalism, theft, and fire damage

Add-Ons to Commercial Auto Insurance for Robotic Engineers

  • Uninsured/underinsured motorist–Helps compensate for the coverage gap left by another driver’s insufficient insurance to cover your medical expenses or repair your vehicle

  • Rental reimbursement–Pays you for using rental cars or public transportation while your vehicle is being repaired or replaced

Coverage Limits of Commercial Auto Insurance for Robotic Engineers

Liability coverage of commercial auto policies will be around $100,000 to start with, but getting at least $500,000 to $1 million in total coverage is recommended to be safe.


Is My Commercial Auto Insurance Tax Deductible?

Yes, often, your commercial auto insurance will be tax-deductible. This allows you to reduce the money you pay on your taxes when using vehicles for business use. You may also deduct other related items from business expenses like depreciation, gas, renting, tires, registration fees, and lease payments.


Workers Compensation Insurance for Robotic Engineers    

Workers’ compensation is an insurance policy that protects injured or sick employees. It mainly covers wages and medical costs. Employees who are injured or get sick from their work duties will receive coverage. Examples of situations include:

  • An exhausted worker makes a mistake on a project that causes them to injure their hand

  • One of your employees falls and hurts their back. This injury requires surgery and causes them to miss work

Do Workers’ Compensation Policies Consider Work-Related Stress a Disability?

Suppose your stress levels affect your ability to carry out your regular duties. In that case, this can be included under workers comp coverage. Mental causes of disability can be harder to prove. You need a review by the insurer, which can reject your claim if it is insufficient.


What Affects the Cost of Workers Comp Insurance?

Several factors influence workers comp premiums. Insurers calculate the cost of workers comp by examining the risk of the industry and the work your workers do. A National Council on Compensation Insurance code determines this. They then apply a modifier based on your previous claims history. After that, they apply another modifier based on your payroll costs to get a final result of a premium.


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Robotics  Insurance Cost

Cost per Month Cost per Year Deductible
General liability insurance $30 $360 $0-$500
Professional liability insurance $40 $480 $500-$1,000
Commercial property insurance $50 $600 $1,000-$2,000
Business owner’s policy $80 $960 $1,500
Tools and equipment insurance $33 $396 $500-$1,000
Commercial auto insurance $44 $528 $500-$1,000
Workers compensation insurance $473 $5,676 $2,500-$5,000


The average robotics insurance cost is $30 per month or $360 per year for a $1 million general liability coverage. Factors that affect premiums are claims history, business history, policy limits, deductibles, number of employees, location, and annual revenues. Here’s a table showing the cost of a $1 million general liability policy from the best robotics insurance companies:

Cost per Month Cost per Year Best for
NEXT $16 $192 Best overall; Fastest general liability insurance for robotics engineers
The Hartford $18 $216 Workers compensation insurance for robotics engineers
CoverWallet $20 $240 Comparing robotics insurance quotes online
Tivly $23 $276 Comparing robotics engineer insurance quotes over the phone
Thimble $25 $300 On-demand coverage for robotics engineers
Hiscox $28 $336 Worldwide coverage for robotics engineers

Compare Cheap Robotics Insurance Quotes Online

Get all the best quotes from leading providers in a click of a button!

Best Robotics Insurance Companies

Here are the best robotics insurance companies to consider working with. Read some of the reviews below to know their pros, cons, and average rate for a $1 million general liability insurance. 


NEXT Robotics Insurance

Pros 

  • Best overall

  • Issues an online proof of insurance instantly

  • Fastest general liability insurance for robotics engineers

  • Great customer service and reputation

  • Excellent rates

  • Outstanding value for money

  • Get a 10% discount if you buy two or more policies 

Cons 

  • Couldn’t find any 

NEXT is an insurer founded in 2016. This company is an A- AM Best-rated insurer offering tailored policies for your robotics business insurance. The company offers general liability insurance, professional liability insurance, workers’ compensation, and other critical policies. Next is accredited by the Better Business Bureau with a score of B+ rating. 

Best for: Best overall; Fastest general liability insurance for robotics engineers

Average cost: $16 per month

Our rating: 10/10 


The Hartford Robotics Insurance

Pros 

  • Additional benefits for AARP members

  • Has been in the insurance business for over 200 years

  • The Hartford helps you cut business costs through intelligent policies

Cons 

  • Some policies aren’t covered in all states

The Hartford is a long-standing insurer with a reputation that has stood the test of time. This company has over 200 years of experience in the insurance industry and made more than $11 billion in direct premiums in 2022. The Hartford scored an A- for long-term financial security with AM Best.

Best for: Workers compensation insurance for robotics engineers

Average cost: $18 per month

Our rating: 10/10 

CoverWallet Robotics Insurance

Pros 

  • Digital platform with multiple insurers

  • Speedy process for getting coverage

  • Excellent variety of insurance policy options

  • Easy online policy management

Cons 

  • Not an insurance company but an insurance broker 

CoverWallet offers insurance protection from over ten top-rated partners like Hiscox, Progressive, Travelers, and Chubb. The options CoverWallet offers include business interruption insurance, general liability, commercial property, crime insurance, and workers’ compensation.

Best for: Comparing robotics insurance quotes online

Average cost: $20 per month

Our rating: 10/10 


Tivly Robotics Insurance

Pros 

  • Customize the policies to get the coverage you need

  • Saves you time by matching you with the ideal robotics insurance policies and insurers

  • A partner of many reputable insurance companies

Cons 

  • You need to talk to a representative to get a quote

Tivly is a digital insurance platform that provides insurance solutions with policies like workers comp, commercial auto, general liability, and more. This company uses flexible targeting to help you get policies with the necessary coverage. Tivly is a fast-growing insurer that has 20 years of underwriting experience. Call now to compare quotes over the phone. 

Best for: Comparing robotics engineer insurance quotes over the phone 

Average cost: $23 per month

Our rating: 10/10 


Thimble Robotics Insurance

Pros 

  • A simple platform that is easy to use

  • Scalable policies allow you to upgrade when your business expands

  • Allows you to set short-term policies

Cons 

  • You can’t reach customer service by calling 

Thimble is your go-to insurer for getting a policy as quickly as possible. Their purchasing process is quick, offering options like business equipment, general liability, cyber insurance, business owner’s policy, and commercial property insurance. Thimble is a highly-rated insurer with an A+ score from the Better Business Bureau. Customers highly recommend their policies because of the flexibility Thimble offers.

Best for: On-demand coverage for robotics engineers

Average cost: $25 per month

Our rating: 10/10 


Hiscox Robotics Insurance

Pros 

  • Easy policy customization

  • Generous 14-day refund policy

  • Flexible payment options for small businesses

Cons

  • Some policies are sourced from partners

Hiscox offers coverage for insurance policies in 49 different states. You can call to speak to an agent who will help develop an insurance plan for your personal situation. Their workers’ compensation policy is comprehensive and tailored to fit the needs of your employees and the industry you are in. AM Best gave Hiscox an A rating.

Best for: Worldwide coverage for robotics engineers

Average cost: $28 per month

Our rating: 10/10 

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