Electric vehicle charging point insurance

Here to help with your specialist insurance for EV charging point projects 

In 2020 the Plug-In Car Grant (PICG) – one of the ambitions of The Government's Office for Low Emission Vehicles strategy of 'Road to Zero' – received a £403m boost, extending the grant to 2022-23 .

This additional funding presents opportunities for businesses like yours to respond to the demand for increased Electric Vehicle (EV) charging points throughout the UK. We're here to support you, working closely with insurers that understand your market.

  • It's not just what we know; it's who we know
    We'll work with specialist insurers to find electric vehicle charging point insurance that's right for your business.
  • Supporting your claims
    Our in-house claims team will be on hand to guide you through the claims process, should you need us.
  • Saving you time
    You're working hard running your business, so leave the research to us.

How our electric vehicle charging point insurance experts can help you

We know you're busy. You have many priorities, and arranging insurance for your business isn't one of them. We can take care of researching and arranging bespoke insurance for your EV charging points, whether you're an installer, investor, funder, owner or managing an EV project.

Electric vehicle charging points and charging station cover

We'll manage the risks associated with your business, as well as arranging the correct levels of cover to protect your equipment, allowing you to focus on running your business. We've listed below the covers that you may require for your electric vehicle charging station:

  • All risks cover – protects against damage to charging points and associate equipment.
  • Loss of revenue – protects against the loss of income following damage to your EV charging point.
  • Public liability – protecting against damage to third party property and injury to third parties.
  • Employers liability – required if the special purpose vehicle (SPV) has more than one director.
  • Legal expenses
  • Cyber cover
  • Directors and officers (D&O) cover
  • Owner controlled insurance programme (OCIP).

Protecting your renewable energy investments

The UK’s renewable energy sector faces uncertainty and changes. From targeted net-zero emissions by 2050, to concerns around new technologies. Our renewable energy eBook explores how key organisations are working together to help the industry grow by ensuring long-term insurance protection.

Renewable energy project insurance

Planning a bigger project?
Whether this is your first project, or you are an experienced investor, getting insurance cover and mitigating the risks should be a priority during the planning process. We can advise on key areas of company risk to help reduce claims and business disruption.

Frequently asked questions

Doesn’t my business insurance cover equipment?
Some business insurers provide basic material damage cover for equipment, but it rarely provides cover for loss of revenue or breakdown cover leaving you severely exposed.
Why would I need business interruption insurance when I have a warranty?
A. Whilst a warranty will cover labour and parts that are faulty and need repairing or replacing, it will not cover the loss of income caused by the plant not running at its normal capacity should there be, for example, a delay in your plant being repaired.
Are you able to provide cover under one policy through construction into operation of the plant?
Possibly, but this may depend on the current insurance market conditions. Insurers prefer to be involved as early as possible. Involving an insurer from the outset clearly benefits your project as:

1. they will understand your plant; and
2. you will be able to factor in loss mitigation controls they require from the outset. It is far more financially viable from a Capital Expenditure (CAPEX) perspective to do this than trying to retrofit which can be extremely costly.
Can you help me understand and meet funders’ requirements and clauses?
Yes, we have over 15 years industry experience and understand funder requirements and can provide the advice and insurance programme conditions required.

What our clients say

Greater Manchester was one of the first regions to formally recognise the climate emergency and has a five-year environment plan, making it well placed to become a leading light in the UK’s transition to low carbon transport once the correct EV infrastructure is in place to support it.

As a new business looking to make an impact and a difference in our communities we were keen to work with partners who understood our business and ethos and could work with us today as an SME and in the future as we grow. Marsh Commercial worked with us to develop their understanding of this nascent Electric Vehicle Charging Market, including the types and uses of the assets and the needs of our customers, all of which helped in getting the right insurance programme in place at the best commercial terms. It’s a beginning of a new relationship and we are proud that Marsh Commercial is one of our key partners who will help us grow.

Asif Ghafoor, CEO, Iduna