Insurance for EV charging businesses in North Carolina

What insurance do EV charging businesses need in NC?

Core coverages include: commercial general liability (covering bodily injury and property damage arising from your operation); commercial property covering the charging equipment; business income; and product liability if you are selling charging as a service. Property owners adding charging stations should update their existing commercial program to reflect the new equipment and exposure.

What liability risks do EV charging stations create?

Potential liabilities include: equipment malfunction causing a vehicle fire or damage; slip-and-fall on the property around charging stations; electrical incidents injuring a customer; and property damage if a charging malfunction affects surrounding vehicles or structures. These are general liability scenarios that a properly structured commercial GL policy covers.

Does commercial property insurance cover EV charging equipment?

Yes, if it is scheduled or included in the commercial property program. Charging equipment can be expensive, and it is important to ensure it is specifically covered at appropriate replacement cost values, not just assumed to be included in a blanket property limit.

What if I am adding EV chargers to a commercial property I own?

Update your existing commercial property and liability program to reflect the addition. Notify your insurer, confirm the equipment is covered, and verify that your GL limits are appropriate for the new exposure. A significant charging installation may warrant a review of your overall commercial program.