2030 marks the phase-out of petrol and diesel car and van production in the UK, with all new road vehicles set to be zero emission within the next two decades.
If you have charging points on your premises, whether for your own vehicles or those of your customers and employees, Karen Reed from PIB Insurance Brokers explains, it’s important to be aware of the insurance and risk implications.
Fire
With more EVs on the roads, there has been an increase in electric vehicle fires. Lithium batteries pose the fire risk and, if vehicles are charging unattended overnight, there is a real risk that fire could spread quickly to property and other vehicles, emitting harmful toxins.
Liability
Those who provide charging points are liable for third parties and their property. If fire results in a customer’s car being damaged or destroyed or if somebody is injured using a charging cable, you need to ensure you have protection in place in the form of third party liability.
Cyber
EV and charging technology utilises software that has the potential to be hacked by cybercriminals, so you need to ensure you have some form of cyber protection in place.
Security
To protect against vandalism and theft of cables, it’s essential to think about the location of charging points, utilising such safety measures as locking barriers, and having the necessary insurance cover.
Many of the risks surrounding EVs are relatively new and insurers are somewhat cautious, so it’s essential you take advice and carry out an appropriate risk assessment to make sure you have adequate insurance in place. Your insurer may wish to inspect your premises, require fire detection measures, reassurance that charging points have been professionally installed. It certainly makes sense to ascertain their requirements prior to rather than post-installation.
