EV Charger Installation Insurance
Responding to market opportunities
The government’s plan to ban sales of new petrol and diesel cars by 2035, supported by The Charging Infrastructure Investment Fund, is creating opportunities for companies to install Electric Vehicle Charging Points throughout the UK.
In addition to this, according to a report published by Scottish Power[i], the UK will need to install more than 25 million Electric Vehicle Charging Points to meet its 2050 climate targets and that 22,808,780 homes will need to install heat pumps. It also states that the estimated cost to install chargers across UK will be £45.9 billion and that the estimated costs of installing heat pumps in homes will be £192.2 billion.
As a registered electrical contractor responding to these opportunities, it’s essential to not only have the right skills, but also appropriate insurance cover that protects against the unexpected.
At NICEIC and ELECSA Insurance Services, we provide a comprehensive insurance product/package which includes cover for Electric Vehicle Charging Point installations, giving you complete peace of mind. Also, NICEIC and ELECSA registered electrical contractors receive a 10% discount on the cost of their contractor's insurance[ii].