As sustainability becomes increasingly important, Aviva has doubled down on its net-zero commitments by entering the EV charging market. The company has launched one of the first products to protect charging points for electric vehicles (EVs).

Some stats

There are nearly 34,000 public charging points at more than 20,000 locations in the UK with the government setting a target of at least 300,000 by 2030. At the time of writing, over 940,000 plug-in cars are registered in the UK.

These numbers are likely to increase as the UK government will ban the sale of new cars and vans with petrol and diesel engines in 2030.

The products

Aimed at contractors, car park operators, local authorities, asset managers and forecourt operators, Aviva is offering Erection All risks (EAR) and Operation All Risks (OAR) cover for EV chargers.

What Aviva said

Ahmad Raja, Aviva’s UK Regional Manager, Engineering, Construction and Renewable Energy, said: “More and more people are discovering the environmental and economic benefits of driving an electric vehicle and the number on our roads is growing daily.

“Of course, EVs need charging points and with government targets and investment in place to encourage this, we are really seeing this sector take off.

“This is an exciting, fast-evolving area and it’s critical that insurance keeps pace. Brokers have been coming to us on behalf of their clients, asking for a standalone product specifically covering EV charging points.

“We’re delighted we can now offer them just that, offering a high level of cover and customer support to give installers and operators the peace of mind they need as they push forward with technology which has the potential to transform all our lives.”

Source: https://www.aviva.com/newsroom/news-releases/2022/09/aviva-launches-standalone-cover-for-electric-vehicle-charging-points/

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