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Lithium-Ion Battery

Specialized risk strategies for high-growth, high-voltage innovation.

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BlueStone Advisors is recognized nationally as the leading broker for providing insurance solutions specifically for lithium-ion battery industry.

Our extensive coverage options address the unique risks faced by businesses in the energy storage and battery technology sector.

Why It Matters

The lithium-ion battery industry is rapidly evolving, facing challenges such as regulatory compliance, safety concerns, and technological advancements. Our expertise ensures that your company is prepared for risks like product liability, environmental impact, battery fires and thermal runaway. For over 13 years, we have partnered with the largest battery companies in protecting their gigawatt-scale battery facilities, assets, employees, patents, and innovations.

Key Risks to Protect Against

We have been insuring Lithium-Ion Batteries for 10 years. We know the industry, we have relationships with the select Lithium-Ion underwriters across the globe, and we know what they are looking for to offer our clients preferred rates and coverage. We provide our clients with Best Practices that are specific and measurable that reinforce risk management protocols that are utilized in the underwriting criteria.

Paige Duffel Headshot
Page Kuffel
Account Executive, CLCS
Andrew Royce Headshot
Andrew Royce
PRESIDENT, MBA, CIC, CRM, CLCS, CRIS, CWCA
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Close-up view of a lithium-ion battery inside a device, showing safety text and internal components.
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The Big Picture

In the fast-paced world of battery technology, understanding the interconnectedness of manufacturing processes, market demands, and regulatory frameworks is essential to protecting the company. If your broker does not specialize in lithium-ion batteries, the insurance terms and conditions will be inferior. Our insights into industry trends and anticipating risks empower you to plan and make informed decisions that enhance your company’s competitiveness and sustainability.

The Bottom Line

Our comprehensive coverage includes essential options like property, builder’s risk, product liability, environmental liability, transit, cyber, workers compensation, international, general liability, directors and officers, and more. BlueStone Advisors has access to exclusive battery insurance programs that are not offered by other insurance brokers. By specializing in lithium ion battery insurance for over a decade, we know how reduce premiums while delivering insurance policies that protect you from a catastrophic event.

The Upside for You

Drawing on over a decade of experience and consultative approach, you benefit from exclusive risk mitigation strategies that protect your business and lower costs. Our dedicated claims handling team provides prompt support when you need it most, allowing you to focus on research, development, and production. We work collaboratively to help you navigate challenges like regulatory compliance, safety incidents, and market fluctuations, all while fostering a culture of innovation and responsibility.

5 Ways BlueStone Advisors Can Help Limit the Cost of Your Lithium-Ion Battery Industry Insurance

By focusing on these strategies, brokers can effectively assist companies working with lithium-ion batteries in managing insurance costs while ensuring they have appropriate coverage for their operations.

Thorough Risk Assessment

Conduct comprehensive risk assessments to identify specific hazards associated with lithium-ion batteries, such as fire risks and thermal runaway incidents. Addressing these risks through safety protocols can lower the overall risk profile and reduce premiums.

Safety Training and Protocols

Advocate for regular safety training for employees handling lithium-ion batteries. Implementing strict handling and storage protocols can minimize accidents and claims, leading to lower insurance costs.

Product Liability Insurance Evaluation

Review and customize product liability insurance to ensure adequate coverage without over-insuring. Tailoring policies to specific risks associated with lithium-ion batteries can eliminate unnecessary costs and reduce premiums.

Claims Management Strategy

Establish an effective claims management strategy to address any incidents promptly and efficiently. A proactive approach to handling claims can help maintain a positive claims history, which can lead to lower rates over time.

Collaboration with Manufacturers

Encourage collaboration with battery manufacturers to adopt best practices and safety standards. Demonstrating commitment to safety and quality can enhance the company’s risk profile, potentially resulting in lower premiums.
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Working with bluestone advisors from start-up to divestiture allowed us to remain focused on growing our company knowing that all our insurance needs were handled by their team of industry experts.
Brian Enis
Spiers New Technology

Insurance Coverage

General
Liability

Property

Builders
Risk

Workers
Compensation

Umbrella

Environmental

EPA Financial
Gaurentee

International
Liability

Equipment
Breakdown

Directors &
Officers Liability

Commercial
Auto

Product
Recall

Partner with us to protect your lithium-ion battery company.

Let’s Work Together

General Liability

Provides coverage for you and your business for claims involving bodily injuries, advertising injury, and property damage resulting from your products, services, or operations. Additionally, if you rent or lease, it may cover you if you are held liable for damages to your landlord’s property.

Property

Also known as ”Business Hazard Insurance”, protects your company’s physical assets. It helps pay for repair or replacement when a business property is lost, damaged, or destroyed. This policy also can cover any associated losses – such as lost income – that are caused because part or all of your business is temporarily down.

Builders Risk

Product Builders Risk Coverage for lithium-ion battery insurance refers to an insurance policy that provides coverage for the risks associated with the manufacturing or construction of lithium-ion batteries. This type of insurance is designed to protect the financial interests of the builders or manufacturers of lithium-ion batteries in the event of damage, loss, or theft during the production process.

Workers Compensation

When an employee suffers work-related injuries and illnesses – this coverage provides medical expenses, lost wages, and rehabilitation costs. It may also include death benefits to families of employees who lost their lives on the job. This coverage is mandated by almost all states and the wage and medical benefits vary by state.

Umbrella

Provides an additional layer of liability protection to assist in covering costs that exceed the underlying liability coverage limits. When the underlying limits have been reached, this coverage extends its limits to cover substantial claims. Claims may include libel, repetitional damage, vehicular accidents, product liability, or customer injury.

Environmental

Product environmental coverage for lithium-ion battery insurance refers to the extent of protection provided by an insurance policy specifically tailored to address environmental risks associated with lithium-ion batteries. This type of coverage focuses on potential environmental damages or incidents resulting from the use, transportation, storage, or disposal of lithium-ion batteries.

International Liability

International liability insurance coverage for lithium-ion batteries refers to an insurance policy designed to protect individuals, companies, or organizations involved in the production, distribution, or use of lithium-ion batteries against potential liabilities arising from their operations on a global scale. Lithium-ion batteries are widely used in various industries, including consumer electronics, electric vehicles, renewable energy storage, and more.

Equipment Breakdown

Equipment Breakdown Insurance, also known as Boiler and Machinery Insurance, is a type of coverage that protects businesses and individuals from financial losses caused by the sudden and accidental breakdown of covered equipment. This insurance policy typically covers various types of machinery, including but not limited to boilers, electrical systems, mechanical equipment, and electronics.

Directors & Officers Liability

Protects directors and officers while serving on a board of directors and/or as an officer for defense costs and damages related to lawsuits for actual or alleged wrongful acts in managing a company. Lawsuit allegations may include breach of fiduciary duty, misrepresentation, fraud, theft of intellectual property, and misuse of company funds.

Commercial Auto

Provides coverage for all of the vehicles you own and operate in your business. Commercial vehicles can include private passenger-type vehicles, trucks, trailers, or mobile equipment. It’s important to read this policy for all of the coverages and exclusions.

Product Recall

This insurance coverage is designed to address the potential risks and liabilities associated with lithium-ion battery-related recalls. It helps companies cover the costs involved in recalling and replacing defective or potentially hazardous batteries, as well as mitigating the associated reputational damage and financial losses.