Thanks to comprehensive insurance, you are protected from unforeseen incidents, allowing you to work on any project with confidence.
Electricians face a variety of hazards in their daily work. Without the right protection, even a minor issue can result in substantial costs. Liability insurance is essential to keep your business running smoothly, protecting you from:
This type of insurance only covers third parties. If you want to cover your employees from these types of accidents, Workers Compensation insurance is what you will need to do that.
Electrical work presents unique challenges that can easily result in accidents. Without proper insurance, an incident can lead to overwhelming financial burdens. Securing appropriate coverage is crucial for protecting your business and your team.
Only 5 minutes of your valuable time. We can often get same day coverage.
To ensure you’re fully covered, electrical contractor insurance should address all key areas of your business. Here are some essential coverages:
This protects against accidents and damage that might occur while you’re working on a client’s property. If an incident leads to injury or damage, this coverage helps manage the associated costs.
Electrical work is physically demanding, and employees are exposed to hazards daily. Workers’ compensation ensures that medical bills and lost wages are covered in case of injuries.
Your business may have specific needs that general policies don’t cover. We offer custom solutions to fit your unique operational requirements, ensuring maximum protection.
Transporting tools and equipment is essential to your business. Vehicle coverage protects against accidents, theft, or other vehicle-related incidents.
Your tools are vital to your work. Coverage for theft or damage to equipment ensures you can replace or repair them promptly, minimizing business interruptions.
In its most basic form, it covers third parties from damage from any covered claim. These injuries can either be personal injuries to third parties or their property. It also includes the legal fees incurred in defending you against a covered claim.
It is also important to realize that if you are financing and cancel there generally will be no refund as there is no equity in the policy as you are still paying for it.
Electricians deserve complete coverage as they keep their clients out of the dark. Contractors Liability is here to help with all your insurance coverage needs, including specialized plans for electricians’ insurance. For more information, call us at (888) 973-0016 for a 5-minute quote.
Here are some coverage points that may make you think twice about working without Electrician’s General liability Insurance:
This includes any injury inflicted upon a third party on the site of your electrical project.
Example: An arc flash is created by an electrical unit you are working on and it causes significant burns to a client on-site.
This covers you against claims of libel, slander, invasion of privacy, copyright infringement, and misappropriation of advertising ideas.
Example: You are at a job site you are overheard by a competitor saying bad things about them. They sue you for libel.
This includes any building or surrounding area on the property that experiences physical damage as a direct result of the accident.
Example: A fire is accidentally created because of your electrical work and part of a building burns down as a result.
This covers any sort of medical bill that is created as a direct result of your company’s business.
Example: An improperly secured light fixture falls onto the head of a client after you worked on their lighting system. They sustain a concussion and must go to the Emergency Room.
This table displays typical rates and coverage for Electrician’s General Liability
for $1 Million/$2 Million Policy.
This table displays typical rates and coverage for Electrician’s General Liability for $1 Million/$2 Million Policy.
State
Annual premium above includes unlimited certificates of insurance.
Rating assumes 150,000 gross revenues for Electrician’s/general contracting with 10% subcontractor costs.
Premium are subject to underwriting approval and financing charges may apply.
In only 5 minutes of your valuable time. We can often get same day coverage.
When you choose us to manage your electrician liability insurance, you’re guaranteed several key advantages:
We collaborate with top-tier insurers to find you the best coverage at competitive rates, with general liability plans ranging from $2,000 to $3,500.
Our team works closely with insurers to provide personalized advice, ensuring your business has the necessary protection.
We understand the need for quick solutions. Our streamlined claims process ensures minimal downtime for your business when accidents happen.
We offer insurance plans that meet state-specific regulations, ensuring compliance and protection no matter where your business operates.
We offer quarterly or annual payment plans, allowing you to maintain coverage without financial strain.
Electrician’s insurance only covers third parties that are injured or third-party property that is damaged as a direct result of something your company did. If you want to cover your employees, it is important to have worker’s compensation in the event of an accident.
Contractors Liability can help you obtain Workers Compensation alongside your affordable Electrician’s Insurance General Liability Insurance policy.
Our insurance services have consistently supported electrical contractors, allowing them to focus on their work without worrying about financial setbacks:
When I needed to renew my insurance, the team made the process simple and efficient. A few weeks later, I had to file a claim, and the support I received was outstanding.
After an accident involving one of our company vehicles, the insurance coverage took care of both repairs and legal costs. This saved us from a significant financial hit and kept our projects on schedule.
An unexpected equipment failure caused property damage on-site. Our insurance helped us cover the repairs without issue. The claims process was fast and easy.
Protect your electrical business today! Contact us for a personalized consultation and receive a custom quote. Don’t wait for an incident to catch you off guard ensure your business is covered with reliable insurance today.
In most states, having general liability coverage is required by law. Even if it is not you should obtain a low-cost Electrician’s General Liability Insurance Policy.
You will be able to have confidence that if there is an accident you will be covered. You also have the benefit of knowing that your clients will also be protected as well.
Commercial policies are treated differently than personal lines insurance. Personal lines insurance is prorated over the life of the policy. With Commercial there is a financial penalty called a short rate.
This is incurred when the insured cancels an insurance contract prior to the expiration date of the contract. This is generally a minimum earned premium of 25% of the policy plus taxes and fees that are fully earned ie non-refundable when the policy is issued.
So if you cancel your policy 30 days after it is issued, you will be entitled to a refund but the amount will be subject to the balance of the minimum earned premium and taxes and fees.
Electricians’ insurance covers you and your company should the following:
We have a number of different options if you can not pay your entire premium upfront. There are payment plans that split the premium over 10 months with low down payments. Credit, Debit, and electronic checks are also accepted.
If you are a one-person operation with no employees the rate will generally be less than $50 per month. Obviously, the bigger your operation is the more the insurance will cost.
Getting a quote is very simple. You will just be asked a few questions:
The answer is yes. We have companies that offer affordable Electrical Contractor’s General Liability Insurance Policies for new businesses. We would only normally need a brief description of your experience in the trade.
If your State or Cities you work in do not require you to get a bond we can get you a Bond for around $150 per year. This will allow you to advertise that you are bonded.
These are a few other types of insurance that may be required or you should consider:
Many insurance agencies are equipped to deal with only the most basic insurance coverage, like general liability, auto insurance, and worker’s compensation. But as our namesake suggests, Contractors Liability is equipped to address any insurance question for any type of business. We understand contractors and the immense risks they take when they provide their necessary services. In return, we help them find the rates and policies that work for them. We also provide the following:
Electricians deserve complete coverage as they keep their clients out of the dark. Contractors Liability is here to help with all your insurance coverage needs, including specialized plans for electricians’ insurance.
Just read and in 30 minutes you will know everything about insurance.
