Insurance for Electricians

As an electrician, you may be tasked with providing essential services to homeowners, families and businesses. Electrical systems are necessary for most properties regardless of size or sector, making your work crucial. While conducting your duties, you must also account for significant risks and exposures, as any slight errors could have catastrophic consequences for your own health and safety, as well as that of your clients. Appropriate insurance should be a top priority given these constantly high risk levels.

What Does Insurance for Electricians Cover?

Insurance for electricians should provide versatile and multifaceted financial protection in accordance with common industry risks and exposures. Many insurance companies may not offer a single insurance for electricians policy. Instead, you may need to work with your agent to compile a collection of policies, such as the following:

• Professional liability insurance, also known as errors and omissions insurance, can help pay for legal expenses and financial losses if a client accuses you of providing improper services, such as making a mistake while wiring their property.
• General liability insurance may compensate clients, customers and other third parties should you be at fault for their bodily injuries or property damage, such as by starting a fire or damaging infrastructure.
• Commercial property insurance can financially protect your business’s physical assets, including its buildings, equipment, inventory and tools.
• Workers’ compensation insurance may help employees who have been injured or become ill on the job pay for medical bills and manage other financial losses, such as reduced income.
• Commercial auto insurance can assist in absorbing the fiscal ramifications of incidents involving your motor vehicles, such as trucks and vans used to travel to job sites.
• Business interruption insurance may offer compensation for financial losses related to disruptions of normal operations, such as if you are forced to close temporarily due to a fire or natural disaster.
• Commercial umbrella insurance may provide additional financial aid if you are at fault for significant losses, such as due to a fire, that exceed the coverage limits of other liability policies.

How Much Does Insurance for Electricians Cost?

As insurance companies calculate your business’s risk levels, they must weigh many factors, including the following:

• Location
• Years in business
• Number of employees
• Operational details (e.g., what types of properties you service)
• Business assets and revenue
• Claims history
• Coverage details (e.g., endorsements, limits and deductibles)

Get the Right Coverage

With locations in New Springfield, Ohio, and Zelienople, Pennsylvania, the dedicated team at Griffin Insurance Group is well-positioned to help local electricians address their coverage needs. Contact us today to learn more or to get a personalized insurance for electricians quotation.