Electrician liability insurance
You’re a bright spark. You’ve worked hard for your qualifications and spent years building your business. You wouldn’t leave it at risk, any more than you’d leave a live wire exposed.
But without the right insurance, that’s exactly what you’re doing. Because no matter your qualifications, or experience, accidents happen.
And you know, better than anyone, when electricity’s involved, these can be serious.
All it takes is one mistake and – bang – you could be facing a lawsuit. Lawyers don’t come cheap. And if you have to find the money for damages, too, all your hard work could go up in smoke.
Why do electricians need general liability insurance?
General liability insurance for electricians insulates your business against claims.
If a client sues you for damage to themselves or their property – even if it’s not your fault – your coverage can pay your legal defense fees. And compensation, if it’s due.
Why wait for the shock of a suit? Neutralize risk with a few clicks of a mouse.
What does your electrician liability insurance cover?
Bodily injury – a client trips over your toolbox while you're working at their house, breaking their arm. Your coverage can pay their medical expenses.
Property damage – rewiring at your customer’s home you knock over a display cabinet, smashing several antique figurines. Your coverage can pay for repairs or replacement.
Personal injury – you're overheard making some snide remark about a difficult customer. They sue you for slander. Your coverage can pay for an attorney to defend you and compensation - if you're found liable.
What other insurance do electricians need?
Adding business personal property (BPP) to your general liability insurance gives you up to $25,000 of cover for your tools and equipment. Which could come in handy.
Because when your tools are in transit, or with you on-site, there’s more risk they’ll get damaged. Or stolen. Or lost.
And without them, how will you work?
If you employ anyone, even if it’s just one person, most states require you to have workers’ compensation insurance. But that’s a good thing. Because the cost of workplace injuries can be crippling.
If an accident happens to an employee on the job, your insurance can cover their medical bills, lost wages and legal costs. And protect you from a lawsuit – whoever’s at fault.
How much does electrician insurance cost?
Our policies start at $37.50 per month for electricians.
But it’s worth bearing in mind, that the cost of your insurance will be affected by things like:
- your experience and qualifications
- the number of staff you have, and
- the value of tools and equipment you own.
Been in the business for years with no history of problems? Your insurance will cost less than an electrician who’s just starting out. Or who’s had lots of claims in the past.
A one-man band who sticks to small projects? You’ll pay a lot less for liability insurance than a major electrical contractor with a team of staff.
Plus, the more employees you have, the more you can expect to pay for a workers’ comp policy.
But because every electrician’s business is different, you want a package to suit your exact needs. InsuranceBee can do that. And it’ll only take a few minutes.
Read what our customers say about us
I had many things to do to get inspection insurance. Matt guided me through the process making it easy for me. Friendly and prompt and respectful people and service. Thanks
Mr Welch. 06-14-2018
Quick and easy process. Information is clear and upfront.
Insurance Bee's service is great I told them what I needed and it was done no hassle or complication everything was explained to me in terms that i could understand. I highly recommend
Mrs Garcia. 04-16-2018