Electrician Insurance

If you're a mobile electrician or own an electronics shop, you need insurance protection simply due to the nature of your work. Electrician business insurance can help protect you from financial losses caused by things like:

• Accidents
• Liability claims
• Property damage
• Employee injuries

Self-employed electrical contractors need a variety of insurance protection to help cover all aspects of your operation:

• General liability insurance for electricians: Liability insurance helps provide coverage for bodily injury and property damage to others, as well as legal defense in the event that someone takes you to court. Without it, you would be responsible for paying for negligent acts and legal defense out-of-pocket.
• Commercial property coverage: This helps pay to repair or replace your belongings if they are stolen, damaged or destroyed by a covered event. It applies to movable items you own, including things like tools, equipment and appliances, and can also cover buildings owned by your business.
• Commercial auto: If you or your employees operate out of a business-owned vehicle, like a van, commercial auto coverage can help pay for accident-related property damage, injuries and vehicle repairs.
• Business umbrella coverage: This coverage provides an extra layer of liability protection beyond the limits of certain underlying policies, helping protect your business from large or unexpected claims.
• Workers compensation: Workers comp helps to cover medical expenses and lost wages for employees who suffer work-related injuries. Electrical shocks, slips, falls and more can all occur at job sites. Depending on your state, this coverage may be required by law.
• Data breach coverage: Companies of all sizes have potential data security risks today. Business cyber coverage can help your business recover quickly if sensitive information is ever compromised.

Business owners policy (BOP)

A business owners policy (BOP) combines general liability and commercial property coverage into a single package to save you money. It covers everything vital to the operation of your business—your brick-and-mortar location (if you have one), coverage for equipment breakdowns and even protection for outdoor signage.

Additionally, you can add the coverages listed above to bundle even more. You can always read our business insurance and safety resources for additional information.

The cost of insurance for electricians depends on the size and scope of your business. Factors impacting cost include:

• Type of work: Residential, commercial, high-voltage, industrial and specialty installations.
• Business size: Revenue, payroll, number of employees, locations and subcontractors.
• Coverage limits and deductibles: Higher limits generally cost more; larger deductibles may reduce premiums.
• Claims and safety history: Prior injuries, fires, thefts and property-damage claims increase risk.
• Location: Local crime, weather, litigation and building conditions affect pricing.
• Electronics inventory and equipment: Value of stock, tools, customer devices and shop contents.
• Vehicles and tools: Number of vehicles, drivers, driving records and theft exposure.
• Contract requirements: Required liability limits, additional insureds and subcontractor obligations can increase cost.
• Safety controls: Training, security systems, documentation and loss-prevention programs can help lower premiums.