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 Electricial Contractor Insurance Quotes Include:

  Additional Insured Included:   YES
  Free Certificates:   YES
  Payment Options:   YES     (Pay in Full OR Payment Plans)
  Low Down Payments:   YES     (Flexible Payment Options)
  Coverage Limit Minimum:   $2,000,000 / $2,000,000 / $1,000,000

Like any business, an electrical contractor needs the proper insurance coverage to protect the business and its assets. 

Any business coverage starts with the basic three coverage components which are general liability, property insurance and workers compensation if you have employees.  General liability and property insurance can often be combined in a business owner’s policy or BOP.

One important fact to remember as an electrician is you can always be sued.  Just because you operate as an LLC (Limited Liability Company) or a corporation, doesn’t mean you’ve completely isolated your personal assets in the event of a suit. 

Any attorney can choose to go after personal assets, especially when seeking a large award for damages.  This is where it is important to have the proper amount of general liability insurance in place.  Electrical contractor insurance will protect your business in the event of a lawsuit claiming damages as a result of the work you or your company performed. 

Some of these types of claims may be faulty wiring which caused a fire or other type of damage to a customer.  What if your company is blamed for delays in completion of a project?  It will also protect against a slip or fall on your property. 

You may also want to discuss a commercial umbrella policy to further protect your business.

Property insurance covers your office and warehouse space whether leased or owned.  You own an expensive array of tools and equipment which can be damaged, lost, or stolen.  Make sure your property insurance has a clause in place to cover tools and equipment.

Workers compensation is required in most states.  This covers medical and compensation issues for any employee who may be injured on the job.  It also helps protect the business from being sued in the event an employee is injured. 

Check with your insurance agent and the state department of insurance for your state’s specific requirements.

Work with your licensed insurance agent to put together a comprehensive business insurance package for your electrical contractors business.