Electrician Insurance

Working with electricity can be a complex, dangerous job, as you probably know firsthand. That’s why you need to take the steps to protect yourself and your customers, and you can do this by choosing the right insurance coverage. You deserve to know that if the worst occurs on the job, you won’t have to pay for all the damages out of pocket. So if you want some peace of mind as an electrician, take a look at the types of insurance you need and why.

What Type Of Insurance Electricians Need

Your electrician insurance policy should include specific types of coverage to protect you in this line of work. The options you will need to be fully covered include the following:

  • General Liability
  • Tools Coverage
  • Auto Insurance
  • Surety Bond

Keep in mind that these types of coverage are the minimum you should have. If you want even more protection on the job, you can add on other coverage types, such as a care, custody and control.

How Much Is Electrician Insurance?

The cost of your electrician insurance policy will depend on various factors, such as which coverage you get and where you’re located in the US. But here’s a brief estimate of the prices you might see:

  • General Liability Insurance for an Electrician starts at about $500 a year.
  • Tools Coverage for an Electrician starts at about $200 a year for $10,000 tool inventory.
  • Auto Liability Insurance for an Electrician starts at around $900 a year for a pickup truck.

How To Get Electrician Insurance

To get an electrician business insurance policy, simply let us know a little about your business. This will allow us to give you an accurate quote on the prices you can expect to get fully insured as an electrician.

Electrician Liability Insurance Explained

When you work with electricity, general liability insurance is a must in order to protect yourself, your customers, and your business in case the unexpected happens. After all, most of this job takes place on each customer’s property, so you need an insurance policy that will cover any damage to the home after you’ve fixed or installed electrical components there. Whether you’re adding outlets to a room or rewiring the whole house, you need to know you’re covered if there’s a fire or other damage due to your services as an electrician. Additionally, you need general liability to pay for medical bills if a third party is injured due to an electrical job you worked on, or if a customer gets hurt on your business property..

It also pays to have general liability in situations you might not think of. For instance, if someone has a problem with your advertisements, such as if you’re accused of libel or copyright offenses, this coverage will pay for your court fees. And if you rent an office for your business, general liability will pay for the damage you caused to the building you rent.

Electrician Tools Coverage

As an electrician, you need a variety of tools and equipment. From voltage testers and tape measures to power drills and pliers of all kinds, your tool kit is not easy or inexpensive to replace. So if you misplace the necessities for doing your job, or if any of it is stolen, you’ll be glad to have tools and equipment coverage. This way, you won’t have to pay out of pocket to replace it all. This coverage doesn’t only pay for the tools you own, but also any tools you rent for this job. If you need a way to ensure you can still provide your services as an electrician even after losing your tools, you need this coverage.

Electrician Auto Insurance

Traveling to customers’ homes is a regular part of your job as an electrician. This means you spend a lot of time in your company vehicle, which increases your chances of being involved in a car accident. If this happens to you, you’ll quickly find that your personal auto insurance will not pay for the damages, and that’s why you need commercial auto insurance. This policy will cover you if you’re in a car accident on the way to a jobsite. Otherwise, you might end up paying for repairs and medical bills out of pocket, which could put you out of business entirely.

Electrician Bond

If you want a way to give your customers peace of mind, you need a surety bond as part of your electrician policy. This is a guarantee you will complete the services you’re being paid for. For this reason, you might even be required to have a surety bond, depending on your location. Even if you’re not, some people won’t hire you unless you have one, so it’s best to add it to your electrician insurance policy. The following are the types of surety bonds you might need as an electrician:

  • Contractor’s License Bond
  • Contract Bond
  • Performance Bond
  • Janitorial Bond
  • Dishonesty Bond
  • ERISA Bond (For Directors and Officers)
  • Bid Bond

Other Coverage

Building Insurance

Cyber Liability

Workers Compensation

Business Owners Insurance Policy