Electrician Insurance

Helping You Protect Your Business from Getting Zapped

Electricity is at the core of modern innovation. This natural physical
phenomenon has become an integral part of everyday life, comfort, health,
and safety. The work you do makes life as we know it possible.

Electricity is at the core of modern innovation. This natural physical phenomenon has become an integral part of everyday life, comfort, health, and safety. The work you do makes life as we know it possible.

 

The Spectrum of Electrician Insurance

Your business structure, size, and clientele will help determine your commercial insurance policy. In general, we insure two main categories of electrical professionals:

Independent Contractors

These are often experts who handle more personalized jobs and engage frequently with homeowners. These jobs may be on the smaller scale, making your insurance policy more straightforward, but you usually have a larger portfolio of individual customers, which makes it critical you’re insured correctly.

Commercial Contractors

Usually composed of employees or subcontractors, this business model typically serves mid to large commercial customers. For example, a new-build developer might contract your business to handle all electrical installations. The bigger the job, the more money you can lose, and the greater need for extensive coverage.

 
 

Who Needs Retail Insurance?

Do you sell product(s) in exchange for money and/or offer services in support of the goods you sell? If you answered “yes," then you need retail insurance.

There are countless types of retail businesses. Today, we generally find 2 merchant channels that require retail insurance:

 
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Independent Contractors

Experts who handle more personalized jobs. This usually entails smaller jobs, but a larger portfolio of individual customers, making it critical you’re insured correctly.
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Commercial Contractors

Usually composed of subcontractors, this business typically serves mid to large commercial customers. The bigger the job, the more money you can lose.

Current Risks

You’re not just working with the public; you’re often entering and handling
important parts of peoples' homes and businesses. The nature of your job is
physically dangerous, as you directly engage with electrical power. Even when
the job is done, you're still responsible for the work and services you provided.

Current Risks

You’re not just working with the public; you’re often entering and handling important parts of peoples' homes and businesses. The nature of your job is physically dangerous, as you directly engage with electrical power. Even when the job is done, you're still responsible for the work and services you provided.

Commercial Coverages for Electrical Professionals

Here are a few specific coverages you might need. However, please connect
with one of our experts and refer to your policy for specific coverage details.

Commercial Coverages for Electrical Professionals

Here are a few specific coverages you might need. However, please connect with one of our experts and refer to your policy for specific coverage details.

Business Owners Policy

A BOP combines General Liability (in case someone gets injured while you’re working) and Property Coverage (in case damage occurs from a covered event to your office building, worksite, or equipment) into a single policy.
You climb into a homeowner’s attic to reach and install a new electrical outlet. While in the attic, your foot falls through the ceiling! Not only did this damage your leg and the house, but the drywall flew into your client’s eye. A BOP could help provide financial backing to repair the property, pay your medical costs, replace lost tools, and cover potential 3rd party legal fees.

Business Owners Policy

A BOP combines General Liability (in case someone gets injured while you’re working) and Property Coverage (in case damage occurs from a covered event to your office building, worksite, or equipment) into a single policy.
You climb into a homeowner’s attic to reach and install a new electrical outlet. While in the attic, your foot falls through the ceiling! Not only did this damage your leg and the house, but the drywall flew into your client’s eye. A BOP could help provide financial backing to repair the property, pay your medical costs, replace lost tools, and cover potential 3rd party legal fees.

Professional Liability

Commonly known as Errors and Omissions, this covers your professional
advice and services in case of harm.
Your employee completed a rewiring job, signed off on proper installation, and moved on to business as usual. Two days later you are made aware that the house caught fire. If the investigation points to your employee’s rewiring, professional liability could help pay for
expenses as a result of a negligence lawsuit.

Professional Liability

Commonly known as Errors and Omissions, this covers your professional advice and services in case of harm.
Your employee completed a rewiring job, signed off on proper installation, and moved on to business as usual. Two days later you are made aware that the house caught fire. If the investigation points to your employee’s rewiring, professional liability could help pay for expenses as a result of a negligence lawsuit.

Inland Marine

Covers specialized property and mobile equipment. These are often
things that are difficult to replace.
Your vehicle often serves as your office, and houses countless important tools to get the job done.
If you get into an accident or if someone steals your equipment while you’re onsite,
Inland Marine could help you repurchase or fix damaged tools.

Inland Marine

Covers specialized property and mobile equipment. These are often things that are difficult to replace.
Your vehicle often serves as your office, and houses countless important tools to get the job done. If you get into an accident or if someone steals your equipment while you’re onsite, Inland Marine could help you repurchase or fix damaged tools.

Commercial Auto

Covers bodily injury and vehicle damage to others in case of an
accident while driving a business vehicle.
While backing out of a parking spot to head to another appointment, your employee hits a pedestrian with your branded work truck. A commercial auto liability policy can help you afford the medical and even legal fees that could come your way from the injured pedestrian.

Commercial Auto

Covers bodily injury and vehicle damage to others in case of an accident while driving a business vehicle.
While backing out of a parking spot to head to another next appointment, your employee hits a pedestrian with your branded work truck. A commercial auto liability policy can help you afford the medical and even legal fees that could come your way from the injured pedestrian.

Trade Credit Insurance

Helps protect your accounts receivable from loss when a customer defaults and fails to pay. Typically, this appeals to contractors who bring in more than $10 million in revenue, but certainly a worthwhile evaluation for every contractor. In addition to coverage in the event of a slow pay or no pay, the carrier will help you make sure your customers are credit-worthy before you extend terms.
Prior to Covid-19, you landed an amazing contract with a Fortune 500 company to monitor and service all 3 of their office buildings. However, this company took a huge hit during the pandemic and had to file for bankruptcy, leaving their accounts receivable in limbo for months. Trade Credit insurance could pay up to 90% of the invoices quickly so you can continue operating.

Trade Credit Insurance

Helps protect your accounts receivable from loss when a customer defaults and fails to pay. Typically, this appeals to contractors who bring in more than $10 million in revenue, but certainly a worthwhile evaluation for every contractor. In addition to coverage in the event of a slow pay or no pay, the carrier will help you make sure your customers are credit-worthy before you extend terms.
Prior to Covid-19, you landed an amazing contract with a Fortune 500 company to monitor and service all 3 of their office buildings. However, this company took a huge hit during the pandemic and had to file for bankruptcy, leaving their accounts receivable in limbo for months. Trade Credit insurance could pay up to 90% of the invoices quickly so you can continue operating.

Employment Practices Liability
Insurance (EPLI)

This type of management liability insurance is necessary for anyone who has employees. This helps cover lawsuits involving wrongful termination or discipline, discrimination, sexual harassment or retaliation, and failure to employ or promote, etc.
You respectfully fired an employee after several incidents of customer complaints for unprofessional behavior while working in their homes. You receive a notice that you are being
sued by this ex-employee for poor treatment. EPLI could support
your legal expenses to fight this charge.

Employment Practices Liability
Insurance (EPLI)

This type of management liability insurance is necessary for anyone who has employees. This helps cover lawsuits involving wrongful termination or discipline, discrimination, sexual harassment or retaliation, and failure to employ or promote, etc.
You respectfully fired an employee after several incidents of customer complaints for unprofessional behavior while working in their homes. You receive a notice that you are being sued by this ex-employee for poor treatment. EPLI could support your legal expenses to fight this charge.

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