Insurance for Electricians should include these coverage options:
Why Do You Need Insurance For Electricians?
You can wire even the most complicated job. You have the tools and know-how you need to build an excellent reputation as an electrician. Not everything can go to plan, though. Your electrical work tools and supplies could get stolen from your office. A customer could trip over your wiring while you work or accidentally touch a live wire. Can your electrician company withstand the potential risk from those types of incidents?
Those are just a couple of unexpected events that can happen on the electrical job. Keep your hard work powered up with solid business insurance coverage. Insurance for electricians from B2Z Insurance can reduce your costs for liability and other property claims, as well as the financial support needed to repair or replace your electrical tools and equipment if your operation is impacted by theft or fire.
What Electrician Business Insurance Coverage Do You Need?
Workers’ Compensation Insurance.
If your electrician business employs people, it is the type of company most states require to have workers’ comp insurance regardless of whether they are part-time or full-time. Considering the potentially high cost of on-the-job employee injuries in the electrical field and illnesses sustained from the job makes sense to have Workers’ Compensation coverage. This coverage helps with impending medical bills, lost wages, and legal fees related to lawsuits filed by employees against your electrician business.
Business Owner’s Policy (BOP).
A Business Owner’s Policy is crucial for electricians. This insurance is a combination of general liability and property damage coverage in one policy—it’s a convenient and affordable route for comprehensive coverage for your electrician business. A BOP extends to cover property damage, including the loss of your electrical work tools from catastrophic events, and it may help ease financial obligations following a liability incident, such as a customer slip-and-fall accident where you’re working.