Losing power during any time of year can be a highly unpleasant experience. During the summer, when temperatures climb close to 100 degrees, one has to worry about overheating while the winter brings the ever present threat of freezing to death (especially for infants and the elderly). And in these potentially life threatening situations there is only one person who can help get everything back online; your electrician.
We cannot thank them enough for what they do (and if you are an electrician reading this, thank you). We also understand that insurance can be a bit complicated and understanding what policy you need and how to get it can take time. Time that busy electrician’s may not have. For that reason we have assembled a quick reference guide for electricians which will explain who needs to be insured and the different kinds of insurance you, as an electrician, should be looking into.
Electricians Insurance: Who Needs It?
Chances are that if you are working in the electrical trade you will need some kind of electrician’s insurance. That includes everyone from electrical contractors and HVAC technicians to lighting technicians. Electrician’s insurance can cover and protect you from liabilities such as workplace injuries and property damage. It will also protect you from unnecessary risk and potential litigation if something goes wrong on the worksite. Regulations and rules vary from state to state so, if you are unsure, we can help walk you through what you need and fit a policy to those needs.
Other Insurance Policies
Like most other jobs in the construction industry electrician’s need more than just one kind of insurance policy to ensure they are completely covered. We have detailed a few of them below.
- Business Owners Policy (BOP) – this is for those contractors looking for a wide variety of coverage options and would prefer to bundle those policies instead of paying for each one individually. BOP protects against lawsuits, injuries, accidents and property damage which is a great asset for those individuals, like contractors, working in a high risk industry.
- General Liability Insurance – Like BOP general liability insurance protects you from lawsuits, accidents and property damage which is why it is often bundled into a BOP. And while the premiums may seem high to start they are much lower than the cost of a legal team and a lawsuit.
Premiums should not scare you away from being properly insured and if price is an issue we can work within your budget to create a policy that meets your needs. You serve people in their time of need and we here at Contractors Insurance hope to serve you if ever you need it. If you have any further questions or would like to meet with one of our representatives please feel free to give us a call at 1-800-649-9094. We look forward to hearing from you!