Why Choose Electrical Insurance
Electrical contractors, who are exposed to live wires, energized circuits and stray voltage, rely on insurance to protect them or their business in the event of an accident. Before being burdened with a massive liability, you can choose electrical contractors insurance.
While the extent of coverage may vary, electrical contractors insurance is compatible with all electrical trades. Local rules, regulations and laws in each state may play a role in what type of insurance you or your business requires. Electrical contractors insurance protects you or your business from the added expense of liability claims and employee injuries.
Types of Electrical Contractors Insurance Policies
For the electrical trade, it is imperative that your company acquires Contractors General Liability Insurance because of the hazardous materials at the job site. This is typically a state requirement. The levels of coverage mandated differ depending on where you live and the sector in which you work.
Since workplace injury is commonplace in the electrical trades, Workers Compensation Insurance is required in most states to protect employees who need medical attention or those who become injured on the job. Enrolling in Workers Compensation will protect your business from lawsuits by injured employees.
Inland Marine Insurance compensates businesses for its assets that are lost or damaged in transit. Coverage includes property in transit, such as tools, mobile equipment and even buildings that are under construction. If your business frequently transports equipment, tools and supplies to and from your worksite, Inland Marine Insurance will protect the value of your assets.