For a while, one of my family members was an electrical contractor. You might ask, why only for a while (after all, it pays fairly well)? Well, because there’s apparently nothing more terrifying then standing next to a live wire that is conducting over 100 volts (which is more than enough to cause you serious damage). There is equipment designed to protect you from harm but, there are times where equipment is forgotten or malfunctions which can leave you in a very vulnerable position. To avoid being placed in such a vulnerable position you may want to consider acquiring electrical contractors insurance. It will protect you from lawsuits, property damage, injury and so much more. Here’s what you need to know.
Electrical Contractors Insurance – Who Needs It?
It might be surprising but this policy isn’t just for electrician’s. Electrical contractors insurance (at least the basic kind) is for all contractors who work in the electrical trade. So, whether you’re an HVAC specialist or a construction company involved in the electrical trade you’re going to need some kind of electricians insurance. The extent of your coverage will depend on your contract, local rules and regulations and state laws so be sure to brush up on those before you meet with your insurance provider. Although, if you need help we’re sure they won’t hesitate to lend you a helping hand.
What Policies are Included Under an Electrical Contractors Insurance Policy?
At this point, you might be wondering why there are multiple policies tied in under your electrical contractors insurance policy. Wasn’t the point of electrician’s insurance that you would only have to pay for one all encompassing policy? Unfortunately, the insurance industry doesn’t work that way and the diversity of the coverage involved depends on the type of work (and risk) associated with that individual electrical contractor. Fortunately, that means this policy is fairly flexible if you choose the right provider (though there are mainstays like workers compensation and general liability insurance).
The right provider will ensure that your policy is specific to your needs, fits within your budget and does not include unnecessary coverage. Insurance should be flexible, not rigid because contractors are a very diverse group of professionals (and your insurance should reflect that). If you have any further questions please feel free to contact us at 1-800-649-9094. We look forward to hearing from you!