The job of electricians and electrical contractors involves risks to their personal safety and to the property of their clients. Working with wires, appliances, and complex equipment is complicated and leaves plenty of room for errors or accidents to occur. If you’re an electrical worker, it’s important to have a comprehensive insurance policy that keeps you, your business, and your clients protected.
Builder's risk insurance is a special type of property insurance protects a builder or owner against damage that occurs to new or existing buildings that are under construction.
Commercial general liability typically provides coverage in case an injury or damage takes place on a business' property or while a business is operating. For instance, a customer could slip on the floor of your property, or an employee working at someone's home can slip and cause damage.
Tools and equipment insurance is a type of inland marin insurance that provides coverage if essential and expensive tools get destroyed or stolen. You can add this as a supplement to your insurance policy to typically cover heavy and rare equipment that can be difficult to replace and find.
The insurance you need will vary depending on your state’s legal requirements and whether you do more residential or commercial work, whether you have a brick and mortar office, and other factors related to how you run your business. But policies that are commonly needed by electrical contractors include worker’s compensation, commercial general liability, and commercial auto insurance.
If you’re wondering what kinds of coverage your electrical business needs or just want to get started building your policy, fill out the quote request form today. You’ll receive a free consultation and get matched with a qualified provider that can answer your questions and help you find the right coverage at the right price.
Something many businesses don't know is that commercial insurance carriers have preferences for which types of businesses they insure.
The problem for most business owners is that they don't know which carrier is the best fit for their business, leading to high premiums or declined applications for coverage .
The 321 LaunchPad is connected to the largest network of commercial insurers available anywhere. We match your business with a qualified insurer so you get the right coverage for a fair price.