- What is it?
Electrician insurance is tailored to the needs of electricians and electrical services businesses. In order to provide robust protection, most policies have multiple coverages bundled together.
- Who’s it for?
An agent who has specialized in small electrical business insurance will be able to help business owners determine whether this or another policy type would be better for their particular business.
- What is offered?
- General Liability Coverage
- Errors and Omissions Coverage
- Commercial Umbrella Coverage
Electrician Insurance in California
What is electrician insurance?
Electricians are exposed to many different risks, including both common perils that many businesses face and particular ones that are more specific to working with electricity. To financially protect themselves against many of the risks they face, electricians in California can get electrician insurance.
Electrician insurance is tailored to the needs of electricians and electrical services businesses. In order to provide robust protection, most policies have multiple coverages bundled together.
Which California businesses should have small electrical business insurance?
California businesses should consider small electrical business insurance if they provide residential or commercial electrical services. Individuals and local businesses both might need a policy.
Larger businesses that provide electrical services statewide or in multiple states might need more extensive protection than what a small electrical business policy provides. These businesses should compare the protections within a small electrical business policy, with the protections that a policy designed for larger businesses offers.
Business owners who are unsure whether a small electrical business insurance policy would meet their needs should speak with a knowledgeable insurance agent. An agent who has specialized in small electrical business insurance will be able to help business owners determine whether this or another policy type would be better for their particular business.
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What coverages does small electrical business insurance offer?
A small electrical business policy often includes several coverages. While the exact coverages offered can vary from one policy to another, they frequently include protections such as:
- General Liability Coverage: Typically protects against common accidents that result in injury or property damage to third parties. May cover accidents at an electrical business’s facility or at a customer’s building.
- Errors and Omissions Coverage: Typically protects against mistakes that electricians could make. May cover both mistaken advice, and mistakes in electrical work.
- Commercial Umbrella Coverage: Typically protects against expensive lawsuits by offering additional liability coverage.
- Commercial Property Coverage: Typically protects buildings, equipment, and inventory that an electrician owns.
- Inland Marine Coverage: Typically protects equipment and inventory that an electrician owns, as the equipment is being taken to/from customers’ locations.
- Commercial Auto Coverage: Typically protects company-owned vans and trucks, possibly covering accidents and other incidents.
- Business Income Coverage: Protects against revenue loss that follows certain covered disasters.
Do electrical businesses need workers compensation coverage?
Most businesses in California that have paid employees are obligated by state law to carry workers compensation coverage. This generally provides financial protection for employees if they’re injured on the job.
Thus, most electrical businesses that have employees indeed do need to carry workers compensation. The coverage might be procured within an electrician policy or apart from an electrician policy.
Self-employed electricians may not be legally required to carry this coverage, provided they work alone and don’t have employees. Self-employed electricians should still speak with an insurance agent about job-related injury risks, however, as some health insurance plans exclude work-related injuries. An expert agent can help determine how best to procure coverage for work-related injuries in these situations.
What is the cost of electrician policies?
The premiums for electrician policies can vary, because they are influenced by a multitude of factors. Nevertheless, the majority of policies are quite affordable, particularly when compared to the potential costs of dealing with a major lawsuit or disaster.
How can electrical businesses obtain electrician insurance?
For assistance in finding an electrician insurance policy that fits your business’s unique needs, contact the independent insurance agents at Truck Writer Insurance Services. Our independent agents have the flexibility to present you with policy options from multiple insurance companies in California, and they have the expertise needed to help you choose the best policy that’s offered.
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