Having the right coverage for an electrician is essential. You need to protect yourself as whether in a home, business or institution; working on electrical systems can be dangerous. Because electricians handle live wires, active circuits, and specialized equipment, no matter whether you are a self-employed electrician or employed by an electrical contractor company; you deal with unique risks. In addition to these specialized risks that most electricians face, the common risks for any business owner are property damage or bodily injury, which is why insurance coverage is crucial for any electrical business. InsureWise LLC can do all the hard leg work for you to find the best electrician insurance coverage for you.
What Kind of Insurance Should an Electrician Have?
Generally, insurance coverages that electricians or electrical contractors need include the following:
– General Liability Insurance
– Workers’ Compensation Insurance
– Hired & Non-Owned Auto Insurance
– Business Income Insurance
What does Business Owners Policy BOP Cover?
Electrical contractors need to be covered for the work, so many electricians and electrical contractors start with a Business Owner’s Policy (BOP). In order to help protect them from different risks, this combines three types of insurance coverage that many small businesses need. To cover claims that your electrician business caused bodily injury or property damage to someone else’s belongings, general liability insurance, or electrician liability insurance helps. Protecting your owned or rented building and the equipment you use as an electrician is helped by commercial property insurance, which includes amp meters, screwdrivers, wire strippers, pliers, power tools and batteries to name a few.
If you can’t operate your electrician business because of covered property damage, business income insurance helps recover some of your lost income. To ensure you are covered efficiently, call in the professional of InsureWise, LLC and let us help you find the best coverage for your needs.