The Best Contractors Insurance for Electricians


Electricians face many risks while on the job, which is why it’s essential to understand how you can be covered by investing in contractors insurance. By investing in contractors insurance, you open the door to providing more security for yourself, your business, your employees, and your customers.

Types of Coverage

There are multiple contractor insurance policies to choose from when it comes to finding the most crucial coverage. In some states, having contractors insurance, especially workers’ compensation, is mandatory. The best way to find out if you need one of these plans is to check with your local and state laws.

The most common types of insurance you can choose from include, but are not limited to:

  • General Liability: This policy is essential because it protects you and your business from legal fees and settlements. It also provides coverage for third-party injuries and property damages that result from your services.
  • Errors and Omissions: If you have a claim filed against you stating that you did not follow through with the services you said would be provided or have other negligence claims, this policy will protect you from legal fees or damages.
  • Commercial Property: If your equipment is stolen or damaged, this policy will cover any repairs or recovery costs.
  • Workers’ Compensation: In many states, it’s mandatory to provide workers’ compensation for your employees. If they obtain work-related injuries, those costs will be covered and won’t have to come out of your pocket.
  • Contractors’ Equipment: This policy will cover the costs needed to replace any tools you have that become damaged.

If you’re looking for more coverage that is not offered by a single plan, you can bundle policies to satisfy your coverage needs. However, certain states have specific requirements that need to be met to apply for a particular plan.

What are the costs?

The cost of your insurance depends on the size of your business, the location it’s in, and your gross sales. If you are an independent contractor, chances are you will be paying less than what a much larger company in a bigger city might pay. However, the typical cost is expected to be in the low thousands because of the high-risk potential of working with electricity.

We can help!

The process of finding an insurance plan that is right for you shouldn’t be difficult. By working with an experienced insurance agent, you can find better deals for the type of contractor’s insurance that you need for your carpentry business. At Galina-Balboa Global Insurance, we offer free help to compare costs, help with plans, and estimate your savings. Give us a call today at 512-366-8139