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Electrician Insurance
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Tailored business insurance for electricians
Electrical contractors take on many different types of jobs, from simple installations to major rewiring projects. Electrician insurance can protect your customers, workers, vehicles, and equipment. The right business coverage helps you stay focused on delivering work that's grounded in excellence.
What is electrician insurance?
Electrician insurance is business insurance designed to protect electrical contractors and independent electricians from common risks related to the trade. It can help you handle workplace injuries, property damage, and installation mistakes. It can even protect your tools and equipment.
Start an online quote for electrical contractor insurance with Progressive Commercial, or speak to one of our experts to get customized coverage.
Why insurance for electricians is important
Whether you're updating a building's electrical system, repairing faulty wires, or installing lighting, one mistake could lead to injury, property damage, and expensive lawsuits. That's why insurance for electrical contractors is so important. It protects you when the unexpected happens.
Most states set electrical contractor insurance requirements. These can include workers' comp and commercial auto if you have employees or use vehicles for work. Some contracts might also require coverage, and clients often want proof before a project begins. That's why many ask for a certificate of insurance (COI). When you have a policy with Progressive Commercial, getting a COI is quick and easy.
Who needs electrician insurance?
Electrician coverage is essential for professionals who do electrical work, whether you operate independently or run a team of installers. Professions that can benefit from electrician insurance include:
- Solo electrical contractors
- Industrial electricians
- Electrical contracting companies
- Solar panel installers
- Residential electricians
- Electrical inspectors
- Commercial electricians
- Maintenance electricians
Whether you're a sole proprietor or a member of an LLC, electrical contractor insurance can give you peace of mind.
Types of insurance for electricians
If you're a commercial contractor or run a residential electrical business, you need to understand which types of insurance protect you from lawsuits, accidents, equipment damage, and more. Explore common business insurance for electrical contractors.
General liability (GL)
Covers third-party injury and property damage
General liability (GL)
Covers third-party injury and property damage
General liability coverage helps if someone gets hurt or their property gets damaged because of your business. It can also cover claims related to advertising injury and completed work. Discover the benefits of general liability and see how much GL costs.
Example: A customer trips over a conduit bender while you're rerouting wiring in their home and breaks an ankle. General liability can help cover their medical bills.
Business owners policy (BOP)
Combines liability and property coverage in one package
Business owners policy (BOP)
Combines liability and property coverage in one package
A BOP is a flexible policy for small business owners. It combines electrician liability insurance with commercial property, which protects company buildings, computers, tools, and other equipment. Optional BOP coverages can be added to your policy for more protection.
Example: A fire starts in your office, destroying furniture, tools, and electrical supplies. A BOP can pay for replacement and repairs.
Inland marine
On-the-go protection for business property
Inland marine
On-the-go protection for business property
Inland marine insurance covers your tools and equipment if they're stolen or damaged at a job site, on the road, or stored away from your business. You can add this protection to your BOP or general liability policy.
Example: Materials and supplies for a large commercial job are stolen from your company van while it's parked overnight at the dispatch office. Inland marine coverage can help pay for replacement costs so you can get back to work quickly.
Equipment breakdown
Financial assistance when machinery stops working
Equipment breakdown
Financial assistance when machinery stops working
Adding equipment breakdown to your BOP helps protect your machinery if it fails. It can cover repair or replacement costs, allowing you to recover and complete the job.
Example: Your trenching machine breaks in the middle of an important project. Equipment breakdown can pay to repair or replace it. This coverage can also compensate you for lost earnings if you're unable to work until it's fixed.
Workers' compensation
Keeps employees protected on the job
Workers' compensation
Keeps employees protected on the job
Workers' comp covers employees who become ill or injured while on the job and helps pay for medical expenses and lost wages. Most states require employers to carry workers' comp.
Example: One of your employees receives a shock while working on a live panel and has to go to the hospital. Workers' compensation could cover their medical bills, follow-up treatment, and lost income while they're unable to work.
Commercial auto
Customizable protection for work vehicles
Commercial auto
Customizable protection for work vehicles
You'll probably need commercial auto insurance if you use your vehicle for business purposes, such as carrying work supplies like parts and testing equipment. Progressive Commercial can help protect the cars, cargo vans, pickup trucks, and more that you count on for work. Review coverage rules for commercial auto in each state, and consider adding optional commercial auto coverages for your vehicles and drivers.
Example: Your apprentice is driving to a job site in your company van and accidentally hits another vehicle. Commercial auto can cover the other person's medical bills and vehicle repairs.
Don't overlook professional liability
Professional liability, also called errors and omissions insurance (E&O), protects from claims of faulty work or negligence. It can cover issues like improper installations, mistakes that delay projects, and other errors that might lead to legal issues.
How much does electrical contractor insurance cost?
The cost of business insurance for electricians depends on your needs and overall risk. For example, an electrician who chooses $10,000 in personal property protection for expensive tools will typically pay more than a contractor who only needs $5,000 in coverage. Your rate depends on the following factors:
- Business location
- Claims history
- Distance traveled to job sites
- Value of tools and equipment
- Number of employees
- Coverage limits
Your commercial auto insurance cost will be influenced by things like driving history, number of vehicles, and amount of coverage you choose. Learn about our multi-policy discount and other ways to save on your insurance with Progressive Commercial.
Why choose Progressive Commercial for electrician insurance
For more than 50 years, small businesses like yours have trusted us to provide flexible insurance options, competitive rates, and exceptional service. Our insurance experts can help you customize coverage that works for your electrical business. Start a quote online or call us to talk to an agent.
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