What Coverages Do Electrical Contractor Insurance Policies Make Available?
Electrical contractor insurance policies may let policyholders select from a range of protections. Some of the more commonly offered and chosen protections are:
- Commercial Property Coverage, which may insure company-owned buildings, tools and equipment
- Inland Marine Coverage, which may insure tools and equipment being transported between locations
- Equipment Breakdown Coverage, which may insure essential equipment against unexpected malfunction
- General Liability Coverage, which may protect against lawsuits related to common accidents
- Errors and Omissions Coverage, which may protect against suits related to errors in work
- Umbrella Liability Coverage, which may provide additional liability protection
- Commercial Auto Coverage, which businesses that own commercial vehicles are normally required to carry
In addition to these, electricians may also want to purchase business interruption coverage, cyber liability coverage or any number of other important protections. An insurance agent who specializes in electrical contractor insurance can assist with making wise coverage decisions based on a business’ particular situation.
Do Electricians Need Workers Compensation Coverage?
While general liability coverage may protect against injuries that are caused to third parties, it normally doesn’t protect against job-related injuries that electricians sustain. Those injuries are typically under the realm of workers compensation coverage.
Workers compensation coverage is a protection that most employers are required to carry for their employees, and many self-employed electricians should still carry for themselves. Whether the coverage is purchased through an electrician policy or a stand-alone policy, however, varies from situation to situation. In either case, a knowledgeable insurance agent who assists with electrician policies can likely also help with workers compensation.
What Sorts of Incidents Do Electrician Policies Cover?
Depending on their terms and conditions, electrician policies can cover many different incidents. A policy might provide protection for incidents like the following:
- An electrician’s tools are stolen from a job site
- An electrician is in a car accident while driving to a job site
- A bystander is shocked by a live wire left unattended
- A passerby trips over an electrician’s toolbox and is hurt
- An electrician’s mistake leads to an electrical fire
- An office building is destroyed during a storm
An insurance agent can explain more fully what sorts of incidents a particular electrician policy would likely cover.
How Can Massachusetts Electricians Get Electrician Insurance?
For help insuring yourself or your business, contact the independent insurance agents at Scotti Insurance Agency. Our agents have worked with many electricians in Massachusetts, and we’re ready to assist you. Since we only have independent agents, you can trust that they’ll recommend the best available electrician insurance policy regardless of what company is offering it.
