Insurance for Contractors 2022

March 23, 2022 Blog

As an electrical contractor, you know that your industry is complex. The nature of your work leaves you exposed to unique risks and one way to mitigate those risks is by getting comprehensive construction insurance coverage. The Business Insurance Center is here to explore the common risks electrical contractors encounter and explain more about the insurance products that can best protect you and your business.

What Types of Insurance Do Contractors Need?

Electrical contractors need the right insurance coverage to protect yourself and your business. But what exactly should you be insured against? And how much coverage do electrical contractors need? In order to determine what insurance is necessary for electrical contractors, it’s vital to first examine the risks that you face in this industry. 


Injury: A common risk electrical contractors face is injuries that occur to either employees or third parties. Employees may be injured while performing their duties, and third parties may be injured on the project site.

Equipment Theft: Tools and equipment run the risk of being stolen if they’re left at an unsecured job site.

Equipment Breakdown: With all the equipment electrical contractors use, unexpected breakdowns are common and can cause work delays. 

Property Damage: During a project or after completion, damage may occur to a client’s property. For example, a faulty wiring job could cause later fire damage.

Auto Accidents: Accidents in work-related vehicles could lead to injury or death, or the vehicles involved could require complete replacement. 

In light of all the risks you face, it’s imperative to have insurance that will cover profit loss, medical costs, equipment replacement, and more. Each situation is unique, so contact Business Insurance Center agents today and we can create a customized electrical contractor insurance policy that will cover you completely, leaving no gaps. 

Best Electrical Construction Insurance Plans Near Me

Business Insurance Center provides the following insurance for electrical contractors. You can select an electrical contractor comprehensive insurance plan or simply choose the few insurance products that are necessary for your company. Some of the suggested insurance plans for electrical contractors include:

General Liability for Electrical Contractors: This is insurance coverage for legal claims of injury or property damage from your operations. If you work in occupied buildings, people come to the worksite, or you have an office, you are at risk for such claims. General liability insurance also provides coverage for reputational harm or advertising injury claims.

Commercial Auto Insurance: If you have a fleet of work vehicles, it’s a must to protect your vehicles and your drivers with a proper insurance plan.

Workers’ Compensation: Workers’ compensation is critical coverage, as it takes care of injured employees in the event of a work-related accident. It will pay medical bills for such injuries or illnesses, and compensate the employee for lost wages.

Completed Operations Insurance – Electrical Contractors: This protects you from potential later claims on completed work. Electrical fires are one of the main concerns you may face and this insurance would provide coverage. 

Property Insurance for Electrical Contractors: Property claims are common in the construction world, stemming from damage to a company’s physical assets, including owned buildings and the business property, If you do not own your commercial property or if you work out of your home, your equipment and tools can still be covered under such a policy.

Don’t leave your valued clients and the business you worked so hard to build to chance! Get the best insurance coverage for electrical contractor businesses with a free insurance quote from our team at the Business Insurance Center today!


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*Disclaimer: Insurance products are subject to terms and conditions, as well as exclusions that we cannot define on our website and blog. The content published here is only intended to provide you with an overview and general information about policies and products in the insurance industry. YOUR policy will carry details of the specific coverages, terms, conditions, limitations, exclusions. These will be governed by the underwriting guidelines applicable in your state.

If any policy provision is in conflict with the information provide on our website, blog or by any of our agents, kindly note that the policy language is controlling and supersedes all other sources. For more information, please contact your local office of The Nowell Agency.

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