What is Electrical Contractors’ General Liability?

Electrical contractors’ general liability, also referred to as electricians’ business liability insurance, provides financial protection against the most common business claims. This policy is the go-to coverage electricians rely on if something goes wrong at a job site or premises.

Why do I need it?

Business Protection – The fundamental aim of electricians’ general liability insurance is to protect businesses from lawsuits that stem from the following:

• Business Liability
• Contractual Liability
• Products Liability
• Employee Liability

Company Compliance – Various project owners and state regulators require a certificate of insurance prior to commencing operations.

Marketing Benefits – Demonstrating proof of electricians’ liability insurance gives potential clients a sense of assurance that you prioritize responsibility in your business operations and guarantee protection for both parties. It safeguards your business and enhances your professional reputation, increasing your chances of securing bids.

Property Landlords – Many commercial leasing companies require proof of adequate general liability for electrical contracting businesses to obtain a lease.

What does it Cover?

Electricians’ general liability insurance provides essential coverage for legal defense and damages up to policy limits if a third-party file a lawsuit against you for causing bodily injury or property damage.

Electricians’ liability insurance shields businesses from unexpected expenses arising from common incidents, including:

• Bodily Injury
• Property Damage
• Products/Completed Operations
• Personal/Advertising Injury

What is a Certificate of Insurance?

A certificate of insurance provides proof of coverage and limits required by clients, contractors, or other parties before entering into a business relationship.

What is an Additional Insured?

An additional insured (AI) is an individual or entity other than the policyholder covered under the policy. It is the most commonly requested endorsement of standard electrician general liability policies.

How much is it?

The cost of electricians’ general liability insurance is determined based on factors such as the nature of the work performed, prior or continuous coverage, claims history, and territory, among others.

With our assistance, electricians can compare rates and select a policy that provides the necessary protection against common risks, such as property damage, bodily injury, or product liability claims, at a price they can afford.

What are my Payment Options?

Our specialty programs offer multiple payment options when purchasing your general liability insurance for electrical contractors.

Full Payment Option – Pay the premium with one payment.
Direct Bill Option – Pay the monthly premium to the carrier directly.
Financing Option – Pay the monthly premium through a finance company.

Why choose Fairbanks Insurance Brokers?

We specialize in construction insurance, partnering with top providers for the best rates on electrical contractor insurance tailored to your needs and budget.