Insuring your electrician business
From major construction projects to a late-night domestic call-out, an electrician’s job is varied. Your skills and experience are crucial, but sometimes things break, mistakes are made, or one of your customers is unsatisfied with the job. For electrical contractors, insurance matters because it means you’re covered when things don’t go to plan, for all sorts of reasons.
Why you need business insurance in electrical contracting
Illness and injury
Working on a construction site can be dangerous – you, your employees, someone on site or even a member of the public could be injured, whether you’re at fault or not. Injuries can be serious, sometimes life-changing. At the very least they cost you time, money and possibly your reputation. We’ll cover you for expenses and legal claims and we’ll help you retrain if the worst happens and you need to change career.
Unhappy clients
Disputes about project outcomes and deliverables seem almost inevitable. It could be that a key deadline is missed, or additional costly modifications are required. Maybe a client just changes their mind on a key detail. Whether the dispute is your fault or not, if a client brings a claim against your business, having a professional insurance policy in place will defend and protect you.
Equipment problems
If a key piece of equipment malfunctions or breaks, work stops until a repair or replacement is sourced. You then have to deal with shifting project deadlines and angry clients. Having insurance in place to protect your tools and other equipment means we’ll cover the costs of repairs or replacements to get you back on track as quickly as possible.
If you’re not sure what you need, tell us a little more about your electrician services business. We’ll help you to build your quote and explore any other insurance needs.
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Key types of insurance for the electrical installation services industry
Public liability insurance
Whether you’re working on a major construction site surrounded by daily commuters or just rewiring someone’s own home, you need to be covered in case a member of the public claims they were injured because of your actions in the workplace. Public liability insurance covers the cost of compensation and the legal expenses of the claims process. This coverage also extends to allegations against your employees in their professional capacity.
Employers' liability insurance
Employers' liability insurance is compulsory for a wide range of businesses and it may be a mandatory clause of any project contract you business is involved in. Your employers' liability policy covers the legal and compensation costs if an employee, or anyone else working for you, claims that they were injured or fell ill due to a work-related cause. It may also provide loss of earnings cover if you’re unable to work.
Tools insurance
Even though your job depends largely on your own skills and expertise, it also requires your tangible tools and equipment and without them, things could easily grind to a halt. Tool insurance is there to provide protection for your equipment in the event that anything is damaged or stolen. We’ll pay for any repairs or replacements you need, so you can get back to work as quickly as possible.
These are just some of the types of business insurance for electricians that we can offer. We can provide other specific types of cover and build them into a policy that’s tailored to the exact needs of your business.
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