As an electrician you may need to provide proof of certain types of insurance coverage upon the rewarding of a contract to you or your company. We know electrical work is dangerous for the person doing it, but it can also be dangerous for those receiving electrical services, especially if the service was performed poorly and someone is hurt by it at a later date. You can make sure that doesn’t happen to you by purchasing the proper insurance coverage for the electrician’s needs.
What Insurance Should Electricians Carry?
Being an electrician carries a lot of responsibility. Electricity can kill or cause fire or other damages to you and your clients. Hopefully that never happens, but there is no reason to take that risk. Whether you are self-employed or you run a business, there are policies to protect you from financial loss.
General Liability: Think of general liability as a universal jobsite requirement. In Texas, to be a licensed electrical contractor you are required to maintain general liability insurance of:
- $300,000 per occurrence / $600,000 general aggregate / $300,000 product and completed products aggregate
General liability helps protect against a wide range of issues. When you are in business a legal claim due to an injury, accident, or negligence can bankrupt you. General liability is “general” because it protects against:
- Bodily injury
- Property damage
- Advertising injury
- Medical expenses
Umbrella/Excess Liability: If you are an electrician working on a large commercial building, Umbrella or Excess Liability insurance is often a requirement. This adds an extra layer of liability coverage to your general liability policy.
Commercial Auto Insurance: Electricians often have vehicles specially customized to transport and store the types of tools they need. In such cases, some job sites require that your work vehicles be insured with a commercial auto insurance policy with high liability limits.