Electrical Contractors Insurance in Boca Raton, FL
Electrical contractors install, maintain, repair, and replace electrical systems and machinery in homes, offices, factories and manufacturing plants. The complex profession requires a great deal of training, skill, experience and a lot of physical labor. It also has its operational liabilities, which is why you need a quality commercial insurance portfolio.
Fiorentino Insurance Group is here to help electrical contractors put together a comprehensive commercial insurance package that’s tailored to their specific needs. Call us at 561-368-4704 or request your free insurance quote online today.
Common Electrical Contractors Insurance Questions
What is electrical contractors insurance?
Electrical contractors may have to install, design, connect, repair, or replace a variety of electrical systems, equipment, machinery, wiring, panels and fixtures, including working on energized electrical equipment. This increases the chance of electric arc burns or shock. It also increases the chances that you could do additional damage to the property in which you are working.
Electrical contractor insurance protects against potentially devastating financial losses caused by injuries, property damage and other common risks related to their trade.
What coverage do electrical contractors need?
Electricians typically need at least the following four coverage options depending on the extent of their needs:
1. General Liability:
Essential coverage for electrical contractors that protects against lawsuits or other financial liabilities that result from a wide range of accidents like a fire caused by faulty work.
2. Commercial Auto:
Typically needed if you use your vehicle to transport work supplies like parts, testing equipment and other tools.
3. Business Owners Policy (BOP):
Extends general liability coverage to protect things such as commercial buildings and personal property.
4. Workers’ Compensation:
Coverage for your employees who become ill or injured while on the job.
Beyond these coverage options, specialty policy endorsements and supplementary plans are available, allowing you to customize your insurance solutions to your unique needs.
What does electrical contractors insurance cost?
Various factors, such as contractual requirements, number of employees and other job-related exposures can all affect the cost of electrical insurance. For example, an electrician who needs $10,000 in personal property protection to cover his expensive tools will usually pay more than an electrician who only needs $5,000 in coverage.