Electrician and Electrical Contractor Insurance

Whether you’re an electrician or electrical contractor, working on residential or commercial jobs, or whether you’re an apprentice, journeyman, or seasoned professional, Tomins is here to help you run your business better.

We take the headaches out of business insurance for electricians with our convenient 24-hour online portal. You get time back to focus on what’s truly important — running and growing your business, whether your focus is on smaller residential projects or larger commercial clients. And unlike any other online insurance agency for electricians, Tomins is backed by the expertise and experience of Higginbotham.

Maybe more important to you, we understand the unique needs of the electrician business and are ready to design a policy perfectly tailored for you. From basic business owners insurance to any of the more-specialized types of coverage your unique situation needs, Tomins has you covered.

You deserve an insurance partner that works as hard as you do. Tomins — mindful insurance today, successful electrician tomorrow. 

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Do I Need Electrician Insurance?

Having the right insurance is one of the most important keys to success in today’s fast-paced business environment. That’s especially true for electricians and electrical contractors.

In addition to the daily job-related risks and legal liabilities that you’re certainly aware of, you may be surprised to learn about many other risks involved as an electrician — risks that go far beyond those covered by a cookie-cutter insurance policy.

From a flood at your office to your employees getting injured to having important documents and records damaged or lost, you need coverage from an insurance partner that knows your business like you do.

Tomins’ deep understanding of the unique needs of an electrical contractor helps us design a perfectly tailored policy to your specific needs. From professional liability insurance for electrical project managers to business owners policy (BOP) insurance and general liability coverage, Tomins has you covered.

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What Electrician Coverages Do I Need?

As a self-employed electrical contractor, you should carry the same BOP (Business Owners Policy) we recommend for all small businesses. A BOP is designed to protect your business’s buildings, property, and other business assets. It also protects you from legal liabilities created by your business operations.

A typical BOP for an electrician has three basic coverages — all important for every type of business to carry:

  1. Electrician Commercial Property Insurance: Commercial property insurance for electrical contractors and electricians covers your firm’s office, property, and assets in the unfortunate case of a loss or damages.
  2. General Liability Insurance for Electricians: General liability insurance is one of the most common and important coverages in the small-business world — well beyond the world of insurance for electricians. It should generally be included in every small-business insurance policy. General liability coverage can protect you against financial loss from lawsuits filed against your business.
  3. Electrician Business Income Insurance: This insurance is designed to protect an electrician against an unexpected loss of income. For example, in the unfortunate case of a flood at your shop, your business income insurance would help cover lost wages while you rebuild or recover.

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If You Consult or Install Security Systems, You May Need Additional Coverage

Electrician insurance should include all of the above coverages (commercial property, general liability, and business income. However, if you work installing security systems or consult as an electrical project manager, you would be wise to consider professional liability insurance too.

Commonly known as Errors and Omissions (E&O) insurance, professional liability insurance covers electricians against costly mistakes. Because an electrician can be held legally responsible for the mistakes of employees and subcontractors, E&O insurance is an important consideration.

Depending on the unique operations of your business, you may also require additional coverages outside of E&O and a standard BOP (Business Owners Policy). Some coverages you may want to include in your electrician insurance policy include (but certainly are not limited to): 

  • Employment Practices Liability (EPLI): EPLI is designed to cover the cost of legal judgments related to hiring, termination, sexual harassment, and discrimination against employees.
  • Workers’ Compensation Coverage: If you have employees, you probably need workers’ compensation insurance. This coverage can protect an electrician from legal damages an employee might seek for workplace injuries. It can also cover the cost of medical bills, wage replacement, and more for an injured employee.
  • Cyber Liability Coverage: Like E&O, cyber liability insurance is especially important if you work installing or servicing security systems. This coverage also protects you against data loss and covers costs related to restoration, legal liability, and extortion resulting from a data breach or a cyber attack compromising the personal or financial information of your customers.
  • Commercial Umbrella: This is extended coverage that protects you beyond the general aggregate limits of your standard policy.

Why You Need a Tailored Electricians Insurance Policy

In addition, Tomins Electricians Insurance offers fully customizable coverage for any individual situation. Our specialized Electricians Insurance policies can also include:

  • Limited Care, Custody, or Control Property Coverage
  • Important Record and Document Coverage
  • Employee Benefits Liability Coverage

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What Does Electricians Insurance Cost?

Whether you’re a single electrical contractor or the owner of a large business, electricians insurance is a part of doing business you can’t afford to ignore. E&O insurance for electricians usually costs between $500 and $1,000 per year, the average deductible depending on the size and unique risk exposure of your business.

While the cost of other electrician insurance coverages can vary considerably, the following table is a good guide for the costs you should expect for an average business: 

Insurance Type  Average Cost 
Commercial General Liability  $500 to $700 
Workers’ Compensation  $1 to $2 per $100 in payroll 
Commercial Property Insurance  $750 to $1,000 
Cyber Liability Insurance  $1,000 to $7,500 
Business Interruption  Usually included in BOP 
Employment Practices Liability Insurance (EPLI) $1,200  
Commercial Umbrella Insurance  $400  

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What Do I Need to Get an Electricians Insurance Quote?

At Tomins, we are in the business of making electricians insurance easy. Start your free, personalized insurance quote now at our online quote page. To make sure we can provide the most accurate and competitive quote possible, it helps to make sure you have the following information available when you apply:

  • Business address and tax ID 
  • Income for your most recently completed fiscal year 
  • Number of employees you currently employ
  • Information about other insurance you currently hold
  • Volume, nature, and storage method tenant or client data  
  • Proof of professional licensing and other relevant certifications or permits  
  • History of past claims (at least three years) 

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