Electricians and electrical contractors, including those who are self-employed, work in a risky line of business. To protect yourself and your business from harm, electrician insurance is vital. Keep reading to learn more about how ALIGNED can help self-employed electricians find quality insurance solutions.
Do self-employed electricians need insurance?
Yes, all electricians, including self-employed electricians need insurance. Commercial insurance will protect your business from financial harm in the event that something goes wrong. Depending on the coverage you choose, your self-employed electrician insurance could protect against everything from theft and property damage to lawsuits arising from third party bodily injury, errors, and more.
Beyond the financial protection that self-employed electrician insurance offers to businesses, such insurance also offers peace of mind to customers. Some clients may be more likely to hire you if they can see you have taken the responsible step of purchasing insurance coverage.
The best insurance coverage for self-employed electricians
Insurance coverage varies, even between self-employed electricians. That said, the following coverage types are generally recommended for electricians in Canada.
- Commercial general liability insurance: Commercial general liability coverage protects your electrician business against claims of third party bodily injury and property damage. It can cover the cost of injury or damages to a third party, as well as the cost of a lawsuit (e.g. defence and court fees).
- Commercial property insurance: Commercial property insurance protects your electrician’s office or other place of business, as well as any business-related contents. More specifically, it may protect your physical property from damage caused by an insured loss, like water damage, fire, theft, windstorms, vandalism, etc.
- Tools and equipment insurance: With tools and equipment insurance, your insurer may cover the cost of repairing or replacing your electrician tools or equipment if they are damaged or lost due to an insured peril, like fire.
- Professional liability insurance: Professional liability insurance, also known as errors and omissions insurance, can protect your self-employed electrician business from claims of negligence, malpractice, error, or failure to deliver a service as promised from a design, efficiency audits etc.
- Commercial auto insurance: Commercial auto insurance might be necessary if you use your vehicle for commercial purposes, such as to travel to and from customers’ homes. Commercial auto insurance coverage varies but may feature third party liability coverage, comprehensive coverage, uninsured automobile coverage, accident benefits coverage, collision coverage, and more.
Find self-employed electrician insurance with ALIGNED
Want to find the best electrician insurance in Canada? Contact ALIGNED. We are commercial insurance experts and can help you find a great policy for your electrician business in no time.
We will take the time to understand the unique needs of your business and find coverage to match. Sit back, relax, and let us do all the work, obtaining and comparing quotes and unlocking discounts on your behalf. Are you ready to safeguard your electrician business? Click Here To Get A Quote or contact one of our business insurance experts for information or with any questions you may have.