Electricians Insurance

For nearly 90 years Donnelly & Sproul has served the insurance needs of New Jersey businesses, large and small. From large companies to small businesses to the self-employed, we believe that every business deserves the right coverage at the right price to meet their needs. That’s why dealing honestly and fairly with you is one of our primary objectives.

Electrical construction insurance is more important than you may realize. Even if you are self-employed, that doesn’t mean that your business is without risk.

There are all kinds of risks you face as an electrician in today’s business climate. Insurance won’t erase your risks, but it can go a long ways toward minimizing their financial impact on your business.

What Types of Risks does Business Insurance for Electrician Contractors Reduce?

There are very few risks electricians face today that there isn’t an insurance product to match. The key lies in combining the right combination of coverage and cost-effectiveness to offer adequate coverage for the most likely risks. Working with a dedicated independent insurance agency in your own community helps to address the risks your business is most likely to face without going overboard.

A solid insurance organization will take things one step further by educating you about things you can do as an electrician to help reduce your risks and minimize your insurance costs month after month.

Sole trader electrician insurance is all about helping you to reduce your risks. With that in mind, your business must be addressed as a unique entity to accommodate the specific risks you face in the operation of your electrician business.

Liability Risks for Electricians

Electricians face many different types of liability. From things you put in advertising to the work you do in homes, office buildings, and other properties. This includes work that damages property or injures people. Your liability responsibilities may include the costs of the repairs to the electrical work you’ve done as well as repairs to the property your faulty wiring may have caused.

When it comes to personal injury liability, it extends to medical bills, pain and suffering, and more for any person who was injured as a result of your electrical work. Many times this will result in settlements. In the event that it goes to trial, there will also be extensive legal bills associated with the claim too.

Liability insurance comes in many forms and electricians may need the following types of coverage:

  • General Liability (often included in a Business Owner’s Policy though most businesses prefer additional coverage beyond a standard BOP)
  • Professional Liability (Errors and Omissions)
  • Umbrella Liability (offers coverage beyond the limits of general and other liability coverages)
  • Damage to property in your care, custody or control.

Auto Risks for Electricians

Different states have different requirements for business auto insurance. That’s why it’s better to work with an insurance agency that understands New Jersey laws when it comes to auto insurance and minimum coverage – which is rarely adequate coverage for the average business. Whether you are self employed and a business of one or you have other electricians working for you, the risks of auto accidents, injuries, property damage, etc. is great and should not be overlooked when it comes to insurance coverage.

Insurance Coverage Options for New Jersey Electricians

Beyond the risks there are just some insurance products that businesses like yours need, including:

  • Property in Transit Coverage
  • Contractors Equipment Coverage
  • Leased Equipment Coverage
  • Employee Dishonesty Coverage
  • Property Insurance
  • License Bonds
  • Permit Bonds
  • Business Owners Policy
  • Inland Marine Insurance/Installation/Tools & Equipment Floaters
  • Workers Compensation Insurance (if you have employees in New Jersey you are likely going to need this type of coverage)

Why Donnelly & Sproul?

Donnelly & Sproul has a long and proud history of serving the insurance needs of New Jersey businesses. We will work with you to make sure you have the electrical contractor’s insurance protection your electrician business needs at a cost you can afford.