Insurance for Electricians

Why do Electricians need insurance?

Fires, injuries from live wires, accidental damage to a customer’s home, tool theft… There are many reasons why protecting your electrician business with business insurance is a bright idea!

When you’re working with clients, suppliers, and on construction sites, there is plenty of potential for things to go wrong. The last thing you need is a client injuring themselves on one of your sites or an expensive piece of your equipment stolen.

Don’t let a potential slip-up in your work or a client with a short fuse short circuit your business. Protect it against liability claims and other unexpected events. With just a few clicks or a single phone call, you can get multiple competitive quotes from leading insurers. Select your preferred policy and get covered instantly, so the only thing you need to worry about is adding a bit of spark to your client’s day.

What insurance do electricians need to consider?

Let’s look at common types of cover you may need to add to your business insurance toolbox!

Public Liability Insurance*

Public Liability insurance is the most common type of insurance that every responsible electrician should have. It covers legal fees and compensation costs if a customer, member of the public, or a supplier claims against you for injury or damage to their property as a result of your alleged negligent business activity.

Electricians in most states and territories must have minimum levels of Public Liability cover to maintain their electrical license. However, even if it’s not mandatory in your state, it might be worth having.

There’s a lot that can go wrong when you’re working on a construction site or in people’s homes. No matter how good you are at your work, the risk of causing fire, property damage or personal injury is high. Even the smallest of mistakes can have big consequences. For example, the good old ‘putting a foot through the ceiling’ could set you back a couple of grand^†. It’s times like this when you’ll be glad to have a Public Liability policy!

Professional Indemnity Insurance*

Professional Indemnity (PI) insurance covers electricians for losses claimed by a third party & defence costs due to alleged or actual negligence. PI Insurance will also assist with the legal costs associated with responding to or managing claims which are covered by the policy.

Your customers, clients, and the contractors you work with may rely on your electrical knowledge and experience. If you accidentally give them bad advice or misspeak while providing a recommendation, you could create big problems.

That’s where your Professional Indemnity policy steps in, helping you manage the cost of claims or lawsuits that come your way.

Business Insurance*

Business Insurance is an insurance package designed to provide cover for your business contents, stock, tools and commercial premises when an insured event occurs (such as fire, storm, theft or even accidental damage).

A Business Insurance package can also cover your portable equipment, glass and for loss of revenue due to business interruption in specified circumstances. In addition, cover is available for public liability, tax audit, employment practices and statutory liability risks.

Your tools and equipment are essential to your livelihood, so what would you do if suddenly you were left without them? Protecting them will ensure you’re not left in the lurch.

Personal Accident and Illness insurance

Personal Accident and Illness insurance can provide cover should you become permanently disabled or pass away as a result of an accident. Cover can also include a weekly benefit for loss of income if you are unable to work as a result of an unexpected injury or illness (even if it occurs outside of your employment).

You rely on your physical ability to get the work done – but have you stopped to think about how you would keep on paying the bills if you were to injure yourself or fall ill and had to take time off work?

Accidents can happen anywhere, anytime. It could be at work or even when you’re out and about enjoying your spare time. Your Personal Accident and Illness policy could help you keep the lights on if you’re injured at work or play.