How to Protect Your Electrical Contractors

0 Comments

How to Protect Your Electrical Contractors

Protecting your electrical business from lawsuits can save you thousands of dollars annually. Your business may need special licensing, insurance, or bonding, and it is more affordable to protect yourself than it is to pay a lawyer to protect you. Electrical contractors often have an insurance policy through their company to cover them in case of accident. However, even the best policy is no good if there is no insurance. Electrical contractor’s insurance protects your company from lawsuits at affordable rates as low as just $ 1947/mo.

Obtaining an adequate amount of electrical contractors insurance is essential. Some states require certain contractors to purchase full liability or commercial insurance. In these states, if a contractor or his employee causes a fire, damages property, or personal injury while on the job, they may be held personally liable for all costs resulting from that incident. If you or one of your employees causes damage to someone else’s home, the person may sue you. Getting protection through a policy will protect your company and keep you out of hot water.

Certain states require electrical contractors to purchase general contractor insurance to protect against liability for damages to the building or structure and/or for personal injury. To get this insurance, check with your state contractor’s office. In most states, this type of protection is also required if the contractor is the actual homeowner within the structure. It is not uncommon for people to sue contractors who did not properly install wiring, appliances, etc. If a contractor’s insured self-implements any problem, he or she can be sued personally for the cost of repairs.

If your contractor’s insurances do not cover you for personal injuries or damages done to another person’s property while on the job, you may need to purchase additional insurance coverage. There are some states that require electrical contractors install personal liability coverage. The cost of this coverage depends on how extensive the damage was to the individual’s residence. Most policies will cover damage to electrical fixtures and property in the home and provide up to a maximum amount of money for personal injuries to other individuals. Some states do allow up to a maximum of one million dollars per occurrence for personal injury coverage. To learn more about this protection, talk to your contractor.

If you are a contractor who is involved with laying underground utilities, pipes or electrical wiring, it is essential that you purchase professional liability insurance. As mentioned above, these policies will cover you in the event that your contractor causes injury to an individual while working on electrical installations, pipes or utilities. The policy will also cover you if a customer experiences damage to property because of the work you perform. There are a number of things you should know before purchasing a contractor policy for protecting yourself and your business.

For new businesses, it is important to purchase the right types of insurance, protecting both yourself and your business. Electrical contractors need to know that their companies must meet the strictest state and federal requirements. Your current polices may not be adequate enough to protect you in the event you have customers turn over their properties to you for work. If you want to protect your company and employees, find the best electrical contractor’s insurance policies available to you today.

Obtaining an adequate amount of electrical contractors insurance is essential. Some states require certain contractors to purchase full liability or commercial insurance. In these states, if a contractor or his employee causes a fire, damages property, or personal injury while on the job, they may be held personally liable for all costs resulting from that incident. If you or one of your employees causes damage to someone else’s home, the person may sue you. Getting protection through a policy will protect your company and keep you out of hot water.

Certain states require electrical contractors to purchase general contractor insurance to protect against liability for damages to the building or structure and/or for personal injury. To get this insurance, check with your state contractor’s office. In most states, this type of protection is also required if the contractor is the actual homeowner within the structure. It is not uncommon for people to sue contractors who did not properly install wiring, appliances, etc. If a contractor’s insured self-implements any problem, he or she can be sued personally for the cost of repairs.

If your contractor’s insurances do not cover you for personal injuries or damages done to another person’s property while on the job, you may need to purchase additional insurance coverage. There are some states that require electrical contractors install personal liability coverage. The cost of this coverage depends on how extensive the damage was to the individual’s residence. Most policies will cover damage to electrical fixtures and property in the home and provide up to a maximum amount of money for personal injuries to other individuals. Some states do allow up to a maximum of one million dollars per occurrence for personal injury coverage. To learn more about this protection, talk to your contractor.

If you are a contractor who is involved with laying underground utilities, pipes or electrical wiring, it is essential that you purchase professional liability insurance. As mentioned above, these policies will cover you in the event that your contractor causes injury to an individual while working on electrical installations, pipes or utilities. The policy will also cover you if a customer experiences damage to property because of the work you perform. There are a number of things you should know before purchasing a contractor policy for protecting yourself and your business.

For new businesses, it is important to purchase the right types of insurance, protecting both yourself and your business. Electrical contractors need to know that their companies must meet the strictest state and federal requirements. Your current polices may not be adequate enough to protect you in the event you have customers turn over their properties to you for work. If you want to protect your company and employees, find the best electrical contractor’s insurance policies available to you today.

Leave a Reply

Your email address will not be published. Required fields are marked *