What Is Electrician’s Insurance?

by Editor on September 23, 2017

What is Electricians Insurance and why you need it

Electricians, whether they’re self-employed or running a business, need electrician’s insurance. The insurance should be provided by an insurance company that understands the unique risks that electricians face, and offers cover and essential protection so that electricians can work knowing that they do not have to worry about legal and financial costs arising from accidents, mishaps, and mistakes on the job site.

Tradesman Saver ticks all the boxes that you would want an insurance company to. Regardless of whether you work in commercial, domestic, or industrial sectors, working with electricity, power cables, and power tools is risky. Ideally, you want cover from an insurance provider who has your back for all public contracts and private jobs.

Even after acquiring experience and qualifying certifications, you’re not immune to mistakes or the suffering of consequences arising from mistakes that your employees make. Injuries and property damage that can be traced to your work may leave you facing huge claim amounts. You may take years to recover from the costs of these claims. Many small tradesmen running businesses simply cannot absorb the costs of massive claims and fold. However, it doesn’t have to be that way. An electrician insurance package created for your business is necessary. It’s a small investment to assure the security, growth, and continuity of your business.

As a tradesman, you should seek insurance that is the best fit for your line of work. An electrician-specific insurance is a much better option as compared to generic insurance, which may leave you exposed to the prohibitive costs that accompany untoward events.

You stand a better chance of gaining clients when they learn that your business is covered against liabilities. Many contractors are very particular about hiring only insured subcontractors. Finding electrician’s jobs on established forums such as British Associations becomes easier for insured electricians. The http://www.britassoc.org.uk/electricians.htm page offers a wealth of information for those in the electrician trade, and many opportunities for guidance, business growth, access to marketing materials, training courses, certifications, and more.

The Electrical Contractors Association (ECA), http://eca.co.uk/, was formed in 1901. Since then, it has served the interests of electrical engineers, electrical contractors, standalone electricians, and those employed in the field of electrotechnical design. Membership with the ECA entitles you to support and education on the latest technologies, health and safety, employee relations, and you also benefit from the extensive ECA network. If you have questions about the benefits of electrician’s insurance, then you can chat up fellow electricians that attend ECA events and get valuable information.

Electrician’s business insurance offers the following cover –

  • Public liability insurance: While not a legally compulsory insurance to have, this insurance is essential because of the protection it affords. This insurance covers against claims raised by members of the public because of injury or damage to property. The cover extends to property damage and injuries that may happen after the work has concluded; for example, from faulty wiring or poor quality materials used. Many businesses subcontract work only to those entities that have their employees covered under public liability insurance.
  • Employers’ liability insurance: Employer’s liability insurance is legally required for businesses employing staff or subcontracting labour from third parties. Employers are responsible for the safety of electricians during work hours and also when these employees are in transit. While this insurance is always there to absorb the costs of legal claims and medical expenses that arise from injuries to employees, it does not mean that the employer adopt a casual approach toward employee safety. If an insurance company or the court of law deems an electrical contractor as negligent towards employee safety, it may direct the business to bear all the expenses related to employee injury. Businesses that are legally required to have employer’s liability insurance face stiff fines for each day that the insurance cover is absent.
  • Buildings cover: Depending upon the size of your business, buildings cover may be a useful insurance to have. It protects from costs arising from fire, floods, earthquakes, and acts of God. Having this insurance will make it easy for your business to function in the event of a natural calamity that damages your business premises.
  • Business equipment: It provides cover for equipment in cases of theft, damage, and misplacement.
  • Tools cover: An electrician’s tools are the source of his income, and many of these tools are expensive. This cover is a common-sense protection against stolen, damaged, or lost tools of the electrician’s trade.

Other types of cover that electricians should consider depend upon the extent of liabilities they face. The risks associated with working at commercial establishment sites differ from those faced by electricians who specialize in household repairs. Insuring vehicles is an option to consider.

Tradesman Saver understands your business and the risks attached with it. The policies are structured to enable the broadest possible cover at the most competitive rates. Electrician insurance is recommended for electrical contractors, electrical repairers, HVAC workers, lighting contractors, and construction contractors.


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