Electrical work, even when it’s done by experienced hands, comes with inherent risks and dangers. An error can result in property damage, injury and/or death, and this doesn’t even take into account the property losses that a business can face. Electrician insurance policies help protect electrical contractors and electricians working in Massachusetts from many of the potential perils they face.
Electrician insurance is a specialized form of commercial insurance that’s uniquely designed to meet the needs electricians. Policies are usually written as package policies that combine multiple coverages together, and electricians often can adjust their policy’s exact coverages to suit their particular situation.
Most businesses in Massachusetts that work with electrical currents should have some electrician policy in place. This includes (but may not be limited to):
Moreover, these businesses usually need coverage regardless of their legal structure. Incorporating might provide some legal protection, but the protection afforded by incorporation is generally different from what’s offered by an electrician policy’s insurance coverages.
The exact coverages included in electrician policies can vary, but there are some common coverages that many policies make available as standard or optional protections. Policies often offer:
Electricians can get help finding the coverages that make sense for their situation by talking with an insurance agent who specializes in these policies. A specialized agent will be familiar with the many coverage options that are available, and they’ll know what sorts of businesses can benefit from each.
While some businesses in the field need workers compensation coverage for workers they employ, this coverage isn’t included in many electrician policies. Instead, it’s normally purchased separately through a stand-alone policy. Most insurance agents who assist with electrician policies can also help with workers compensation policies.
Depending on an electrician policy’s terms, conditions and exclusions, it might cover a range of potential incidents. Some examples of what a policy might cover include:
Insurance companies look at many factors when setting rates for electrician policies. A business’ location, service area, scope of electrical work and the equipment used can all influence premiums, as can many other factors.
An independent insurance agent can help businesses find out what a policy would cost them. Independent agents aren’t linked with any one insurer, so they can compare quotes from several different companies and show business owners the best available options.
For help obtaining electrician insurance, contact the independent agents at Paul T. Murphy Insurance. Our team has worked with many businesses in Massachusetts, and we have the expertise necessary to find a policy that has the right coverages for your business.