An electrician’s job has numerous risks associated with it. Live wires, short circuit fixtures, active circuits, and highly specialized equipment are a norm to deal with if you are an electrician. Whether you work in a commercial environment or a residential site, your job entails all types of danger.
Regardless of the dangers associated with the job, as a society, we realize that electricians and their skill set are the only barriers between us and endless darkness – quite literally. At Paradiso Insurance, we realize an integral part of the society that is our electricians and provide an apt solution to provide them the best safety that we can. This safety includes protecting their business, client disputes, unfortunate accidents, your workers, and everything in between.
Before getting into the types of policies they should have in place as electricians, business owners, and tradesmen, we first get into;
What exactly is an “Electrician’s Insurance”?
To put it simply, the electrician’s insurance works just like any other business insurance. The only difference is – it is directed towards electrical contractors keeping in view the risks that face in the line of duty. For instance, you can look into our Connecticut Insurance Program includes customized insurance plans designed electrical businesses and include liability and property coverage at the right prices.
Types of policies to have in place
Like any other business, liability coverage includes medical payments, bodily injury, property damage, and other mishaps. For instance, if your customer gets hurt due to an accident, which was your or one of your teammates’ fault, the customer can make a claim against you. You need your insurance to cover liability to the greatest extent.
Liability insurance has two tiers – general liability insurance and professional liability insurance. The first one has explained above. Professional liability insurance protects you if a mishap or mistake occurs in providing basic and advanced duties as an electrician.
If you harm the environment by dumping material containing harmful substances such as PBCs in the open, you might need insurance to protect you against the claims which may arise.
If your employees face a medical emergency or are exposed to injury while working, employers’ liability insurance will help you with rehabilitation costs, lost income or wages, death benefits, etc.
What if you cause bodily harm or damage someone’s property whilst operating your vehicle in your line of work? You will get a claim made against you, and to protect yourself against the extraneous stress of going through the legal procedure, you should invest in a good insurance program.
Commercial Property Insurance
Your business’ physical location is important in maintaining its ground roots. Plus, your equipment, such as ladders, voltage, etc. can be compromised when you work in a commercial location. Your commercial property insurance will protect you from this feat and any claims made in this regard.
All these policies are important to have in place so that your business does not suffer in the face of legal claims. Your business and its progress is the most important thing. Ascribing to an insurance plan which covers all these areas will keep you safe – monetarily, mentally, and emotionally.