As an electrical contractor, your work involves everything from installing and maintaining wiring and lighting systems to troubleshooting and repairing electrical equipment. Whether you’re on residential jobs, commercial projects, or working in office buildings and homes, your day-to-day responsibilities come with real risks.
That’s why it’s important to understand the exposures your business faces—and what kind of insurance coverage can help protect you.
Note: This guide is for electrical contractors who work inside buildings—not those dealing with high-voltage outdoor lines.
Common Risks You Face
Property Damage
Your tools, equipment, and materials are essential to your work. Whether it’s non-conductive hand tools, testing devices, portable generators, or gear stored in your office or shop, theft, fire, weather damage, or vandalism could bring operations to a halt. On top of that, business interruptions can delay projects and reduce income.
Vehicle Accidents
If you or your crew drive between job sites or transport tools and supplies, you know the risks of being on the road. An accident can lead to repair bills, downtime, or even liability if someone is injured.
Liability Issues
You’re also exposed to potential lawsuits if someone is injured on your job site or if your work causes property damage. A customer might trip on a cord or claim that your completed work led to electrical issues down the line.
Cyber Threats
More contractors are using digital tools to manage jobs, invoices, and customer data. That convenience comes with risk. A cyberattack or data breach could compromise sensitive information and leave you dealing with major costs.
Insurance to Help Protect Your Business
Here are some types of coverage that can help safeguard your work and your livelihood:
- Commercial Property Insurance
Covers your shop, storage spaces, tools, and materials if they’re damaged or stolen. - Commercial Auto Insurance
Helps pay for repairs and injury claims if your work vehicle is involved in an accident. - Installation Floater or Inland Marine Insurance
Protects your tools, equipment, and materials while they’re being transported or stored at job sites. - General Liability Insurance
Covers legal costs if someone sues you for property damage or injury caused during your work. - Completed Operations Coverage
Helps if a client claims your finished work caused injury or damage after the job was done. - Cyber Liability Insurance
Covers the costs related to a data breach, including customer notification, legal fees, and recovery expenses. - Errors and Omissions (E&O) Insurance
Protects you if a client says you made a mistake, didn’t deliver what was promised, or did incomplete work. - Employment Practices Liability Insurance (EPL)
Helps cover legal defence costs if an employee files a claim for harassment, discrimination, or wrongful termination. - Umbrella or Excess Liability Insurance
Adds extra protection if a claim exceeds the limits of your other liability policies.
The Bottom Line
You work hard to build your business—make sure it’s protected. The right insurance coverage gives you peace of mind so you can focus on getting the job done.
Want help reviewing your coverage or filling in the gaps? Contact us today.