Electrician Insurance in Vermont

What is electrician insurance?

Electricians invest a lot in their businesses, and there’s plenty of risks that come with this line of work. Electrician insurance can help electricians in Vermont financially protect themselves from many of the risks they face.

Electrician insurance provides specialized coverages for electricians and electrical contractors. These coverages commonly include property protections and liability protections.

Who in Vermont needs small electrical business insurance?

Electrician insurance is something that most certified electricians working in Vermont should have. Although state law generally doesn’t require an electrician policy, it’s widely advised. Not insuring could prove extremely costly if something happened.

Do you need to be a licensed electrician to get small electrical business insurance?

Because Vermont generally allows only licensed electricians to do electrical work, small electrical business insurance is usually only available to those who are licensed. Other policies might be an option if you aren’t a licensed electrician but do somewhat similar work.

What protections do small electrical business insurance policies offer?

Small electrical business policies normally come with both property protections (usually for assets) and liability protections (usually for accidents). Several of each may be combined together in an electrical business policy.

Some of the property protections that might be available are:

• Commercial Building Coverage: Often covers any buildings owned by an electrical contractor. This could be an office, storage facility, garage, or other building.
• Commercial Contents Coverage: Often covers specialized electrician tools and general tools, specialized and general equipment, wires and other supplies, and typical business equipment like computers.
• Inland Marine Coverage: Often covers electrician tools, other tools, equipment, and materials as they’re transported to and from customers’ locations or job sites.
• Builders Risk Coverage: Often covers electrician tools, other tools, equipment, and materials while they’re at customer locations or on job sites.
• Business Income Coverage: Often covers against prolonged income losses caused by certain natural disasters.

Some liability protections that are frequently available include:

• General Liability Coverage: May insure against basic accidents that result in third-party injuries or property damage. Usually also has protection against slander, liable, and false advertising lawsuits.
• Commercial Auto Coverage: May insure against car accidents involving a work van or truck, usually covering vehicle damage, injuries, and other property damage. Sometimes covers non-accident damage, too.
• Errors and Omissions Coverage: May insure against property damage resulting from a mistake that an electrician or employee makes. This could be a mistake when giving advice or when doing work, depending on the policy.
• Commercial Umbrella Coverage: May provide extra insurance in case of an especially costly lawsuit that exceeds one of these other liability protections.

There are still other protections, such as workers compensation, employee practices liability coverage, and cyber coverage, that might be needed. An insurance agent who understands electricians’ needs can help evaluate different coverage options.

Do electrician policies cover electrical faults and fires?

Yes, most electrician policies have coverage for electrical faults and fires that result from an error. Such coverage might apply to various types of property damage that the fire or fault causes.

Because policies can vary, it’s important to work with an insurance agent who knows electrician policies. A knowledgeable agent can check whether a specific policy covers these risks.

How much do electricians pay for commercial insurance?

The premiums for commercial electrician policies vary, depending on factors like the following:

• Business address and region served
• Whether residential or commercial
• What electrical services are offered
• Employee certifications and experience
• Past insurance claims history

An independent insurance agent can check quotes from several companies, to see which company offers the best combination of coverages and rates. Independent agents don’t owe allegiance to any one insurer.