Electrician Liability Insurance: Peace Of Mind On Paper

Hiring the best electrician does not mean finding the cheapest service out there. Affordability should not be the chief factor that you should consider when deciding to hire a contractor. With his quote comes dependability as well as safety know-how. Electrician liability insurance is also a huge part of an electrician’s quotation.

Before you start interviewing electricians, it is best to ask a few simple questions. First, ask if he has a current license. Electrical contractors can have many different kinds of licenses for different kinds of jobs. Seek out the state certified contractors because these are the ones that spent time studying the trade and they are often the ones who are at the very top of their profession. Regional and county certified contractors, on the other hand, are only able to practice their profession in limited areas.

The next big question is whether he can offer some form of insurance. Know that an insured electrician is almost always a safe electrician. An accident can occur during installation, renovation or repair projects so the electrical contractor is primarily responsible for the monetary benefits that the hurt person is supposed to have.

Insured electricians protect workers’ rights as they also protect the customer. Insurance safeguards the project against theft and accidents. This also spells an expense-free situation for the customer should the electrical components be damaged or stolen.

Is Insurance A Must?

If you are an electrical contractor and are wondering whether you should invest on an electrician liability insurance, then the answer is a resounding yes.

Liability insurance offers you peace of mind when you need to provide a broad range of protection. Just imagine this - a customer asks for an update in his home’s electrical system; you do the project and then after just a few days, an electrical fire consumes that very home to the ground. Your client’s family is left homeless and also penniless, hence, the biggest financial obligations are set right before your very eyes.

This is one of the many reasons why liability insurance is a must for every Electrician liability insurance. Realize that the number of court cases filed pertaining claims due to electrical accidents have significantly increased in the last decade.

With liability insurance, an electrical contractor is protected from personal injury claims as well as the medical expenses that come with such an incident.

Liability insurance protects from property damage as well as physical damage or loss of use. Contractual liability is also covered by this type of insurance, this meaning your entry into different kinds of contracts.

An electrical contracting business is protected where there is a liability insurance. Simply put, if anyone slips and then falls outside of the structure where you are having an electrical project being done, then the electrical contractor is covered.

Contractors that do not have liability insurance could potentially lose their business. They could also end up losing their personal assets such as their homes and other properties. More importantly, an electrical contractor who keeps getting claims will soon lose his reputation.

Thousands if not hundreds of thousands of dollars are spent each year on legal costs. A contractor who needs to pay medical costs could easily pay for thousands worth of hospital bills. It is easy for a contractor to find himself destitute or bankrupt all because he chose to save a few dollars on insurance premium.

As a customer, getting an electrician liability insurance quote is easy. Search online and get in touch with companies in your state. Just answer a few questions that your insurance agent throws your way and you can soon concentrate on running your business and gaining more clients rather than worrying about liability concerns.

When you need anything in regards to lighting repaired, look no further! Our skilled techs at Valley West Electric can fix any and all kinds of lighting repairs.