If you are an electrician, you face the same risks as other business owners and more.
The equipment used can be hazardous and so can the structures worked on, whether residential or commercial in nature. In the event of a fire, investigators first look at the possibility of your liability for the occurrence.
Those in your line of work prefer bundled insurance coverage, known as a Business Owners Policy or BOP.
The Electrician’s Business Owners Policy
The basic BOP saves you money on premiums by packaging three important insurance components together under one policy.
- Commercial General Liability Insurance
This type of coverage can shield your business in the event you are sued in relation to an injury or property damages. It can also help protect you from specific slander and libel claims.
- Commercial Property Insurance
This coverage can shield your business property or rented location, as well as equipment storage space, from the expenses incurred as a result of theft, fire and other specified events.
- Business Income Insurance
This type of coverage will protect you from a loss of income resulting from business interruption due to specified property damage.
Other coverage options can include:
- Computer and Media Insurance
- Contractor’s Equipment Insurance
- Commercial Auto Insurance
- Hired & Non-Owned Auto Insurance
- Workers Compensation Insurance
- Employee Practices Liability Insurance
For a free consultation about a BOP and how it relates to your individual business situation, contact us the professionals at Prime Insurance.
PRIME Insurance is a three-generation family-run independent agency. We’re proud partners with many of the leading companies in the industry – big names such as ACE, ASI, ASSURANT, CHUBB, CNA, Employers, FOREMOST, Liberty Mutual, MetLife, PROGRESSIVE, Safeco, StillWater, Travelers, The Hartford, USLI, ZURICH and more. This gives us the ability to provide all forms of nationwide coverage at competitively lowest quotes. HAVE A PRIME DAY™! Visit us on our online insurance website; email us at PRIME [at] primeins [dot] com or call us at 732-886-5751.
Summary: The electrician faces many hazardous risks that a tailored Business Owners Insurance policy should address.