Electrician Insurance in New Hampshire

Also providing electrician insurance to residents in Massachusetts, Maine, Rhode Island, & Vermont.

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What is electrician insurance?

Businesses that provide residential and commercial electrical services are exposed to a variety of risks. Equipment theft, car accidents, and damage from bad advice are just a few of the perils that could plague a business. New Hampshire businesses may help protect themselves from many such risks by getting a robust electrician insurance policy.

Electrician insurance provides tailored coverage for electricians and their businesses. Policies usually protect against a variety of property and liability risks that electricians often face. 

What New Hampshire businesses need small electrical business insurance?

Small electrical business insurance is recommended for most electricians working in New Hampshire. Both residential and commercial electricians will likely find that this meets their needs well.

Some large electrical contractors might find that their needs exceed what these small business policies can provide. Few contractors in the state are so large that they need more protections than what a small electrical business policy can provide.

Of course, not getting insurance for a business of any size leaves the business open to potentially crippling financial risks. 

What coverages does small electrical business insurance offer?

A typical small electrical business policy includes several coverages that complement one another. Some of the included coverages could be:

• General Liability Coverage: Often covers common accidents that result in injuries to third parties or damage to their property.
• Errors and Omissions Coverage: Often covers financial liabilities for mistakes or omissions in work that negatively impact customers.
• Commercial Umbrella Coverage: Often adds an additional layer of liability coverage for particularly costly claims.
• Commercial Property Coverage: Often covers buildings, equipment and inventory owned by the business.
• Inland Marine Coverage: Often covers equipment and inventory while it’s being transported between locations.
• Commercial Auto Coverage: Often covers company-owned vehicles, like work vans and pickup trucks.
• Business Income Coverage: Often compensates for revenue losses that continue after a covered incident.

There are still more coverages that electricians might want for their businesses. An insurance agent specializing in small electrical business insurance can help explore all coverage options.

Do electricians need to get workers compensation coverage?

Workers compensation coverage may provide important protections if an employee is hurt on the job, which is certainly a risk anytime employees are working with live wires.

New Hampshire state law usually requires businesses, including electrical services businesses, that have employees to carry workers compensation so that their employees are protected when working. Self-employed electricians who work alone likely don’t need this coverage.

When workers compensation is needed, it might be purchased alongside, or as part of, a small electrical business policy. 

Does homeowners insurance cover self-employed electricians’ work?

Self-employed electricians who work out of a home office generally still need a small electrical business policy. Homeowners insurance normally doesn’t cover the liability risks that come with electrical work, and homeowners usually also won’t cover equipment used for the business.

How much do electricians pay for insurance?

Electricians will find that insurance premiums vary across insurers and policies. Each business ends up paying a different amount, as numerous factors go into calculating premiums. Business size, business location and services offered are only a few of the details that insurance companies look at. 

Despite variances in premiums, however, insurance tends to be fairly affordable. Small electrical business insurance is designed to fit a local or regional electrician’s budget.

An independent insurance agent can help check exactly how much a policy will cost, by comparing quotes from several different insurance companies in the state.

How can electricians get electrician insurance?

For help insuring a small electrical business that’s in New Hampshire, contact the independent insurance agents at Insurance24. Our agents will work closely with you to identify coverage needs, and then find an electrician insurance policy that meets those needs well. Together, we can make sure your business is protected well.