What is electrical contractors insurance?
Own or manage an electrical contracting business? Getting the right cover can be complicated, time consuming and expensive. Insurers generally consider electrical contractors to be in a ‘high risk trade’, but working with a specialist broker like Real Insurance can make life much easier. An electrical contractors insurance policy can be flexed, but we can provide quotes for a range of considerations:
- Get the correct level of Public Liability insurance and satisfy the requirements of the main contractor or client
- Get the right level of Employers Liability insurance. If you have staff, even if only casual or part time, you must have cover in place
- Being an electrical contractor presents some unique risks. Working with heat or at height, for example, may invalidate a general business policy. We can help ensure you have all the right small print in place.
- Protect all of the assets of your business on a single, easy to administer policy. We can provide cover for everything you need, from office equipment to tools and stock.
- Access flexible cover for your business vehicles. You may have one or more vans and a number of employees who need flexible access to get behind the wheel. We can help.
There are plenty of other considerations to make. But arranging the right cover for your business needn’t be hard work. Speak with one of our advisors today. They’ll be happy to get to know your business and recommend what cover you need – and what you can do without!
Do electrical contractors need insurance cover by law?
That really does depend. If you have anyone working for you, even if on a casual basis, you will need Employers Liability insurance.
Employers Liability is likely to be a condition of your contract with either a main contractor or the customer, too. And it’s likely that they will also want a certain level of Public Liability insurance to be in place. If you have contracts in place with customers, we can help you to understand what is being specified and ensure that we get a quote for cover that meets the requirement.
If you have premises, it’s almost certainly going to be the case that, if you rent, your landlord will expect to have insurance in place. If you own your own premises with a mortgage, it’s again almost certainly going to be the case that your mortgage lender will insist you have building cover.
Where you have vehicles, it’s important to understand that, not only do you need to have insurance, but that a domestic motor insurance policy won’t cover your business activities. Not only can we provide quotes for the correct commercial vehicle cover, we can also advise and provide cover even where tools are kept in the vehicle overnight in some circumstances.
So, it’s very likely that you do need some key covers in place by law, or at least as a contractual obligation and in order to be able to get on site and get the job done.