Electrician Contractor Insurance

Electrician contractor insurance also known as general liability insurance for electricians is an insurance policy that provides financial protection to contractors in the event they causes loses, damages, or bodily injury to clients or third parties. If the cause of loss is insured by the policy, only then does this insurance kick in to pay the amount the insured becomes liable for up to the policy limit.

Electrician contractor insurance

We recommend having at least $2,000,000 worth of coverage. Rates starting at $625 for the Year!

Why Should Electricians Consider General Liability Insurance?

Everybody in Canada needs electricity and electricity is a mechanical thing. You have switches that are constantly turned on and off. You have breakers and wires that are being constantly fed with power. Everything mechanical will break down at some point in time and this is where your electrical company can come in handy. However, before you just run out and start making electrical repairs and installations, you need to know that you need to protect yourself. You are going to be exposed to certain risks that could result in major financial losses. This is why it is important to have certain insurance policies. And, one policy that is more important than ever is the general liability insurance policy for electricians.


What is Electricians Insurance And What Does It Do?

Electricians insurance is a very unique coverage that will cover you in the event that you cause bodily harm to the customer or you damage their property. This is extremely important because you are going to constantly be in and out of clients’ homes. It is entirely feasible to think that you could easily break something in the customer’s home while doing a repair. If the customer so as much trips on your screwdriver and breaks his or her leg, this policy will kick in and offer the coverage that you need. It will pay to have the damaged property repaired and it will pay the medical expenses that the customer will face. It should also be important to know that this policy will protect your employees under the very same circumstances. 

To extend coverage to your employees, make sure to tell your broker. This coverage is not added on automatically.

an electrician working on residential wiring to prevent a short circuit from occurring


What Is The Average Cost For General Liability Insurance?

You can already see that electricians contractors insurance is essential for any electrician in Canada. So, you are probably already wondering about the price. Well, pricing insurance can be a bit tricky. Not only are there a number of providers in the area, but also providers base their costs on different factors. Some providers might base their price on the number of employees and the previous claims that you have filed. Other providers might determine the overall cost of insurance based on how long you have been in business and how much money you bring in each year.

That being said, most average electricians in Canada can expect to pay anywhere from $625 to $950 dollars a year. Some larger companies with higher risks might have to pay anywhere from $1,000 to $3,000 a year.

How Much Coverage Does An Electrician Need?

Not only do you need electricians contractors insurance, but you also need to make sure that you are covered with the right amount. Of course, the amount of coverage that you are going to need really depends on your company and its specific needs. Larger companies that deal with industrial and commercial sized jobs will require much more coverage. A smaller one-man contractor might not even need half the coverage as a larger company. Experts recommend at least a 2 million dollar policy coverage for average to mid sized companies and exploring coverages about 5 million dollars for bigger companies with commercial exposure.


We Can Help

Our Canadian based insurance company can provide you with the quotes and coverages that your company needs. Not only do we specialize in general liability insurance, but we have highly trained agents that can help you build an insurance package that will protect your company against all threats.

get a contractor liability insurance quote


We can also provide a construction bond for electrical contractors in the event a bid or tender requires a financial guarantee in place

Types of Construction/Contract Bonds we provide:


Frequently asked questions


Other Types of Contractors We Commonly Insure