Electrical Contractor Insurance in Illinois

  • Competitive insurance prices from A+ rated insurer
  • Online, no paperwork. Your policy will be emailed instantly
  • Over 25,000 small businesses in U.S. have used BizInsure

Get instant quotes

What is Electrician Insurance?

Electrical work can be dangerous. Even if a person is skilled and knowledgeable but they can still make a costly mistake. Additionally, the possibility of a lawsuit can cost you money.
Electrical contractor insurance offers financial protection against losses that may be devastating caused by accidents, damages to property, or other risky situations.

Electric contractor insurance is a shorthand term used to describe insurance policies that you might want to consider protecting your Illinois electrical business.

Why do electrical contractors need insurance in Illinois?

If you’re an electrician, working with electrical systems could be dangerous in Illinois. Electricians are susceptible to fires or injury due to the live wires. They may even cause damage to their customers or their property.

Business insurance helps Illinois electricians to cover the typical risks faced by electrical contractors. Without different types of insurance coverage, you could be liable for costly legal fees as well as compensation and other expenses that can take your bank account to the limit.

Customer service icon

Contact our licensed agents now

You can rest easy knowing you’ve got insurance at reasonable cost from top-rated insurers.
BizInsure’s licensed and knowledgeable agents are available to assist you in choosing the right insurance plan.

What types of insurance do electricians need in Illinois?

As an electrician has a range of options for insurance. BizInsure’s electricians’ coverage is extensive and cost-effective.

General Liability Insurance

General Liability insurance policy can protect you against any claim by an outside party regarding injury or damage to their property. In these instances, your policy will cover your legal expenses as well as your cost to replace or remedy the situation up to the limits of liability.

Many consider this coverage to be the basic coverage for electricians. It shields them from legal actions and financial obligations resulting in accidents. The coverage covers:

  • Damage to third-party property
  • Third party injuries

Electrician General Liability coverage is provided whether or no claims can be made.

Business Owners Policy

Business Owners Policy (BOP) is a convenient package of insurance that protects your business against the common risks it faces every day. The BOP product includes various coverages that may suit the unique requirements of your small business. Insurance included in a BOP can vary but usually they include protection for typical small business risks such as property damage, business interruption and liability.

Professional Liability insurance

Professional liability insurance policy (also known as Errors & Omissions or E&O insurance) is an essential policy that protects you and your company in case of a lawsuit due to alleged professional wrongdoing.

Professional Liability insurance covers events such as:

  • Giving incorrect advice to clients regarding accessibility or other requirements within the building
  • Your work is flawed and may require the client to pay for new materials or labor
  • The client claims that you were in error even though it is false

Workers Compensation Insurance

Workers’ Compensation policy protects you against medical expenses and lawsuits that can arise from employee workplace injuries and illnesses. It could also pay lost wages as a result of the work injuries that an employee sustains.
Illinois law requires that employers with employees need to have workers comp coverage.

Insurance for tools and equipment

The equipment and tools that you employ as an electrician in Illinois is essential for your success.
Coverage for Tools and Equipment will help you avoid financial loss in the event of an unexpected event.

Cyber Liability Insurance

Electrical contractors must be aware of cyber security threats. In our modern world data breaches are on the rise. Cyber Liability insurance covers the expenses associated with recovering from data breaches, including legal fees, credit monitoring for the affected people, as well as notification expenses.

How much does electrician insurance cost in Illinois?

The cost of electrical insurance in Illinois is affected by a variety of factors, including contractual requirements, the number of employees or other risks associated with your job.

A business that has multiple electrical contractors pays more insurance premiums than a contractor who only works by himself. The cost of insurance for electrical businesses is affected by

  • Size and revenue size of a business
  • What number of employees are covered under the policy?
  • What type of services do you provide?
  • The location of a company
  • Your claim history
  • Coverage level

Save money on your Illinois electricians insurance

Here are tips for reducing your business insurance cost.

  • Compare quotes – Comparing quotes can help you to identify a policy that will meet your requirements and falls within your budget.
  • Risk management – By taking steps to lower risk, you may be able to reduce the cost of insurance.
  • Make your payments in advance – You can save money by paying your premiums in advance.
  • Higher your deductible – You may be able to reduce your premium through increasing the deductible. It is important to consider if you have enough funds to cover any claims.
  • Review and update your policy annually – It is recommended to examine your policy every year to ensure it is still meeting your needs.

How do I get an electrical contractors liability insurance policy in Illinois?

Small business management is a lot of work. Electrical contractors face unique challenges every day. BizInsure made it simple for electrical contractors and electricians to obtain insurance.

Our team is available to answer your questions, help you learn about your insurance requirements and help you choose the right option for you.

Ready to get started? Contact us or compare multiple quotes to protect your Illinois business today.

*The provision of the claims examples are for illustrative purposes only and should not be seen as an indication as to how any potential claim will be assessed or accepted. Coverage for claims on the policy will be determined by the insurer, not BizInsure.
As with any insurance, coverage will be subject to the terms, conditions and exclusions contained in the policy wording. The information contained on this guide is general only and should not be relied upon as advice. The number of quotes provided varies between products, occupations and other underwriting factors determined by the insurers.
© Copyright 2023 BizInsure LLC, 2015 ALL RIGHTS RESERVED BizInsure LLC; CA DBA: Simple, Smart, BizInsure Insurance Agency LLC; NY DBA: BizInsure Services LLC; NH DBA: Simple, Smart, BizInsure Insurance Agency; PA DBA: BizInsure Services LLC. 2950 Buskirk Ave Suite 300, Walnut Creek CA 94597. License #0H81929
Amy was a delight to work with she help me with finding he right policy for my business I can't thank her enough for her help
I purchased liability insurance for my home care agency, Unlimited Gentle Care, and the process was seamless and straightforward, ensuring that every aspect of our liability was covered. This company also offers a great value for the extensive coverage my company receives
BizInsure was an easy way to purchase insurance for my business.Kaleb especially was a great help.Thanks,Rich Valentini
awsom service, perfect price and great policy
I have purchased General Liability Insurance for the past 4 years at BizInsure for my wedding videography small business. In these 4 years, it has always been a smooth process.There must've been some sort of technical issue (potentially due to my change in address), so my policy didn't auto-renew. I called Bizinsure and talked to Paulina, who was beyond helpful. She was very polite and explained things very well. One small detail that I can appreciate is that she often said my name, which shows that their customer service is intentional about personalized communication.In just a few minutes, we updated my account + renewed my insurance for a 5th year. I highly recommend Bizinsure!
great customer services.
This company allowed us an amazing experience, including very efficient, detail-oriented, and patient guidance from their commercial sales agent, Jenifer. I highly recommend this service for anyone in need of a business insurance policy.
Jennifer was very helpful and great to work with.
Very professional, fast and reliable. I appreciate their knowledge and experience. They have made this journey easier for me.
Very easy to renew! Thank you
super quick and easy process!
I am very satisfied with Bizinsure. No regrets
Very professional, easy, and thorough application process.
BizInsure is efficient and price friendly. I definitely reccommend them to anyone. Thank you.
Very easy to work with, cost effective, prompt renewal and easy to get certificates of insurance instantly. I use them exclusively for my professional and general liability insurance needs as a consultant.
Great process and very efficient.
Friendly and very fast service!
Jennifer Whiscombe, is an amazing agent. She was very knowledgeable, thorough and friendly. I highly recommend.
They make it very easy to buy insurance and renew.
As a business owner I love not wasting time. Thank you so much for giving me more time
Very straight forward, the cost of coverage amount made sense, simplicity was appreciated.
Always easy. Thank you.
A Company that is easy to deal with and that I have used for several years. I appreciate the continued support.
Very easy and affordable!
Responsive and professionalCompetitive price. I highly recommend Bizlnsure as an insurance provider
Your service is easy to renew as needed and your company informs the client in advance for renewal.
It has been a pleasure doing business with Biz Insure Llc.Their representatives are very courteous, helpful and customer service oriented.
Quick and easy....
I follow the instructions & would prefer to paid every month. I did not have the options to pay every month.
Thank you, Amy, for making my experience enjoyable and funny. Thank you so much for your kindness!!!
I'm pleased with the business quote I received from Bizinsure LLC. Thank You!
Very satisfied with the online experience
Been a happy customer for years! Easiest company to receive a quote and get insured. No hassles! Easy payment! Finance plans, if needed!
Love it
Every year, BizInsure is my go to for general and professional liability insurance! Thenrates are unbeatable.
The agent was quick and efficient in generating a quote for my needs.
Google Rating
Based on 285 reviews