Insurance for Electricians in New Hampshire

General Liability insurance

Also referred to as Commercial General Liability (CGL) or “slip and fall coverage”, this insurance can protect your business against bodily injury or property damage lawsuits from outside parties.

The coverage is regarded by many to be a basic insurance for electricians. It shields them from lawsuits and other financial liabilities that may arise from accidents. This coverage includes:

• Property damage to third party property
• Third-party injury

Electrician insurance provides protection regardless of whether a claim is true or not.

Business Owner’s Policy

Business Owners Policy 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

A Professional Liability insurance policy (also known as Errors and 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 protects events such as:

• Not giving the correct advice regarding accessibility, or any other building standards
• The client must pay for the new materials and work because your work has defects.
• Even if it is not true, a client may claim that you have acted negligently

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.

New Hampshire law requires employers with employees be covered by workers comp coverage.

Insurance for tools and equipment

As a contractor in the electrical field the tools and equipment you use are crucial to your success.

The Tools and Equipment policy will provide financial protection against unexpected events.

Cyber Liability insurance

Electrical contractors must be aware that cyber security is a serious problem. The modern world is witnessing an increase in data breaches.

Cyber Liability insurance protects your business against malicious software attacks, data breaches, viruses, and phishing. It also covers legal fees, notifying customers of a breach, credit monitoring, and fines that your company may be ordered pay. This coverage also applies to Personally Identifiable Information (aka Non-Public Information) such as names, addresses, phone numbers, social security numbers, credit card and banking info, email addresses, etc.

New Hampshire electricians insurance: Save time and money

Our top strategies to save on businesses insurance

• Compare quotes – Comparing quotes can help you to find a policy which will meet your requirements and falls within your budget.
• Risk management – By taking steps to lower risk, you may reduce your insurance cost of insurance.
• You can pay your premiums upfront – By paying the annual cost of your premium (instead monthly) you can save a lot of money.
• Raise your deductible – You may be able reduce your insurance costs by raising your deductible. You must carefully consider whether you have enough funds to cover any claims.
• Review your policy every year – You should review and update your insurance policies every year.