Insurance for Electricians in West Virginia

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.

Many consider this coverage to be the basic coverage for electricians. This coverage protects electrical contractors from lawsuits, and financial liability arising from accidents. This coverage includes:

• Damage to Third-Party Property
• Injury to third parties

Business Owner’s Policy

A Business Owner’s Policy (BOP) is a convenient and affordable way for small business owners to protect against several of their most common exposures. These policies combine General Liability insurance with other types of coverage, such as business interruption and business property damage.

Professional Liability Insurance

Also known as Errors and Omissions (E&O) insurance, this type of policy protects your business against claims of negligence, misrepresentations, or mistakes. Professional Liability claims are typically made by clients who allege some form of financial damage as a result of your services, products or employees.

Professional Liability Insurance covers incidents such as:

• Giving clients incorrect advice about accessibility or other standards within the building
• If your work is flawed, the client will have to pay for additional materials or labor
• Even if it is not true, a client may claim that you have acted negligently

Workers Compensation Insurance

Workers’ Compensation insurance protects your company and its employees. If any of your employees get injured at work or are ill, this type of insurance will cover their medical bills. It will also cover some of their lost income if they’re unable to work because of the injury, as well as rehabilitation or physical therapy to transition the employee back into the workplace.

Insurance for tools and equipment

As an electrical contractor, your tools and equipment are essential to your success.
You can be financially protected from unplanned events by purchasing Tools and Equipment insurance.

Cyber Liability insurance

Electrical contractors need to be aware of the cyber security risks. In our modern world, data breaches are increasing.

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.

How to save on electrician insurance in West Virginia

Our top tips to save on business insurance.

• Compare quotes – Comparing quotes will help you find the policies that suit your needs while staying within your budget.
• Risk management– You can lower your insurance rates by taking measures to reduce the risk.
• Pay upfront – You can save money by paying for your premiums in advance.
• Increase your deductible – You should consider carefully if you can afford to pay any claims.
• Review annually – It is essential to review your policy annually to ensure it meets your needs.