What kind of insurance does a self employed electrician need?

Best Answer

While the below information is useful, the first answer I gave that some clown deleted is the correct one. For starters an electrician would need a general commercial liability policy to protect him from any worker error such as faulty wiring that causes a fire. He would also need a business owners policy that would protect his actual business tools, shop if he has one, site materials etc. I am sure he has a truck so he would need a commercial auto policy. In addition, he is going to need health insurance, Life insurance, Disability Income Insurance or a good Business Overhead Disability insurance (Either with a money back rider can help fund his retirement) and like every middle income American and up he is eventually going to want to buy a LTCi policy. If he has any empoyees he is going to need Workers Compensation. For some jobs he will probably need to be bonded. You best bet is to talk to other electricians and ask them who thier agent is and what they have for coverage. Your best bet is to build a relationship with an independent agent that has multiple carriers. A reputable agent wants your business and will work very hard to get you the best coverage and save you money.

Answer

Your state insurance department is your best resource for insurance-related questions and concerns. Find information on insurance companies and agents, rate quotes and comparisons, insurance buying tips, claims filing information and much more!

State Insurance Department websites:

http://www.naic.org/state_web_map.htm

First answer by ID3259756169. Last edit by 4lifeguild. Contributor trust: 482 [recommend contributor]. Question popularity: 147 [recommend question]