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How Electrician Insurance Works

How Electrician Insurance WorksYou’re probably an electrical worker seeking ways to ensure yourself at work if you’re here. Hence, you need to know how electrician insurance works to get coverage, especially with the job being extremely hazardous. This post will offer an overview of electrician insurance so ensure you stick with it to the end.

What is Electrician Insurance?

A lot may go wrong on a job site. They might hire you to design an electrical system for a new building. You might even get a job to fix an electrical problem in an existing home.

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Irrespective of the job, you’re entirely in danger.

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Electrician insurance is also known as electrical contractor insurance. Consider it a form of small company insurance that you may tailor to your electrician’s specific risks and requirements.

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How Does Electrician Insurance Work?

Electrician insurance is a policy that combines various types of small business insurance. It aims to protect a company against multiple concerns, such as claim expenses, damages, and litigation. The types of coverage you select as a result of the demands of your business.

A business owner’s policy (BOP) combines three types of coverage. It is generally less expensive to purchase a BOP than each kind separately. The following are the various forms of insurance and what they cover:

General Liability Insurance

General liability insurance is the foundation of your business insurance strategy. It covers property damage and personal injuries an accident causes to others (not including your employees).

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Commercial Property Insurance

This covers your company’s physical location and equipment if a covered problem, such as fire, damages it. Commercial property insurance covers computers, office furniture, tools, inventory, supplies, business records, and important papers.

Business Interruption Insurance

This coverage replaces your lost income if you temporarily shut down due to a condition your insurance covers. For example, business interruption insurance covers theft, wind damage, and money lost due to damaged merchandise. It also covers lost pay and other expenses like temporarily relocating to a new location.

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