What is electricians insurance?
Cover for all manner of occasions
As a professional electrician, the last thing you want to worry about the possible loss, damage or theft of your tools and equipment, or expensive claims as a result of an employee or member of the public being injured or killed due to your work. Our electricians insurance can include all the covers you need; from public liability cover to specialist professional indemnity insurance for electrical contractors.
Working in a profession that has poses many risks to both you or other people including working with heat, electrical testing equipment and sharp tools, means you need to have the right insurance to cover you should something go wrong.
Help to manage these risks and keep your business safe with a tailored business insurance package for your electricians business from The Insurance Octopus, ensuring you have all the essential cover you need in one business insurance policy.
What your electricians insurance policy includes
Public Liability cover for electricians
Public Liability cover protects you if one of your customers or member of the public is injured, or their property is damaged because of your work. Electrician’s liability insurance protects you against the cost of repairs or any legal proceedings that may be filed against you. Standard levels of cover are available from £1m, £2m, £5m with higher levels available upon request subject to insurer’s terms and conditions.
Employers Liability cover
Employers Liability cover is a legal requirement if you have employees and standard cover is for £10m. Employers Liability insurance covers both you and your staff. As an employer, you do have a legal responsibility to ensure that you have provided a safe and secure workplace for employees and visitors.
Professional Indemnity cover for electrical contractors
Professional Indemnity cover is liability insurance cover for your business if you offer advice. If a third party then suffers a loss because of your advice, having a comprehensive professional indemnity cover helps to ensure a claim will not cost you or your business.
Equipment and tools cover
Equipment and tools cover helps you as an electrician protect your important tools and equipment needed to carry out your trade. Tools are expensive investments that need to be safeguarded should they ever be stolen or damaged. Replacing or repairing your trade equipment can be costly, so you do need to be covered for all eventualities. Tool Insurance can provide comprehensive cover so that you can replace any damaged, lost or stolen items and keep your business running.
All Risk insurance cover
All Risk insurance covers your possessions such as a laptop, tools and mobile phone away from your business premises or home.
Contract Works or Contractors All Risks cover
Contract Works or Contractors All Risks cover will insure your construction works plus materials, should they be damaged or the materials stolen prior to completion. The policy will also cover the additional labour costs to rebuild the work previously completed along with cover for your own or hired plant. An example of this would be if you are completing an extension and it is damaged or destroyed by fire, you would have to complete the work again. Contract Works cover will provide the protection you need in this instance, and is available as a single one off policy or as a yearly policy.
Why you need electricians insurance
Your electrician’s insurance policy from The Insurance Octopus will include fundamental elements of insurance that an electrician could need whilst carrying out their daily duties. Our cover is designed to protect you in your electrical contracting duties with policies including public and employers liabilities, full tool and equipment cover, plant cover and if required even professional indemnity cover. You can add additional covers to your policy at any time and adjust the levels of cover to suit your business – we will endeavour to help you tailor your business insurance policy to the needs of your business.
Electrical contractor insurance specialists
One of our electrician insurance specialists will discuss your business requirements with you and look to compare quotes from major UK insurance providers, ensuring that you get a bespoke policy where you only pay for the cover you need.
Range of payment options available
We have a number of cover options available via our panel of UK brokers covering you for sector specific situations as required. We can provide you with your tradesman insurance and documents on the same day in most cases (subject to time of day restrictions), offering a range of flexible payment options, including Direct Debit. Get in touch today for a quote.
Why choose The Insurance Octopus for Electricians Insurance?
We proudly make buying insurance different and our cover comes with a range of benefits.
Up to £5 million of cover
Claims can be expensive, that’s why we offer up to £5 million worth of public liability cover for Tradesmen - with more available upon request.
Fast specific cover
To help save you both time and money. We compare prices from a range of different insurers so you don’t have to.
A specialist who knows your industry
We'll connect you with an agent who specialises in your field. They understand many of the challenges you face, and can truly get to grips with the type of cover you need.
Easy claims process
Accidents can happen, so when something does go wrong you can rest easy knowing our team is on hand to make the claims process as quick and stress free as possible.
Octopus customer rewards
We pride ourselves on the value we offer our customers, and with Octopus Customer rewards we give our customers a few additional benefits to their insurance such as discounts and offers to save them money.
No mid term fees, ever
We don’t charge any mid-term fees at all during the life of your policy – so there are no hidden fees following any changes you might need to make.
Electricians Insurance FAQ's
Get the answers you're looking for
Do electricians need professional indemnity cover?
Professional indemnity cover is highly recommended for any electrician company who may offer advice to clients and customers. It essentially means that if the recipient of this advice suffers any damage, loss or injury because of your original advice, then a claim will not cost you or your company. For large projects and unlucky circumstances where your advice may result in damage, this is a great insurance coverage that can protect your business from real harm.
Do I need employers’ liability cover?
By law, any electrician company who has a workforce and employees must have employers’ liability cover. This is because it protects you and your staff against bodily injury and harm that may occur in the workplace. In the UK, the standard employer's liability cover is £10m. This ensures that no matter what happens on site that your team will be protected, safe and secure in their working environment.
Can I split my payments over a period of time?
We aim to accommodate every type of business, no matter how big or small that it may be. Part of our commitment to this is our convenient payment option of direct debit over a course of time, rather than a one-off payment. For self-employed, smaller businesses or companies looking to take out comprehensive and detailed insurance policies, this is ideal and can help you manage your money in a sustainable way. Please note, our direct debit facility has additional fees.
How electricians insurance works
Examples of Electricians Insurance in action
Thieves Bring About a £5,000 Claim
An electrician was contracted to install a new lighting system in a commercial office building. He had to park his van in the car park around the back of the building, where unfortunately security was rather inept. While consulting with the client in the building, thieves broke into his van and stole tools and equipment valued at more than £5,000. Thankfully, the electrician had taken out tools in transit cover, so he was able to replace the lost equipment quickly and without having to pay from his own pocket.