New York Electrician Insurance

Errors & Omissions Insurance (Professional Liability Insurance)

Professional liability insurance for electricians protects your bottom line if clients claim that your negligent acts, mistakes, or failure to perform your professional electrical services as promised caused them damages.

E&O insurance policy is an essential coverage you need as an electrician that covers legal fees and settlements so one oversight doesn’t derail your electrical contractor’s business.

Inland Marine Insurance
An important part of an electrician contractor’s insurance package, inland marine insurance shields your tools and equipment that are likely your most prized possessions on any job site.

This insurance cover safeguards your valuable gear against theft, damage, or loss at worksite or in transit.

Equipment Breakdown Insurance

This covers your electrical tools and equipment in case they break down due to mechanical or electrical issues.

Electricians and electrical contractors looking for insurance should choose this type of coverage for a proper insurance package because their tools are expensive, and it keeps them financially protected if something malfunctions.

Employment Practices Liability Insurance (EPLI)

This type of insurance helps protect your business from lawsuits by employees who claim they were wrongly, discriminated against, or harassed. Wrongful termination is one of the most common claims employees choose to charge their employers with.

It’s valuable for electrician businesses in New York because even with good hiring practices, lawsuits can happen. So with an increase in your business liability risks, this is a crucial electrician’s insurance, covering the costs of defending against them.