Electricians insurance

Electricians insurance is a package of liability and business covers which provide the specific cover electricians and related tradesmen need.

It can cover you for most types of electricians' work including:

• Large public contracts and private jobs

• Laying new electrics or repairing old ones

• Surveying and quoting

• And even if you diversify in your business and do other work like plumbing or repairing you can be covered for these too.

The job of your insurer or broker is to have enough experience to understand both your business and the risks of your industry. They should be able to tailor or source you a policy which provides the best cover in the areas you need.

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Yes. Your policy covers you for all Phase 3 work you may undertake.

Public liability protects the public from an accident or injury as a result of your business. Electricians can face the risk of legal action in respect of their liability for personal injury or property damage arising from their work, or as a consequence of their work. In cases like this the insurance will pay compensation if a valid claim were to be brought against you.

Some customers require proof of cover before signing a contract or allowing site access. The potential awards as a result of a successful claim can be substantial but even the legal costs of defending the most spurious claim can cause severe financial hardship. Electricians public liability insurance covers you against these risks.

Some general policies may contain inadequacies that may leave your business uninsured in the event of a major loss. Therefore, protect your company with an industry-specific policy from Everywhen.

Tools cover can be included if you need it. Your premium is based on the amount your tools cost, so you won’t pay extra for cover you don’t need. If you use hired in equipment you may still be liable to insure these and this can be included in your policy too. It’s a blanket sum, and is called ‘hired plant’ cover.

Contract works cover is to insure the value of your building contract. This means that if an insured event such as fire or a storm damages a project or holds it up you can claim the costs on your policy.

Yes, we can cover labour only sub-contractors, as well as PAYE staff for the same risks under your EL(Employers’ Liability) cover. it is very important to declare how your workforce are employed as this will affect how your risks are calculated.

Yes. Our incidental efficacy cover protects you against legal liability as a result of a product or service you provided, which failed to perform as and when intended, up to £100,000.

The cover is subject to no more than 15% of the business turnover being directly attributed to the design, advice, installation, maintenance and repair of theft or fire protection devices. Higher limits without restrictions on the percentage of turnover are available for an additional premium.

It is an important factor and we only use insurers with A-ratings. It is a globally recognised measure of an insurer's financial situation and provides confidence on their ability to meet on-going policy obligations.

Also, there are a number of main contractors that will not subcontract works to any companies not insured with a minimum of an A- financial rating (as determined by companies such as Standard & Poor’s, A M Best, Moody’s or Fitch Ratings). By not having a policy backed by a financially secure insurer could potentially place restrictions on your business and the main contractors or contracts you take on.

Professional indemnity covers you for giving out advice as a professional service. If your advice turned out to be negligent or caused a loss to the receiver, they may want to raise a claim against you. Many of the other features are optional on a policy of this kind so you won’t have to pay for extras you don’t need.

To help you spread the cost of your premiums, we offer a quick and easy direct debit scheme for spreading payment over ten months. Please visit our dedicated Direct Debit page to find out more.

If you would like to know more about our monthly payment option, please visit our dedicated Direct Debit page.