All About Workers’ Comp For Electrical Contractors

March 28, 2022

If you are an electrician, you know that workers' compensation is a must-have insurance policy. But do you know what workers’ comp covers? And more importantly, do you know how much it costs?

In this blog post, we will answer all of your questions about workers' compensation insurance for electrical contractors

Which Electrical Contractors need Workers’ Comp Insurance?

All electrical contractors need workers' comp insurance. Not only is it required by law in most states, but it also protects you in the event of a workplace injury.

In most states, electrical contractors who hire just one employee must carry workers' compensation insurance. In some states, electricians with no employees are still required to purchase coverage for themselves as sole proprietors. However, even if your state requires only employers to obtain workers' comp coverage, it is recommended that you purchase a policy for yourself as well.

Electrical contractor workers' comp insurance can keep you and your business protected from expensive lawsuits. Without it, you risk high costs or personal bankruptcy if a worker is injured on the job.

Why is Electrical Contractor Insurance important?

Electrical contractors are among the most dangerous and high-risk professions in the United States. Professionals in this field often work with their hands, use heavy machinery and equipment, operate at heights, and work alongside other contractors or employees who may not follow safety protocols… all of this spells trouble for electricians who may find themselves injured on the job.

To help protect yourself and your employees, it's important to have electrical contractor workers' comp insurance. This type of policy can provide you with the financial security you need if an accident occurs and you're unable to work. It can also cover medical expenses, death benefits, and permanent or partial disability payments in the event that someone is hurt while working for your company.

Electrical Contractor Insurance requirements

There are some key requirements for electrical contractor insurance.

  • When getting a workers' comp quote for electricians, it’s important to be specific about what type of electrical work you do so that you will be classified correctly. Also important to know what your annual payroll is, as well as your subcontractor costs. 
  • Some of the contractors you perform electrical work for or the job sites you work at may require certain limits of insurance. Some may also require a waiver of subrogation. We’re happy to work with you to find a policy that will satisfy the requirements. 
  • This type of policy can also protect you from lawsuits. If there's an accident at one of your job sites and an employee gets hurt, the workers' comp policy will kick in and help cover legal costs.  Workers' comp will help cover the costs even if the employees weren't properly trained or didn't follow safety procedures. In some states, if there is a workers' comp policy in place, an employee can not sue an employer for work related injuries. 

Get Electrical Contractors’ Insurance today!

Kickstand Insurance can help you get the electrical contractor insurance that you need. We have a variety of policies to choose from, and we can work with you to find the best coverage for your business.

If you know of electricians who need workers’ comp insurance, contact us today. We can help get you and your team covered, protected, and on your way to a safe job site.

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