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Let our commercial insurance brokers find you some of the best rates and coverage options that match the unique and specific needs of your electrical contractor business. Being a brokerage for more than 70 of Canada’s top insurers means we have access to some of the most comprehensive contractor coverages in Ontario. Best of all, we sweat all the insurance details for you, so you can focus on your business.
Who needs electrician insurance?
Working with thousands of volts every day makes electrician insurance essential to your business. Examples of who might need electricians insurance include:
- Electrical Contractors
- Residential Electricians
- Commercial Electricians
- Industrial Electricians
- Heating contractors
- Lighting technicians
- Electrical repairmen
- Masters/Journeymen
- Self-Employed Electricians
Speak with a Mitch broker and we’ll make sure your business is protected with great coverage at an even better rate. Call us for a quote today.
What insurance do electricians need?
Our insurance solutions for Ontario electricians can be built to meet your unique needs. Packages include liability and coverage for your tools, vehicle, shop and more. Here are some of the basics:
Commercial general liability
Essential for all companies, this protects your business if your work causes property damage or accidentally hurts someone (even years down the road).
More about CGL
Commercial auto
Protection if your company vehicles are in an accident or stolen. This can also be extended to personal vans used by you or your employees to transport tools and supplies to worksites.
More about commercial auto insurance
Tools and equipment
Coverage for your drills, voltage testers, wire cutters and more from damage or theft. It also pays for short-term rentals to keep you working after a claim.
More about tools and equipment insurance
Commercial property
Protects your company office or warehouse against fire, storms, burst pipes, vandalism and theft. It can also include inventory and supplies. We cover home-based business offices too.
More about commercial property insurance
Frequently asked questions about electrician insurance:
How much is electrician insurance in Ontario?
Policies for electrician insurance start at around $650 annually for a small business with no physical office or company vehicles. There are a number of factors that will determine the actual cost of your premiums. Here are some of them:
- Where your company is based
- The annual revenues of your business
- How many employees you have
- The number of years of experience you and your staff have
- Whether you have had past claims
Am I covered if I use my personal truck to transport materials to job sites?
If you or your employees use your own personal vehicles for your electrical contracting business, your personal auto insurance policy is not enough. You need what is called non-owned automobile coverage. The extra coverage will cost you a little more, but will ensure you’re protected if you get in an accident.
What if I operate my electrician business from home?
Home-based electrical contractor businesses don’t need commercial property insurance. Remember, however, that your home insurance policy doesn’t cover business-related tools, equipment and materials that you may store there. Talk to your insurance broker to make sure you have the right coverage.
What are the most common claims for electricians?
The most common types of claims for electrical contractors are theft of materials from job sites or vehicles followed by losses caused by fire. For the latter, claims for fire losses are equally common whether you are working in people’s homes or in commercial buildings. Learn more about the most common claims for electricians and how to avoid them here.
How much is public liability insurance for electricians?
Public liability insurance as an electrician can vary in costs, but it does tend to run rather low (especially for sole traders operating on smaller commercial or residential jobs. Coverage can round out to around $30-60/year for electrician’s public liability insurance.
Your business is unique, so are your insurance options.
Being a brokerage for over 70 of Canada’s top insurers means we have access to a wide range of insurance solutions as unique as your business – at some of the best rates in Ontario. Want to learn more about the coverage options available to you? Here are a few of them:
