Electricity is crucial for modern-day living. As an electrician, you provide the vital repair, installation, and maintenance services needed to keep homes and businesses running smoothly and safely. But like with all jobs, there are risks associated with your work, and should the worst-case scenario occur, you could have to pay out-of-pocket for high legal expenses, medical costs, and any loss or damage resulting from the incident—unless you have the right electricians insurance.
Ontario insurance brokers at Morison Insurance are dedicated to providing you with the comprehensive protection you need in the event of a liability claim or unexpected event. Whether you need electrical contractor insurance or are part of an electrician franchise, we’ll ensure you are properly covered with the right electricians insurance.
Ontario electrician insurance, as the name implies, is a type of contractors insurance for electrical contractors and professional electricians that is designed to protect against the risks associated with their work and industry. Typically, it includes property damage protection, tool and equipment coverage, and different types of electrician liability insurance.
For instance, let’s say you’re at a job site, turn around to do something, and turn back around to find that the tools or wire you left behind are missing, and no matter how hard you search, they’re no longer on the job site. With the right insurance for electrical contractors and electricians, you will be reimbursed for the cost of the stolen items.
Or, let’s say you complete work on a client’s property, but it wasn’t installed properly and causes damage. With electrician liability insurance coverage, you will be covered for the costs of fixing the property damage, medical bills, and legal expenses associated with it.
Ultimately, while you strive to provide the best quality work possible, accidents can still happen, and unforeseen losses and damages can prevent you from being able to do your job properly. So it’s best to protect yourself with comprehensive electricians insurance. Ontario brokers at Morison Insurance are just a call away and will be happy to find you the right Ontario electrician insurance quote.
As a business owner, you know how important it is to take the correct measures to protect your company. For electrical contractors, having the right business insurance is a key step to ensure you're protected in the event of an emergency.
Electricians whose work involves wiring and electricity need Ontario electrician insurance to protect themselves, their businesses and their clients. Having the right electrician liability insurance coverage can provide the protection you need while a job is underway and after it is done.
Ontario electrician insurance coverage provides protection for professionals completing electrical work in new or older homes, expanding service in an existing property, or completing electrical work for commercial, industrial, or agricultural operations. Any of the following careers should consider having electricians insurance in Ontario:
That said, it's important to note that your policy for electricians insurance in Ontario may differ slightly depending on the kind of work you do. For instance, electrical installers (who complete projects such as installing, maintaining and repairing electrical wiring) may have different needs when compared to general electrical services (who may be more involved with inspections and replacing worn parts). There are distinct risks associated with each job, so why would they need the exact same electrician liability insurance?
Likewise, a sole trader will have different coverage needs when compared to an electrical contractor who employs staff. For example, a sole proprietor needs at least $2 million in coverage, whereas larger companies may need up to $5 million. To ensure you have the best coverage for your unique needs, it's important to speak with a dedicated broker from Morison Insurance. One of our team members will make sure you're properly protected in the event of an emergency with the right insurance for electrical contractors and electricians.
Ontario residents generally aren’t legally required to have insurance outside of legally mandated ones like work or commercial auto insurance policies or for whatever rules or regulations your industry has, but just about everyone will tell you it’s a good idea to have insurance.
If you work as an electrical contractor, sub-contractor, or technician, you need Ontario electrician insurance to protect yourself against a range of risks that could result in personal injury, theft/loss, or a lawsuit due to property damage or third-party bodily injury. When something goes wrong during an electrical job, it can go really bad. You may find yourself responsible for the financial losses of an entire commercial property or face having to pay for medical costs because your client was injured at your job site. Having to pay for damages, legal fees and medical fees out-of-pocket can be financially crippling. Don't take that risk, and ensure you're properly insured. Speak to our Morison Insurance team today to learn more about how you can protect yourself with the right insurance for electrical contractors and electricians.
Ontario electrician insurance protects your company from a range of perils due to an incident occurring on the job site or at the property after work has been completed. Imagine for a moment what would happen if you didn't have proper insurance and disaster struck. For instance, what if an electrical fire breaks out at a customer's property? Or what would you do if your tools were stolen?
Without electricians insurance, you'd be forced to pay out-of-pocket for any resulting damages and/or lawsuits. This could wind up being financially crippling for you and your company, so it’s important to protect yourself, your employees, and your clients with electricians insurance. Ontario policies will help protect against a range of risks your electrician service may face. However, it’s important to take the time to discuss your insurance needs with our team, as depending on the type of work you do, you may need different coverages for things like electrician liability insurance.
You can tailor your insurance coverage depending on your electrical company's unique needs, but some common inclusions can be found in most policies for electricians insurance. Ontario policies tend to include:
Also referred to as CGL, commercial general liability insurance is a basic form of coverage that protects you from daily risks that may occur during regular business operations. This includes bodily injury to a third party, such as someone visiting the worksite or property. Often, third-party bodily injury occurs because of a fall from walking on a slippery surface or tripping over tools. This electrician liability insurance coverage also protects against property damage that may occur while at work. CGL typically covers medical bills and legal expenses—regardless of a lawsuit's outcome.
Also known as malpractice insurance or errors and omissions insurance (E&O), professional liability coverage offers protection for negligence, failure to deliver a service as advertised or promised, and misconduct. For example, say you gave your client professional advice resulting in an electrical fire or property damage. They would have grounds to sue you. Likewise, if the services you rendered were not what the client was expecting, they could sue. This could include missing signs of wear on electrical wires that result in electrocution or property damage. Having professional liability coverage included in your overall insurance for electrical contractors or electricians protects you from legal fees and subsequent damages, including financial settlements.
As implied by the name, tools and equipment insurance protects your equipment and tools. Usually, these items are protected from damage by an insured peril and loss. This policy specifically covers loss or damage to the equipment you use while completing your job, whether the equipment is in your care or you own it. However, it’s important to note that this addition to your Ontario electrician insurance policy does not provide coverage for wear and tear. For example, if a tool is damaged while in use, it may not be covered. Separate extensions are available for rented equipment that is in your care. Usually, this type of insurance covers tools that are stolen overnight from your home or a job site.
It's important to note that tools and equipment may be covered when they are stored at a contractor's home but not when they are taken off the property. To protect these items while in transit or on a job site, you need to purchase additional coverage for insurance for electricians and electrical contractors.
We should also note that if you operate an electrician business from home and use an outbuilding such as a garage or shed to store your equipment, having a standard home policy will not protect you in the event of a theft or loss. Home insurance only protects residences, not buildings that are also used for commercial purposes, so you will need to purchase additional protection such as home-based business insurance to ensure you are covered.
Also known as business liability insurance, anyone in a public-facing position can benefit from having public liability coverage, and as an electrician, you’re visiting clients’ homes and businesses and providing services there. Public liability insurance for electricians and electrical contractors includes coverage for any legal costs incurred if you or your business is sued for allegedly causing third-party bodily injury, third-party property damage or advertising injury. It allows you to file a claim with your insurance company to be compensated for costs associated with your defence and, if you are found liable, any settlement expenses. As legal matters can be costly, having this electrician liability insurance coverage will provide you with the financial assistance you need to deal with the legal matter and get back to doing what you do best.
Depending on your needs and your comfort with risk, you might be inclined to protect your electrician business further by including a few add-on policies in your electrician or electrical contractor insurance. Ontario’s top brokers at Morison Insurance often recommend, depending on your small business insurance needs, adding these common policy inclusions:
Not sure what to include in your electricians insurance? Ontario business insurance brokers can help you find the right coverage.
Ontario residents often think that having insurance means they are covered for just about everything, but that’s not the case. Look at the different types of electrician liability insurance, for example. Professional liability covers the service you provide in the event of a mistake, but you need general liability coverage to protect against bodily injury or property damage caused to a third party.
It’s important to remember that "business insurance" is a general term used to describe many different types of insurance a business may need, such as commercial auto insurance, professional liability insurance and more, so just because you have a policy for electricians insurance in Ontario doesn’t mean you are covered for everything, so it’s important to speak with your Morison Insurance broker to ensure you understand what is or isn’t covered under your insurance for electrical contractors and electricians.
When applying for an Ontario electrician insurance policy, your broker will ask you a series of questions to help us get to know your business's unique needs better. These questions will help us understand what coverage is best for you and how we can be of the best assistance. A few questions you can expect your Morison Insurance agent to ask include:
By having the answers to these questions ready and at your disposal, you can ensure you’re providing us with the most accurate information possible, which allows us to customize your policy options more appropriately based on your needs and make the process go that much quicker to find you the best electricians insurance in Ontario.
Insurance providers take into account a wide range of factors when calculating insurance costs, and for something as unique as electricians insurance, Ontario insurance companies consider many factors. That’s because electrician businesses and the work they do can be widely different so they will have different risks and liabilities.
Some of the factors that can impact Ontario electrician insurance rates include:
All these factors and more can impact the cost of your electricians insurance. Ontario brokers may ask you a lot of questions, but that is so we can get a better idea of your business and your insurance needs, allowing us to find you the best possible policy options. It can also help us find ways to help you save on your insurance. To receive an accurate electrician insurance quote, contact the insurance brokers at Morison Insurance.
You can get an electrician insurance quote by calling the insurance brokers at Morison Insurance. As a family-owned and operated business, our team is truly invested in finding our clients the best possible coverage for their needs. We've helped countless business owners across Ontario find the protection they need to have peace of mind while operating their companies. Our approach involves listening to your needs, answering your questions and comparing quotes from the industry's leading insurance companies to ensure you receive the best coverage possible for your electricians insurance.
To inquire about your options for electricians insurance in Ontario today, we invite you to give our friendly team a call at 1-800-463-8074. You can also inquire about how to get a free quote online by filling out the form on this page.
