Electricians Insurance

What Insurance Do I Need as an Electrician?*

Some of the major types of business insurance covers available to electricians in Australia are explained below and include:

• Public Liability Insurance
• Business Insurance Pack
• Personal Accident Insurance
• General Property and Tools
• Commercial Motor insurance
• Plant and Equipment Insurance

Why do Electricians need public liability insurance?*

Public Liability Insurance coverage is essential for all self-employed electricians.

Electricians need public liability insurance as electrical work involves working with the supply of power and electrical wiring that increase the probability of an accident on site.

People and property on site may be hurt or damaged due to accidents involving electrical work.

Contact with exposed live parts, and the possibility of equipment fault means electrical work is rated as a high-risk occupation.

Protections offered to self-employed electricians by public liability insurance in Australia generally include:

• Injury to other persons due to your electrician activities –Where an electricians business activity causes harm to a third-party person. For example, electricity jumps from one circuit to another, creating a fire and harm to another person, who has not listened to your warnings to stay away from the site .
• Damage to others property due to your electrician activities – Where an electricians business activity causes damages to a third- party’s property. For example, an electrician may accidently cause damage in a client’s home while performing work.
• Harm to other persons or other persons property due to your electrician business’s products – Where an electricians business’s products and goods supplied causes harm to a third party -person or a third- party’s property. For example, products an electrician has supplied, repaired, or manufactured cause harm, injure someone or cause property damage.

Public liability insurance coverage may protect electricians from claims that arise when others allege, they are negligent.

A electrician’s public liability policy may provide a defence against the ensuing lawsuit when needed and may pay the damages sought by the injured party.

Business insurance pack for electricians *

Electricians may be able to combine multiple covers in a single business insurance pack policy.

By ‘packaging’ your business insurance into a ‘business pack’ electricians can potentially cover many of the risks their business faces in the one policy.

For example, if an electrician has a commercial premises, a business insurance pack may provide cover for buildings and contents if they are accidentally damaged by a defined event, such as fire, storm, impact damage, accidental damage, vandalism, or malicious damage.

Other typical inclusions for electricians with a business insurance pack are Public Liability Insurance and Product Liability Insurance.

Optional inclusions for electricians with a business insurance pack are General Property, Contents, Machinery, Plant and Stock , Glass, Money , Business Interruption and Marine Cover.

Personal Accident Insurance for self-employed electricians*

As a self-employed electrician your personal safety is your livelihood.

Personal accident insurance for electricians may provide cover for 52 or 104 weeks and up to 85%* of weekly income at the time of the injury; depending on the amount of coverage agreed when the policy is taken out.

Time away from work from an accident will have a direct impact on a self-employed electrician’s income, and a long period away can negatively affect their savings, family, and lifestyle.

Personal Accident Insurance may help self-employed electricians pay for essential bills and other financial commitments if they have an accident.

General Property and Tools Insurance for electricians *

As an electrician, you are likely to have many tools and equipment that allow you to do your job, such as wire strippers, pliers, test lights , multimeters and power tools.

If your property is damaged or stolen, your business cannot operate effectively.

General property insurance can help you keep operating effectively.

It can provide needed funds to replace your tools such as …. wire strippers, pliers, test lights , multimeters and power tools – and help keep you in business.

Commercial motor insurance for self-employed electricians *

Commercial motor insurance should be considered for electricians that drive their vehicle from site to site. Light trucks, vans and Utes may be covered.

Plant & Equipment Insurance for electrician businesses*

Plant & Equipment Insurance may provide cover for owners of small electrical businesses that operate equipment such as clamp meters, insulated screwdrivers and pliers, insulation testers and forklifts.

Cover may provide electricians with protection for theft, damage, consequential loss, liability, road risk and machinery breakdown.