Business Insurance for Electricians
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How much does business insurance cost for electricians?

Electricians' insurance costs depend on your policy limits, your business risks, your equipment value, and other factors. Cost estimates are sourced from policies purchased by Insureon customers.

General liability insurance icon

General liability insurance costs for electricians

Electrical contractors pay a median premium of $45 per month, or $540 per year, for general liability insurance. This policy provides protection against third-party injuries, third-party property damage, and advertising injuries.

Electricians can often save money by purchasing a business owner’s policy, which bundles general liability insurance with commercial property insurance at a discounted rate. It protects your own business property along with covering common business risks.

Median cost per year: $540
Policy limit: $1 million per occurrence

Learn how to save money on your policy, which coverage limits to choose, and more on Insureon's general liability insurance cost analysis page.

Workers’ compensation insurance icon

Workers’ compensation costs for electricians

The median premium for electrician workers’ compensation insurance is less than $275 per month, or $3,275 annually. This policy, which is required in almost every state for businesses with employees, can help cover medical fees and lost wages for work-related injuries and illnesses.

Learn how workers' comp premiums are calculated and more on Insureon's workers' compensation insurance cost analysis page.

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Commercial auto insurance icon

Commercial auto insurance costs for electricians

At a median premium of about $140 per month, or $1,700 per year, commercial auto insurance provides coverage for vehicles your electrical business owns. It can help pay for property damage and medical costs in an accident, along with financial losses caused by vehicle theft, weather damage, and vandalism.

Median cost per year: $1,700
Generic policy limit: $1 million

Learn how coverage limits and other factors affect the cost of this policy on Insureon's commercial auto insurance cost analysis page.

Contractor’s tools and equipment coverage icon

Contractor’s tools and equipment insurance costs for electricians

Electricians pay a median premium of about $40 per month, or $490 per year, for contractor’s tools and equipment coverage.

A form of inland marine insurance, this policy helps cover the repair or replacement of lost, stolen, or damaged tools and equipment.

Median cost per year: $490
Generic policy limit: $10,000

Learn which coverage limits to choose and more on Insureon's contractor's tools and equipment insurance cost analysis page.

Professional liability insurance icon

Professional liability insurance costs for electricians

Electricians pay a median price of about $90 per month, or $1,060 per year, for professional liability insurance. This policy, also known as errors and omissions insurance, protects electricians from client lawsuits claiming unsatisfactory, negligent, late, or incomplete work. An electrician may be able to combine professional liability insurance with a general liability insurance policy for increased savings.

Median cost per year: $1,060
Policy limit: $500,000 per occurrence
Deductible: $1,750

Learn how to save money on your policy, which coverage limits to choose, and more on Insureon's professional liability insurance cost analysis page.

How do I get electrician insurance?

It’s easy to get insurance as an electrician if you have your business information on hand. An insurance application will ask for basic facts about your business, such as revenue and number of employees. You can buy a policy online and get a certificate of insurance with Insureon in three easy steps:

  1. Complete a free online application
  2. Compare quotes and choose policies
  3. Pay for your policy and download a certificate

Insureon's licensed agents work with top-rated U.S. providers to find coverage that fits your electrical business, whether you work independently or hire employees.

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