Electrical Contractors Insurance
Workers' Compensation Insurance
We've developed affordable insurance programs for Electricians.
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Give us a call today at 888-611-7467
Workers' Comp Coverage for Electricians
We've been helping electrical contractors find affordable coverage for over 15 years. Our experts understand the unique underwriting requirements from the insurance companies. That's why we've developed programs designed to help you get the best rates and most flexible payment options.
We partner with the best carriers writing electrician coverage.
Improve cashflow and reduce the potential for big audit bills.
Get quotes from multiple insurance companies to ensure the lowest rates.
Our carriers have experienced claim managers to close claims quickly.
Our Top Electrical Contractors Insurance Companies
Markel is a national carrier. Markel offers exceptional workers' comp coverage in most states throughout the United States
Accident Fund Insurance Company of America has a direct focus on writing workers' comp coverage for electrical wiring.
The Hartford is a national insurance carrier with exceptional rates electrician insurance packages and workers' comp coverage.
Benchmark ia a fast growing carrier expanding into most states. Electricians insurance in an industry target.
Travelers is an outstanding insurance company with a broad appetite and competitive rates. Great for electrical and cable contractors.
ICW Group offers great coverage for all types of electrical wiring contractors. They have outstanding rates for target risks.
Liberty Mutual is a national carrier. They write all lines of coverage and offer great workers comp rates on select class codes.
PIE Insurance Company is an A-Rated Carrier. They have been aggressive with rates and have a wide appetite.
AmTrust Financial provides exceptional value for many business types within the construction industry.
Shop coverage like a Pro.
Workers' Compensation Class Codes Related to Electricians
Employees are grouped into classification codes based on what they do for their job. The National Council on Compensation Insurance (NCCI) currently utilizes nearly 800 class codes to help insurance companies categorize employees. Insurance companies create a manual rate for each class code in order to price a policy.
Properly classifying workers is an important part of the quote process. Mis-classified employers may end up paying too much for coverage or owing too much after an audit.
Class Code 5190 | Electrical Wiring- All Employees
This is a broad class of businesses primarily engaged in providing electrical related services in a variety of circumstances. Work may be performed on a residential or commercial basis. Services often include electrical repair within a home or a building, new wiring installation, cable installation, installation or repair of electrical fixures, wiring of equipment within manufacturing facilities and satellite dish installation.
Even though the class code is very common, insurance underwriters understand that risk varies substantially between residential electricians wiring low voltage and 110 and commercial electrical contractors installing electrical conveyer systems within manufacturing facilities. Its important for agents representing electrical contractors to provide a detailed explanation as to what each contractor does and what measures they take to minimize the risk of insurance claims.
Class Code 3724 | Electrical Apparatus Installation or Repair
This classification code includes companies engaged in installing or servicing building equipment (except electrical; plumbing; heating, cooling, or ventilation equipment). The repair and maintenance of miscellaneous building equipment is included in this industry. The work performed may include new work, additions, alterations, maintenance, and repairs. Related businesses include overhead door installation, elevator or escalator installation and gas pump repair.
Class Code 5183 | Thermostat Installation
Code 5183 is a broad code used to classify numerous types of business operation related to electrical contractors. In addition to thermostat installation, other operations covered include sprinkler installation, plumbing, pump installation and fire suppression systems.
Alternative State Class Codes for Electrician:
Sometimes a state will deviate from the industry class code recommended by NCCI. Instead of the NCCI code, they may require the utilization of a state specific class code for certain business segments.
| Class Code | State |
|---|---|
| 0661 | Electrical Wiring within Buildings | Delaware / Pennsylvania |
| 0660 | Fire Alarm System Installation | Delaware / Pennsylvania |
| 0952 | Time Clock Install and Repair | Delaware / Pennsylvania |
| 2661 | Electrical Wiring | Delaware / Pennsylvania |
| 5140 | Electrical Wiring Within Buildings | California |
| 5191 | Fire Alarm Installation | New York / New Jersey |
| 7600 | Alarm Installation and Repair | Texas / Massachusetts |
Synonyms: electrician, electrical contractor, electric repair, fire alarm repair, cable installer, satellite dish installation, electrical apparatus installation and electrical fixture installation.
Workers Compensation Shop.com is a national Agency, licensed throughout the United States.
Get the Best Electrician Insurance Coverage
A lot of electrical companies are overpaying for coverage because their agent does not have access to the lowest cost insurance companies. Other business owners are using installment plans based on estimated payroll that doesn't change as payroll fluctuates. We help our customers find the best insurance rates for each unique state and type of electrical wiring business. Our Pay As You Go payment plans will improve your business cash flow. We work with new business owners and companies with higher Experience Modification Ratings. We've been writing electrical contractors insurance since 2005.
| Program Features |
|---|
| No Minimum Premium Requirements |
| Pay As You Go Work Comp - $0 Deposit |
| Guaranteed Cost and Deductible Options |
| National Electrical Insurance Expertise |
| More Markets for More Solutions |
| Commercial Package Insurance Options |
What Does Workers' Comp Cover?
Workers' comp coverage protects employees when injured. It makes good financial sense for both parties.
- Loss of income for employees unable to perform job duties
- Medical expenses for employees injured on the job
- Retraining expenses for employees unable to return
- Permanent injury or disability for lasting injuries
- Survivor benefits if employees are killed on the job
Coverage does not protect employers from everything. Sometimes employees and employers can be negligent.
- Injuries resulting from a violation of the law
- Incidents resulting from employees' use fo drugs or alcohol
- Injuries that did not occur in connection with the job
- Clear company policy violations
- Injuries that did not occur in connection with the job
Lower Electrical Contractor Insurance Costs
The cost of business insurance has been increasing for electricians. General liability and workers' comp insurance have been the major cause of the increase in the cost of coverage. We've partnered with our insurance companies to provide more affordable commercial insurance packages for our customers. Ask about our package insurance options for electricians:
Workers' Compensation and Employers Liability
Electrician Liability Insurance
Personal Property and Commercial Property
Umbrella Liability and more
Not all lines of insurance coverage or all class codes will be available in all states. Contact one of our Workers' Comp Specialists for program details on general liability and workers' compensation insurance.
Start a quote online or give one of our experts a call at 888-611-7467.
How Much is Electrician Insurance?
The average rate our customers pay for workers' compensation under the electrical contractor class code is around $2.50 per $100 of payroll. The average cost for a general liability insurance policy is about $750.00.
Workers' Comp Costs
- Work Comp is priced based on payroll
- Your state and EMR Rating will affect your cost
- The type of electrical work can modify rates
- Premium discounts and policy credits may apply
General Liability Costs
- GL rates for electricians are based on payroll (rated per $1000)
- Gross revenue may affect pricing
- The type of wiring matters to underwriters
- Prior clams and years in business affect pricing
- SIC code 1731- Electrical Contractors
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How do I get started?
- Business details, locations, FEIN or SSN
- Estimated annual payroll and job duties- class codes
- Claims info or loss history- if applicable
What Happens Next?
- Our software matches you with top-rated carriers
- Our agents apply and negotiate your lowest rates
- We present and recommend your best options
Ready to Start Your Quote?
Don't settle for cookie-cutter rates
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Ask about our Pay As You Go plans designed to improve cashflow and bullet-proof your audits.
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