Covers the value of materials and labor for partially completed construction projects. This insurance is applicable for general contractors that carry out new construction or renovation projects for clients.

You are building a custom home for a client. Halfway through the job, a fire breaks out and destroys the partially completed house.

Builder’s hazard insurance protects the value of materials and labor that have been expended on the job to date.

Protect your business if you physically harm another person or cause damage to someone else’s property. Many customers require electrical contractors to have commercial liability insurance to be purchased.

Property Damage: Accidentally dropping your tool belt and damaging your customer’s custom flooring

Bodily Injury: Customer Trips Over Left Power Cords and Sues His Company for Negligence

Products and Operations Completed: Due to faulty electrical work, one month after completing a job, a fire starts at the customer site. The client sues your company for damages caused by fire.

Provides protection for property that your business owns or is responsible for.

Commercial property insurance provides protection for the property stored in your office owned by your business. If your business owns your office, it can also provide protection for the building itself.

You have computers and inventory in your office. A fire breaks out that destroys the property stored in your office.

Protect your business if you or one of your employees have caused injury or harm to another person while driving a commercial vehicle or while driving for business purposes. It also protects your company vehicles against damage or theft.

Your work truck crashes into another vehicle on the way to electrical work. The other driver is injured and sues your company.

Your company truck is stolen from the parking lot in front of your company.

Provides protection for mobile equipment that is commonly stored at customer sites or off your business premises. This insurance protects your mobile equipment no matter where it is.

You own a loader that is parked on a construction site. A windstorm knocks over a tree branch damaging the charger.

Provides protection to general contractors who provide design or construction management services to their clients. Covers lawsuits alleging labor errors, undelivered work, negligence, and tampering.

You create a design for a remodel for a client and the specifications for the design are included in the contract. The client believes that the final product does not meet the design specifications and is not satisfied with their work. The customer demands your business.

It provides funds for medical expenses and lost wages if one of its employees is injured or dies while working. In almost all states, workers’ compensation insurance is required for businesses that have employees.

One of your employees receives an electric shock and injures his hands. Workers’ compensation insurance provides coverage for an employee’s medical bills, rehabilitation expenses, and a portion of his lost income while he is unable to work.