Whether you’re an independent electrician or owner of an electrical company, working with electricity can be dangerous and unpredictable.
Electricians take precautions and protect themselves to ensure they can avoid as many accidents as possible by staying up to date on training’s and learning about new electrical technology, and they also protect themselves by having the right insurance.
After all, one accident without the right insurance can mean the end of an electrician’s business or career.
As the owner of a small-sized electrician company in Keokuk, your busiest season is fall and spring, when homeowners are preparing their homes for the winter cold and summer heat.
One day, an employee experiences an unexpected electric shock while out on the job, causing serious injury, but luckily not fatal.
As the employer, you are glad that your employee is okay and are also glad that you purchased a complete insurance package for your business that included workers compensation. You know that your employee is covered and so is your bottom line.
What would have happened if you didn’t have workers compensation?
Without workers compensation, all hospital bills and potential lawsuits from your injured employee would come out of your pocket. Having the right insurance to cover your employees while on the job can mean the difference between the financial success and failure of your company should an accident happen.
Does your electrician company have the right insurance?
Be sure to talk to your insurance agent to make sure the insurance policies that are in place for your electrician company provide full coverage for a variety of accidents that may occur, including property damage, general liability coverage, workers compensation and business income or loss of income insurance.
With the right insurance, you can rest easy knowing your hard work and the hard work of your employees is covered.