Right now the weather is still pretty moderate and there’s still last minute home-improvement projects that can be done before the dead of winter. It’s still a productive time of the year for electricians and other home-related industries.
If you’re an electrical contractor in Keokuk, how do you make sure you take full advantage of this season? Well for one thing, you’ve got to make sure you have the right insurance in place.
If you’ve been putting it off, then take this as your omen to get the proper insurance in place.
Four types of insurance all electricians need to have:
Property damage coverage: Property damage provides coverage in the event there is any damage to the office, warehouse or any other space you own or rent for your electrician business. In addition to having this policy, you can also add a clause covering tools and equipment.
General liability insurance: General liability insurance will cover your business if a third party (someone who doesn’t work for your company) is injured or sustains property damage as a result of your company doing business.
Workers compensation: Workers compensation is the best thing an employer can provide for their employees. This policy covers your employees if they are injured, become sick or are killed because of a work related accident.
Business income or loss of income insurance: Business income insurance provides coverage in the case something happens, like a natural disaster, that prevents you from running your electrical contracting business.
Insure the Money You Make
With the right insurance coverage for your electrical contractor business you can maximize the stream of revenue that flows into your income. Your insurance agent can help you find the right mix.
Talk to your insurance agent today to make sure there are no gaps in your coverage and if there are, what policies need to be added to provide your electrician company with complete coverage.
About Ryan Ruffcorn
Ryan grew up in Keokuk, graduated from Keokuk Senior High, and started his agency in Keokuk from scratch in 2003 after having worked for one of the largest international accounting firms, KPMG, LLP.
Ryan is hardworking; his loyal and trustworthy character is exemplified by the way he does business. He thoroughly enjoys helping clients through the insurance buying process to secure coverage for their most valuable assets.