Electrical Contractors
Insurance
Workers Compensation Insurance
We've developed affordable insurance programs for Electricians.
Workers Comp Coverage for Electricians
For more than 15 years, we have assisted electrical contractors in locating coverage at reasonable prices. Our professionals are aware of the particular underwriting specifications set forth by insurance companies. We’ve created programs to assist you in obtaining the finest deals and most flexible payment options because of this.
We collaborate with top insurers providing coverage for electricians.
Pay As You Go
Boost cash flow and lower the chance of large audit costs.
Comparison Pricing
Obtain estimates from several insurance providers to guarantee the best deals.
Claims Management
To expedite the settlement of claims, our carriers employ skilled claim managers.
Our Top Electrical Contractors Insurance Companies
Markel FirstComp
Accident Fund
The Hartford
Benchmark Insurance
Travelers
ICW Group
Liberty Mutual
PIE Insurance
AmTrust
Workers Compensation Class Codes Related to Electricians
Workers are classified according to the tasks they perform for their employers. Currently, insurance companies can classify employees using almost 800 class codes provided by the National Council on Compensation Insurance (NCCI). To price a policy, insurance companies manually calculate a rate for each class code.
Sorting employees correctly is a crucial step in obtaining quotes. Employers who were incorrectly classified may wind up with excessive coverage costs or debt following an audit.
Class Code 5190 | Electrical Wiring- All Employees
This is a broad category of companies whose main line of business is offering electrical services under various conditions. Both home and business work can be done. Typical services include installing new wiring, installing cables, installing satellite dishes, installing electrical fixtures, installing or repairing electrical fixtures, and wiring equipment in manufacturing plants.
Insurance underwriters recognize that, despite the widespread use of the class code, there are significant differences in risk between home electricians installing low-voltage and 110 systems and commercial electrical contractors setting up electrical conveyer systems in manufacturing plants. It is imperative that agents who represent electrical contractors give a thorough description of each contractor’s activities and the precautions they take to reduce the likelihood of insurance claims.
Class Code 3724 | Installation or Repair of Electrical Equipment
Businesses that install or maintain building equipment are included in this categorization code (apart from those that deal with plumbing, heating, cooling, or ventilation equipment). This industry includes the upkeep and repair of various building equipment. It is possible for new work, expansions, alterations, maintenance, and repairs to be completed. Gas pump maintenance, elevator or escalator installation, and overhead door installation are related businesses.
Class Code 5183 | Thermostat Installation
A broad code called 5183 is used to categorize many different kinds of electrical contractor-related company operations. Other procedures covered include fire suppression systems, plumbing, sprinkler, and pump installation in addition to thermostat installation.
Alternative State Class Codes for Electrician:
States occasionally stray from the NCCI-recommended industrial class code. For some business segments, they might demand the use of a state-specific class code in place of the NCCI code.
| 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 is a national Agency, licensed throughout the United States.
Get the Best Electrician Insurance Coverage
Many electrical companies are overpaying for coverage because the insurance companies that offer the best rates are not available to their agent. Installment programs based on expected payroll that remain constant despite fluctuations in payroll are utilized by other business owners. We assist our clients in locating the most affordable insurance plans for every distinct state and kind of electrical wiring enterprise. Your company’s cash flow will be enhanced by our Pay As You Go payment options. New entrepreneurs and businesses with higher Experience Modification Ratings are the clients we work with. Since 2005, we have been writing insurance for electrical contractors.
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. We shop renewals too
Commercial Package Insurance Options
How Does Workers Comp Work?
Workers comp coverage protects employees when injured. It makes good financial sense for both parties.
Accidents and injuries occur. These mishaps and claims are covered by a no-fault scheme called workers compensation insurance. In most states, it’s mandated by law.
- Lost income for workers who can't perform job duties
- Medical expenses for injury or illness 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.
Workers compensation insurance may not always shield employers or employees from lawsuits brought on by workplace accidents.
- Injuries resulting from a violation of the law
- Accidents resulting from using 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
For electricians, the cost of business insurance has been rising. The primary drivers of the cost increase in coverage have been workers compensation and general liability insurance. In order to offer our clients business insurance packages that are more reasonably priced, we have teamed with our insurance providers. Find out more about our alternatives for electricians package insurance:
- Employee Benefits and Employer Liability
- Insurance for Electricians Liability
- Both commercial and personal property
- Liability for umbrellas and more
Not every class code or every line of insurance coverage will be offered in every state. For more on our general liability and workers compensation insurance programs, get in touch with one of our Workers Comp Specialists.
How Much is Electrician Insurance?
Under the electrical contractor class code, our clients typically pay about $2.50 for workers compensation for every $100 of payroll. A general liability insurance coverage typically costs $750.00.
Workers Comp Costs
- Work Comp costs are determined by payroll.
- Your cost will be influenced by your state and EMR rating.
- Electrical work type can alter rates.
- There may be premium reductions and policy credits.
General Liability Costs
- Electricians GL rates are determined by payroll, rated at $1000.
- Pricing may be impacted by gross revenue.
- Underwriters are interested in the kind of wiring.
- Pricing is impacted by years in company and prior claims.
- SIC 1731: Contractors in Electrical Work
How To Get Workers Comp
How Do I Get Started?
Here's what we need from you
- Business details, locations, FEIN or SSN
- Estimated annual payroll and job duties- class codes
- Claims info or loss history- if applicable
What Happens Next?
We go find for your best price
- Our software matches you with top-rated carriers
- Our agents apply and negotiate your lowest rates
- We present and recommend your best options
Real Agents, Fast Insurance Quotes
Compared to other insurance companies or organizations offering online workers compensation estimates, Workers Compensation is unique. We are authorities on ownership regulations, class codes, audits, and state legislation. The best workers compensation insurance quotes from reputable carriers are obtained through our quote procedure. Check it out for yourself. Give our professionals a call at or begin your online workers compensation quote request right now. You’ll be happy that you did.
Workers Compensation Info
- What is Workers Compensation?
- Workers Compensation Class Codes
- Experience Modification Rates
- How Much Does Workers Comp Cost?
- Workers Compensation by State
Workers Comp Programs
- Best Selling Workers Comp Programs
- Pay As You Go Insurance
- Self Monthly Workers Comp Reporting
- The Hartford Workers Compensation
- Multi-State Workers Comp Coverage
Employer Resources
- Workers Compensation Rates
- Rules for Workers Comp
- Frequently Asked Questions
- Find a Workers Comp Form
- Get Workers Compensation Quotes
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