By the General Liability Guide Editorial Team. Our guides are verified against actual insurance carrier rate sheets and state industrial commissions.
As an electrician, your work is often hidden behind walls, but the risks are highly visible. A single bad wire can cause a total loss house fire years after you leave the site.
Licensing Bonds vs Insurance
Many states require a "Contractor License Bond" in addition to General Liability. A bond is a guarantee to the state that you will follow codes, while insurance is a guarantee to the client that you will pay for damage.
Frequently Asked Questions
Insurance covers the *damage* caused by the work (e.g., the fire), but usually does not pay for you to go back and *fix* the bad wiring itself.
About This Guide
This guide was researched and written by the General Liability Guide editorial team to help business owners navigate the complexities of commercial insurance. We use data from industry leaders and regulatory filings to provide the most accurate estimates possible.