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Electrical Contractors

Electrical Contractors face many of the same everyday risks as other contractors. Injuries to employees or third parties, property damage at the jobsite, and damaged or stolen tools and equipment, are some common occurrences that could lead to financial difficulty for your business. The experts at Fairbanks Insurance Brokers represent multiple highly-rated insurance carriers that will offer coverage for every aspect of your business. Our insurance professionals are committed to helping you identify your risks and assist with designing affordable coverage to keep your business protected. We understand your industry and will offer the best solutions to keep you and your employees safe while on the job. The most common coverages that Electrical Contractors should consider are General Liability, Worker’ CompTool Coverage, Commercial Auto, and Surety Bonds.

Here is What We Recommend:

General Liability

Contactors General Liability will be the foundation of protection for your carpentry business. The coverage will respond if you or your employees are found liable for bodily injury or property damage. The coverage also covers defense costs for your business to respond to any lawsuits brought by a third party.

Workers' Comp

Many states will require carpentry contractors to provide workers’ compensation coverage for their workers in order to work in their state. Accidents happen at job sites that can result in an employee becoming injured and missing work. Your workers’ compensation coverage will provide financial assistance for medical and lost wage expenses.

Surety Bonds

Many states and customers may require carpentry contractors to offer a license or surety bond before you are allowed to bid on a job or begin working. Your bond is a financial guarantee to your state’s licensing department and your customer that you will complete the job according to your bid.

Commercial Auto

Typically, carpentry contractors will have multiple vehicles that require commercial auto insurance to make certain their vehicles can be repaired or replaced in the event of an accident, vandalism, or theft.

Tool Coverage

Also known as Inland Marine Insurance, this policy will provide for reimbursement for expenses to repair or replace tools and equipment. Your tools represent a major part of your livelihood, so we always encourage carpentry contractors to consider this valuable coverage.


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