Electrical Contractors

With the enormous risks that Electrical Contractors face daily,

Fairbanks Insurance Brokers offers a package of commercial coverages that will provide an economic safeguard to mitigate financial risk.

Electrical Contractors face the same everyday risks as other contractors due to their specialized construction work related to the design, installation, and maintenance of electrical systems.

Injuries to employees or third parties, property damage at a job site, and damaged or stolen tools and equipment are some common occurrences that could lead to financial difficulty for your business.

Our insurance professionals are committed to helping you identify your risks and assist with designing affordable coverage to keep your business protected.

Here is What We Recommend:

General Liability


Because of the ongoing hazards at a job site, electrical contractors need to obtain commercial general liability coverage for financial protection if they are found liable for injuries or property damage to a third party.

Numerous US states now require this coverage before your contractors’ license is issued.

Workers' Comp


Workers’ Comp will protect your employees if they are injured or become ill from a job-related incident. Having this coverage will satisfy your state’s requirement to become licensed.

Accidents happen, and your workers’ compensation will be available to pay for medical expenses and lost wages.

Surety Bonds


Many states and customers may require electrical contractors to offer a surety bond before you can obtain a license or bid on a project.

This bond is a financial guarantee to your state’s licensing department and customer that you will fulfill project obligations according to your bid, and the vendors get will paid when the work is complete.

Commercial Auto


Your commercial auto policy will cover your business vehicles if you or an insured driver are found liable for an at-fault accident.

It also provides coverage if they get damaged in an accident, stolen, or vandalized.

Inland Marine


An electrical contractor’s tools are vital in the workplace, and coverage is needed to reimburse your business if they get stolen or damaged.

Your tool and equipment insurance will provide coverage while your tools and equipment are used or stored.

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