Core coverages in this program
- •General Liability with completed operations
- •Tools & Equipment / Installation Floater
- •Commercial Auto & Hired/Non-Owned Auto
- •Workers' Compensation
- •Contractor License Bond
- •Commercial Umbrella
Completed operations is the coverage that matters
Most electrician claims arrive after the job is finished: a panel overheats, a junction fails, an arc fault starts a fire. Products-completed operations coverage responds to that damage — and low-cost policies sold online frequently exclude it or sublimit it. Always confirm the products-completed operations aggregate matches the general aggregate, and read the exclusions for work involving service upgrades, EV chargers, or solar if you perform them.
What electrician insurance costs
Residential service electricians rate lowest; commercial and industrial work, high-voltage, and solar or EV installations rate higher. Workers' comp is the largest line item once you have employees.
| Coverage | Typical annual premium | Rating basis |
|---|---|---|
| General liability $1M/$2M | $1,200–$3,500 | Revenue, work type, sub costs |
| Workers' compensation | $4.00–$9.00 per $100 payroll | Class code 5190, experience mod |
| Commercial auto per vehicle | $1,800–$3,500 | Radius, driver MVRs |
| Tools & equipment $20K | $350–$700 | Limit, deductible |
Need a COI for a contract?
Send us the contract's insurance requirements and we'll tell you exactly what coverage satisfies them — existing clients get same-day certificates.
License bonds are not insurance
State contractor license bonds — California's $25,000 CSLB bond, for example — guarantee your compliance to the state and to consumers. If a claim is paid, the surety collects it back from you. That is the opposite of liability insurance, which pays on your behalf. You need both: the bond to hold the license and general liability to protect the business.
GC requirements, subs, and audit surprises
General contractors typically require $1M/$2M general liability, $1M commercial auto, workers' comp with employers liability, additional insured on both ongoing and completed operations, primary & noncontributory wording, and a waiver of subrogation. Collect certificates from every sub you use — uninsured subcontractor payroll is charged back to you as employee payroll at your workers' comp and GL audit, which is the most common source of surprise year-end bills.
Ready for a benchmarked quote?
A KTL specialist will shop your risk across multiple A-rated markets within one business day.