Insurance for electricians with the right coverage
As an electrician you're exposed to risk on a daily basis, and no matter how careful you are or how many years of experience you have, you know better than anyone that accidents happen.
We know that the insurance needs for electricians are specific, and having the right level of cover is not only vital to the financial future of any successful contractor or electrical business, it’s also mandatory in many states. Plus if you buy online you can save up to $100.
Need a certificate of your current policy?
If you need to prove you hold an existing NRMA Business Insurance policy, you can request a Certificate of Currency.
If you would like a copy of your policy, you can request a Certificate of Insurance.
If you require we can provide you with a Tax invoice.
Most popular types of cover
Choosing the right cover for your business can be complicated. To help you with making these important decisions, we have provided you with the coverage that most businesses like yours choose:
- Public and Product Liability: Covers claims against you for negligent acts in connection with your business, such as the faulty installation of wiring or defective workmanship on electrical repairs that results in personal injury or property damage
- General Property: An electrician’s tools and equipment are a vital part of your livelihood, and replacements can be costly. Cover your tools, business property and equipment against loss, damage or theft
- Personal Accident and Illness: Not only is the risk of electrocution high, but you're also exposed to many other occupational risks on a daily basis. Protect your income if you suffer an injury or illness that prevents you from working
- Fire and Defined Events: Cover your tools of the trade, equipment, stock and business premises against loss or damage in the event of a fire, lightning, malicious damage, earthquakes and storm damage.
- Burglary: Covers you from an unknown person(s) breaking into your premises, or the premises you are renting, and stealing your business stock, contents or equipment
- Motor Vehicles: Covers you for business motor vehicles and mobile plant used to operate your business
- Burglary: Covers you from an unknown person(s) breaking into your premises or the premises you are renting and stealing your business stock, contents or equipment
- Money: Covers money being stolen from your premises
- Multiple Risks: Covers you for accidental loss or damage to specified items of property anywhere in Australia or New Zealand
- Tax Audit: Provides you cover for the cost of professional fees resulting from an audit or investigation which relates to you paying a tax
- Fraud and Dishonesty: Provides cover for you against loss of money caused by any fraudulent or dishonest act or omission by an Employee with the clear intent of making improper personal financial gain
- Electronic Equipment: Covers you for breakdown of office equipment such as computers, printers, fax machine and phone equipment
- Machinery: Covers breakdown of cash registers, cool rooms, display fridges or air conditioners
- Glass: Covers breakage to shop front windows, glass shelving or display cabinets, sign writing and advertising signs
- Business Interruption: Covers the loss of profits after your business suffers damage due to an insured event, such as a fire or storm and the business is closed for the process of rebuilding or repairing the damage. If you are no longer able to trade because of this event, you can continue to receive a cash flow to help ensure your business returns to its normal operation
Why do electricians need insurance?
When it comes to being an electrician, you know better than anyone the occupational hazards you face everyday - more so than many other profession. Just think about your daily exposure to:
- Risk of electrocution or electrical burns
- Solvents, solder and other hazardous materials
- Welding accidents
- Repetitive manual tasks that may result in physical injury
- Liability hazards
- Each one of these risks could result in personal or employee injury (injury to you or your employees isn't covered under liability and will be covered either under Personal accident or Workman compensation) that could result in large claims against your business. These costs alone could be enough to make you insolvent.
Our insurance for electricians can help to ensure that you won’t be left out of pocket if something goes wrong.
Is Electrician Insurance mandatory?
Electricians who work in certain Australian states, such as Queensland, are required to hold a valid public liability insurance policy in order to gain their Electrical Contractors licence.
Also, most building and construction companies now have strict public liability insurance requirements before you can work on site.
How can Electrician Insurance benefit your business?
If you're unable to work due to injury or illness, or your business faced a large liability claim would you still be able to support your family, cover your mortgage payments and pay the bills?
The main benefits of taking out NRMA Tradies Insurance Policy that helps protect you, your family and your business include:
- Replacement of your income with a weekly benefit if you're unable to work due to injury or illness. This can provide cover for the self-employed where there's no access to sick leave
- Cover against liability claims you may face if your work as an electrician has resulted in property damage or personal injury to a third party
- Financial protection for your business against any fraudulent, dishonest activity or omissions by an employee
- Cover for your commercial vehicles and tools against theft, fire or accidental damage.
Including your home in your Business Insurance?
Things you should know
Our Home Key Facts Sheet (KFS) sets out some of the events/risks covered and not covered by our domestic homes listed in Business Insurance policies and other information you should consider. These sheets do not provide a complete statement of the cover offered, exclusions, conditions and limits that apply under the policies. You should carefully read the Product Disclosure Statement (PDS) and all policy documentation for more details.