Electrical Contractor Insurance: What Cover Do You Need?

Due to the specialised nature of your work, electricians are always in demand. An essential part of running your business as an electrician is ensuring that you have the right level of insurance cover in place. As the trade insurance experts, GSK Insurance Brokers are here to share what you need to know about insurance for electricians.


electrical contractors insurance

Why do electricians need insurance?


Insurance provides you with the confident that you’re protected financially when things go wrong. For electricians, the nature of your work means there is a higher risk of things going wrong compared to other professions and insurance is essential. Most employers will not take you on as a contractors without proof of public liability insurance and you won’t be able to enter some worksites without it. If you’re an electrician in Queensland, you must have public liability insurance in place as well as additional consumer protection insurance.  

What forms of cover you electricians need?


There are a number of policies which may apply to your work as an electrical contractor, including:

Public liability insurance – this policy means you’re protected financially if you cause damage to property or injury to a person as a result of your actions at work. It also covers legal bills if you need to hire a lawyer during the claims process.

Workers compensation insurance – this is compulsory cover if you have employees and it means employers are reimbursed for payments associated with a workers compensation claim made to employees, such as wages.

General property insurance – provides cover if your transportable items, such as your tools or other equipment, are lost, damaged or stolen.

Personal disability cover – provides you with a portion of your income if you’re unable to work following injury or illness.

How much does electrical contractors insurance cost?


The cost of your electrical contractors insurance will depend on a number of factors such as the size of your business, the type of work you do, the location of your work, your claims history and the number of employees you have. The higher your risk then the more you can expect to pay in premiums as there’s an increased chance of a claim. When you’re looking for insurance, take the time to get a number of quotes and also compare the level of cover you’re being offered – the cheapest policy may not necessarily be providing the best cover. 

GSK Insurance Brokers lead the way when it comes to offering tailored insurance solutions for businesses of all sizes across a range of industries. Our experienced insurance brokers are there to support you every step of the way, from the initial stages of taking out your policy to doing the heavy lifting at claim time. With a loyal client base stretching across Australia, we know how to cover your risks.

If you’re looking for electrical contractors insurance, contact the team at GSK Insurance Brokers today on 1300 687 962.

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