Am I covered for Phase 3 work?
Yes. Your policy covers you for all Phase 3 work you may undertake.
Why does an electrician need public liability insurance?
Electricians can face the risk of legal action in respect of their liability for personal injury or property damage arising from their work, or as a consequence of their work. The potential awards as a result of a successful claim can be substantial but even the legal costs of defending the most spurious claim can cause severe financial hardship. Electricians public liability insurance covers you against these risks.
Why do I need electrician-specific insurance?
Some general policies may contain inadequacies that may leave your business uninsured in the event of a major loss. Therefore, protect your company with an industry-specific policy from Towergate.
Are labour-only sub-contractors covered in the same way that direct PAYE staff are under the employer’s liability policy?
Yes, both types of employers are covered for the same risks although it is very important you declare how your workforce are employed as it will affect how your risks are calculated.
Do you provide incidental efficacy cover?
Yes. Our incidental efficacy cover protects you against legal liability as a result of a product or service you provided, which failed to perform as and when intended, up to £100,000.
The cover is subject to no more than 15% of the businesses turnover being directly attributed to the design, advice, installation, maintenance and repair of theft or fire protection devices. Higher limits with no restrictions on the percentage of the businesses turnover are available for an additional premium.
Is the financial rating of an insurer an important factor?
As the system measures an insurer’s financial situation, allowing you to predict their ability to meet ongoing policy obligations, it is an important factor.
Also, there are a number of main contractors that will not sub-contract works to any companies not insured with an insurer with a minimum of an A-financial rating (as determined by established ratings companies).
If you have any concerns about whether this may affect your business or have any questions around the rating of an insurer speak with one of our advisors.
Can I pay for my electricians insurance in instalments?
To help you spread the cost of your premiums, we offer a quick and easy direct debit scheme for spreading payment over ten months. Please visit our dedicated Direct Debit page to find out more.