Minnesota Electrician Insurance
Are you searching for electrician insurance in Minnesota? Your search has ended.
We love Electrical Contractors! Hahaha, the classification. Electrician insurance at a meager cost through our local Minnesota independent insurance agency.
You might be curious what electrician insurance costs? We have a couple of special programs for electricians with rates starting at $482.00 per year. That would be the rate for a one-person operation, but we insure electricians and electrical contractors of all sizes.
Clients from Minneapolis and St. Paul, Plymouth, Rochester, Mankato, and Rosemount love our services. We insure electricians all over the State of Minnesota. With the internet, email, and electronic signing, we can have you covered in no time.
Many of our electricians ask if we do the Minnesota electrical bonds? The answer is YES! The two-year electrical contractors bond is currently $219.00. However, it must be written to match up and expire following the state’s rules. So, sometimes you might see $125.00 for that first bond term.
Buy your electrical company insurance / general liability insurance and your electrical bond from us. Let our local experienced Minnesota insurance agents help you today, call 952-469-0425. We do it right the first time and on a budget!
General Liability Insurance for Electricians
Minnesota electricians need general liability insurance as part of the licensing requirements in Minnesota, and it is the core insurance policy for most electrical contractor businesses in Minnesota.
General liability covers bodily injury and property damage; it is an important policy for your business. Often companies will include a property damage deductible ($1,000, $2,500, etc.). Consider this deductible when determining the proper electrical contractors’ insurance for your electrical contracting business.
Common limits of liability coverage are $1,000,000/$2,000,000. The $1,000,000 represents the per occurrence limit or claim. The $2,000,000 represents the aggregate limits or maximum per policy term limit for all claims presented.
Many of our electrician friends are given specific requirements from an MN general contractor. Sometimes they are also looking for commercial auto insurance and workers’ compensation for electricians. Please email it to us right away. Sending us the requirements saves time and helps you quickly secure a certificate and the contract.
Business Owners Policy (BOP) – Electrical Contractors Insurance
Take a general liability insurance policy and mix in what many electrical contractor companies need, like building coverage, business personal property. If your electrical business qualifies, a BOP is preferred even if the property is not written, as it includes business interruption insurance.
Contact Us for Quote
We are ready to discuss your Minnesota electrician liability insurance and your business details; reach out to us.
Request your MN electrician insurance quote now! You will be shocked when you hear our low rates.
Request your insurance quote now. Pick up the phone and call 952-469-0425, or use the quick quote form to the right.
Electrician Insurance Coverage Frequently Asked Questions (FAQs)
Q- Can a general contractor do electrical work in Minnesota?
Ans:- If the general contractor is also a licensed electrical contractor, then yes. The State of Minnesota requires a license to do electrical work here.
General contractors, paper contractors, or construction management companies can contract the work to licensed subcontractors without needing an electrical contractor license of their own.
Q- Do self-employed electricians need insurance?
Ans:- Electricians need general liability insurance to protect the public, whether operating as a business or on a self-employed basis.
General / public liability provides broad coverage from third parties for bodily injury and property damage.
Q- Can a homeowner do their own electrical work in Minnesota?
Ans:- Can I do my own wiring in my home? Minnesota State Law requires all electrical work to be done by a licensed, insured, and bonded electrical contractor.
It is always best to check with your local city electrical inspector before doing any wiring or electrical work.
Q- Should an electrician be insured?
Ans:- Electrician Insurance in Minnesota, general liability insurance, is required by the Minnesota Department of Labor & Industry to be licensed.
Often, the coverage is written with a $1,000,000 per occurrence limit and a $2,000,000 aggregate limit (maximum per policy year).
If you have employees, the state also requires workers’ compensation insurance.
Q- How much does insurance cost for electrical contractors?
Ans:- Electrical contractors in Minnesota can expect to pay a premium of $40 per month, or $482 per year for one person.
The first policy a Minnesota electrician would buy is general liability insurance, one of the license requirements.
General liability helps protect your business from third parties’ bodily injury and property damage claims.