Electrician Insurance

Minnesota Electrician Insurance

Are you searching for electrician insurance in Minnesota? Your search has ended. We love Electrical Contractors! Hahaha, the classification. Electrician insurance is available at a meager cost through our local Minnesota independent insurance agency.

You may be curious about the costs of electrician insurance. 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 email and electronic signing, we can have you covered quickly.

Many of our electricians ask if we do 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 in accordance with the state’s rules. So, you may sometimes see $125.00 for the first bond term.

Purchase your electrical company insurance, including general liability insurance, and your electrical bond from us. Let our local, experienced Minnesota insurance agents help you today. Call 952-222-8073. We do it right the first time, on budget!

General Liability Insurance for Electricians

Minnesota electricians are required to have general liability insurance as part of their licensing requirements, and it is the core insurance policy for most electrical contractor businesses in the state.

General liability insurance provides coverage for bodily injury and property damage, making it a crucial 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.

Typical 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 the requirements to us as soon as possible. Sending us the requirements saves time and helps you secure a certificate and the contract quickly.

Business Owners Policy (BOP) – Electrical Contractors Insurance

Take a general liability insurance policy and add coverage that many electrical contractor companies need, such as building coverage and business personal property. If your electrical business qualifies, a Business Owners Policy (BOP) is preferred, even if the property is not insured, as it includes business interruption insurance.

Contact Us for a Quote

We are ready to discuss your Minnesota electrician liability insurance and 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. Call 952-222-8073 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.

General contractors, paper contractors, or construction management companies can contract the work to licensed subcontractors without needing an electrical contractor license.

Q- Do self-employed electricians need insurance?

Ans: Electricians need general liability insurance to protect the public, whether operating as a business or as self-employed individuals.

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 wiring at home? Minnesota State Law requires a licensed, insured, and bonded electrical contractor to do all electrical work.

It is always best to check with your local city electrical inspector before doing wiring or electrical work.

Q- Should an electrician be insured?

Ans: Electrician Insurance in Minnesota, specifically general liability insurance, is required by the Minnesota Department of Labor & Industry for licensure.

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 $480 per year, for one person.

The first policy a Minnesota electrician would typically purchase is general liability insurance, one of the licensing requirements.

General liability helps protect your business from claims of bodily injury and property damage made by third parties.