As an electrician in Georgia, having comprehensive insurance coverage isn’t just about meeting state requirements—it’s essential for protecting your business, securing contracts, and ensuring long-term success. Based on our analysis of over 1,200 electrician insurance quotes from leading carriers, this guide breaks down the coverage you need and what you can expect to pay as an electrical contractor in Georgia.
Circuit your way to success with our guide to liability insurance for electricians.
General Liability Insurance for Georgia Electricians
Based on our analysis of over 1,200 electrician insurance quotes from leading carriers, here are the typical costs for Georgia electricians:
Average Annual Premiums and Potential Savings
Revenue Size | Average Premium | % of Revenue | Favorable Rate | Potential Savings |
---|---|---|---|---|
$150K | $1,390 | 0.9% | $950 | 31.7% |
$500K | $3,610 | 0.7% | $2,040 | 43.5% |
$1M | $6,840 | 0.7% | $3,580 | 47.7% |
These premiums assume:
- Clean claims history (5+ years without incidents)
- Standard $1M/$2M coverage limits
- Mix of residential and commercial electrical work
- Approximately 10% subcontractor costs
Coverage includes:
- Property damage from electrical work
- Bodily injury to third parties
- Completed operations coverage
- Products liability for installed components
- Defective workmanship claims
Worker’s Compensation Insurance for Georgia Electricians
Worker’s compensation insurance is mandatory for Georgia electrical contractors with three or more employees. Based on our analysis, Georgia electricians typically pay:
- Average premium per employee: $1,616 annually
- Premium per $100K payroll: $3,250
Key factors affecting premiums:
- Job classification (Code 5190 for electrical work)
- Total annual payroll
- Claims history and safety programs
- Experience modifier rating (EMR)
Additional Business Insurance for Electricians in Georgia
1. Commercial Auto Insurance
- Annual cost: $1,500-$3,050 per vehicle
- Standard limits: $100K/$300K/$100K
- Higher limits recommended: $500K-$1M
- Required for work vehicles
2. Tools & Equipment Coverage
- Annual premiums: $200-$2,000
- Coverage limits: $5,000-$15,000+
- Per-item limits typically $5,000
- Protects specialized electrical tools
3. Contractor’s E&O Insurance
- Annual cost: $50-$500
- Coverage limits: $10,000-$1M+
- Covers professional mistakes
- Includes faulty workmanship claims
4. Surety Bonds
Bond amounts typically $5,000-$25,000 with premiums based on credit:
- Excellent credit: 1-2% of bond amount
- Good credit: 2-3% of bond amount
- Poor credit: 3-5% of bond amount
5. Commercial Property Insurance
- Annual premiums: $1,000-$5,000
- Protects offices and storage facilities
- Coverage based on property value
- Includes equipment and inventory
Get Georgia Electrician Liability with ContractorNerd
ContractorNerd makes electrical contractor insurance simple and data-driven through:
- Instant online quotes from A-rated carriers
- Side-by-side coverage comparisons
- Electrical contractor insurance expertise
- Streamlined application process
- Ongoing policy management tools
- Claims advocacy when needed
Our team of electrical contractor insurance specialists can help:
- Optimize coverage based on your specific risks
- Find competitive rates through our carrier network
- Bundle policies for maximum savings
- Ensure compliance with state regulations
- Manage certificates for larger projects
Visit our online quote tool or speak with an electrical contractor insurance specialist to get started with tailored quotes for your Georgia electrical business.