As an electrician in Pennsylvania, having proper insurance coverage is crucial for protecting your business, meeting state requirements, and securing contracts. This comprehensive guide breaks down the essential insurance coverages Pennsylvania electricians need, including costs based on our analysis of actual quotes from leading carriers.
Stay grounded with our overview of electrical contractor company insurance.
General Liability Insurance for Pennsylvania Electricians
General liability insurance is essential for Pennsylvania electricians, protecting against property damage and bodily injury claims. Based on our analysis of over 1,200 electrician quotes, here are the typical costs:
Average Annual Premiums and Potential Savings
| Revenue Size | Average Premium | % of Revenue | Favorable Rate | Potential Savings |
|---|---|---|---|---|
| $150K | $1,850 | 1.2% | $1,120 | 39.5% |
| $500K | $5,390 | 1.1% | $4,290 | 20.4% |
| $1M | $10,270 | 1.0% | $7,260 | 29.3% |
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
Key coverage includes:
- Property damage from electrical work
- Bodily injury from electrical hazards
- Completed operations coverage
- Products liability for installed components
- Faulty workmanship claims
Worker’s Compensation Insurance for Pennsylvania Electricians
Workers’ compensation insurance is mandatory for Pennsylvania electricians with employees. Based on our analysis, Pennsylvania electricians typically pay:
- Average premium per employee: $1,849 annually
- Premium per $100K payroll: $2,970
Key factors affecting premiums:
- Job classification codes (primarily 5190 for electricians)
- Total annual payroll
- Claims history
- Safety programs and certifications
- Experience modifier rating (EMR)
Additional Business Insurance for Electricians in Pennsylvania
1. Tools & Equipment Insurance
- Annual premiums: $200-$2,000
- Coverage limits: $5,000-$15,000+
- Protects electrical tools and testing equipment
- Coverage follows equipment to all jobsites
2. Commercial Auto Insurance
- Cost: $1,500-$3,050 per vehicle annually
- Standard limits: $100K/$300K/$100K
- Required for work vehicles
- Higher limits recommended ($500K-$1M)
3. Electrician License Bonds
- Bond amounts: $5,000-$25,000
- Premium: 1-3% of bond amount based on credit
- Required for licensing
- Guarantees work quality
4. Commercial Property Insurance
- Protects offices and storage facilities
- Annual premiums: $1,000-$5,000
- Coverage for fire, theft, vandalism
- Business interruption coverage available
5. Contractor’s E&O Insurance
- Annual premiums: $50-$500
- Coverage limits: $10,000-$1M+
- Protects against negligence claims
- Covers professional mistakes
Get Pennsylvania Electrician Liability with ContractorNerd
ContractorNerd specializes in making insurance simple and data-driven for Pennsylvania electricians. Our platform offers:
- Instant online quotes from A-rated carriers
- Side-by-side coverage comparisons
- Electrician-specific expertise
- Streamlined application process
- Ongoing policy management
- Claims advocacy support
Our team of insurance specialists understands Pennsylvania’s unique requirements and helps you:
- Optimize coverage levels for your specific risks
- Find competitive rates through our carrier network
- Bundle policies for additional savings
- Ensure compliance with state regulations
Visit our online quote tool or speak with one of our electrician insurance specialists to get started with tailored quotes for your electrical contracting business.