If you are a professional electrician, then you know you need health insurance and auto coverage. However, you may have asked yourself, “do electricians need professional indemnity insurance?” Find out why the answer to this question is yes.
What Could Go Wrong
During a typical work week, most of your tasks are probably fairly routine. When you are dealing with electricity, however, there is always a chance that things could go wrong. All of the following simple mistakes have the potential to result in an electrical fire:
- Driving staples too far in so that they cause a wire to deteriorate
- Choosing a wire that is too thin for the voltage
- Leaving wires exposed
- Installing a connector that does not fit correctly
How Professional Indemnity Insurance Protects You
Professional indemnity insurance protects you from potentially devastating costs associated with damages that a client might claim were caused by your services. As long as you were not negligent in your job duties, this type of coverage will protect you from having to pay out of pocket for personal injury, loss of property, and legal fees.
Just like other types of insurance, professional indemnity also should be considered a requirement of working as a professional electrician. Talk to your insurance agent about the type of policy that is right for you.