Professional Indemnity Insurance For Electricians
Working as an electricians means that you work an industry that can prove dangerous which means that there is every possibility that problems can arise. When it comes to electrical work, the number one risk is electric shock to a third party and this could be down to things such as an exposed wire. This is where professional indemnity insurance for electricians is the ideal cover.
Taking out professional indemnity insurance with us will ensure that you are given the right cover that works for your business because it will suit your every need. This type of cover will provide you with the protection that you need should any third party attempt to sue you as a result of negligence, omission or errors on your part. Having a policy such as this will ensure that all costs are covered should you have to pay compensation to a third party as well as costs associated with defending yourself.
PI Insurance For Electricians
We will consider all risks and ask you to complete a short questionnaire that will enables us to understand which cover is right for you whilst ensuring that it is within your budget.
This is crucial for your business because protecting yourself in this way will ensure that your business has a bright future should the worst happen.
How does it work?
Professional indemnity insurance for electricians is crucial because it offers you protection in a number of different ways should a claim be made against you. This is slightly different to the usual insurance because you are protected on a “Claims made” basis which means that any claims that are made should be linked to work that you have carried out during the period that this cover was put in place.
If you make any errors whilst carrying out work or if any issues arise after you have completed a job that results in financial losses or any other form of losses for you client they have the right to make a claim against you. This will not only have huge financial implications for your business but it could also signal the end, therefore, this cover will provide financial protection which gives you peace of mind because you will not have to cover any costs.
The features that come with this cover are: