When your job is to wire residential or business electrical or technical systems, you undertake quite a bit of liability. At Evans, Pires & Leonard, we provide the kind of insurance protection you need.
If a customer alleges that you have damaged their property or injured someone, you could face expenses that could cripple your business. A Professional Liability policy, also known as Errors and Omissions Insurance, can help. It pays for legal defense costs, sometimes from the first dollar forward, and will cover payouts you have to make for restitution, up to a certain limit.
We will help you understand your General Liability Insurance and make sure, if there are gaps, that you have options on covering the work you, your employees and any subcontractors do. If you have Pollution Liability risks or cyber-related exposures, we can help with those, too. Under some contracts, you may be required to provide certain types of bonds that guarantee your ability to fulfill your obligations. We can help you secure such bonds, if needed.
Sometimes technology and electrical contractors are concerned that fires or other problems will occur long after the job is completed and that they will be held liable for such incidents. It is possible to get long-tail coverage for these kinds of risks, so ask your advisor what’s available.
Many technology and electrical contractors do their work off-site. If that describes your business, you will want a Business Auto policy either for company vehicles or for non-company autos that are used for your operations. Your Workers Compensation Insurance also needs to be set up to follow your employees wherever your work takes them. Employee Crime is another concern that you can insure against—for example, if a customer alleges that, while on the job, your employee stole from them. We also offer policies that cover allegations of sexual abuse or other personal crimes. If you travel with tools or equipment or accept payments in cash or check, you should consider Inland Marine Insurance that covers the possibility of loss of these things.
There are many more exposures that your Evans, Pires & Leonard advisor will discuss with you to make sure you receive the best in insurance protection.