Electrician's Business Risks

Electrician's Insurance Essentials

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With the day to day operations of running your own business, it can be tough to find the time to sit down and consider some of your most crucial risks and insurance needs. The resources below may be useful in identifying some of these.

Your risks

By understanding what risks you face, you may be able to better understand what insurance policies are most necessary for your business as an electrician.

Your insurance needs

Due to the nature of what you do, your work site is filled with potential risks and hazards. Getting the correct insurance coverage will ensure that should the worst happen, you'll be adequately protected.

Risk Examples for Electricians

As an electrician, you're faced with a variety of hazards at work. However with day-to-day jobs at hand and the daily running of a small business, it's hard to find time to sit down and consider some of your most vital insurance needs, counteracting the potential costs of these hazards.

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Public Liability

As a business owner, you are accountable to third parties that come into contact with your business (customers, employees, suppliers etc.). If damage or an accident occurs while you’re providing a service, a third party can sue your business – which can result in costly legal fees, as well as the obligation to pay for the damage or injury you may have caused.

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Product Liability

Product Liability insurance may protect your business from damages that can occur from injury or property damage to third parties as a result of the work completed by your business.

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Motor Vehicle

As an electrician you’ve probably got a ute, van or trailer that is fitted out with tool boxes or shelving, with custom sign-writing specific for your own business. Imagine the potential setback and operational impact to your business if your vehicle was to be stolen or damaged.

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Complex risks for Electricians

We recognise that running a small business can be complex. That is why we've partnered with a network of insurance advisers who can help assess your risks and suggest what cover will best suit your unique needs.

Find an adviser

Enter your suburb or postcode to locate an adviser near you today.

Business Interruption

Business Interruption insurance may protect your business from unforeseen insured events that get in the way of your business operating normally. It may provide a safety net to compensate your business for loss or income until it’s able to operating to the capacity prior to the insured event occurring.

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We help Electricians see it through

  • Who we are

    CGU is a leading commercial, rural and personal lines insurer and a top-three provider of workers compensation insurance. CGU insure more than 125,000 businesses and over one million motor vehicles.

  • Our history

    At CGU, we are proud of our 160-year history of supporting customers in their time of need – it’s how we’ve earned the level of trust we continue to enjoy in all parts of Australia today.

  • Claims

    CGU manages around 350,000 claims every year – nearly 1,000 claims every day – and we pay on average 98 per cent of all claims we receive. That works out at around $1.6 billion in support to our customers every year when they need us.

Making an insurance claim

At CGU we pride ourselves on our superior claims process and customer service. You can lodge a claim anytime – 24 hours, 7 days a week by calling 13 24 80. Follow the below tips to ensure your claims process is as seamless as possible.

  • What to provide when calling to make a claim

    When you call us to lodge a claim, you’ll be asked to provide: Your policy number or personal contact details, and the contact details of anyone involved in an incident, including their name, current address, vehicle registration details, phone number and insurance details if known. Any letters, notices or court documents about the incident, and the incident report number for any claims in relation to theft or attempted theft, vandalism or a malicious act (the police will provide you with this number when you report the incident to them).
  • How to help the claims process

    Taking photos of damage to your property and keeping damaged property and items, so we can inspect and assess the damage if required
  • How emergency repairs work

    If you need to make emergency repairs, please call us on 13 24 80 and we will arrange assistance through our repairer and supplier network

Make a claim over the phone

13 24 80

24 hours a day, 7 days a week

Or contact your broker

Meet one of our tradies

Mike was on the job at a customer’s house when a visitor tripped over and injured themselves on tools Mike had left in the driveway. The visitor sued Mike and he was ultimately held liable for the person’s injuries.

Luckily, the Broadform Liability section of Mike’s Business Insurance Policy meant he was covered for his legal liability to pay compensation for Personal Injury. It included the amount awarded to the third party and coverage for CGU’s costs to defend Mike against the claim.

These costs add up and without Liability Cover, the impact of Mike’s legal costs and court awards could have put him out of business.

Get a quote for trades insurance today

Our trades insurance is designed to cover the unique needs of tradies. Choose the level of cover that works for your business in just a few easy steps. CGU Trades Insurance covers you for:

  • Liability Insurance for onsite business protection
  • Tool cover with flexibility to add on site overnight storage
  • Portable Electronic Equipment cover for devices such as mobiles, tablets and laptops if they are stolen, damaged or lost.
  • Commercial motor vehicle insurance to cover your work vehicle or trailer
Get a quote now

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