The cost depends on several factors including the size of the business and its location, as well as its gross sales/receipts and payroll. A solo contractor working out in the middle of nowhere in Kansas might only pay a few hundred dollars per year, whereas a giant company in, say, NYC might pay more than a million annually.
It’s typically expected, however, to be at least in the low thousands. That’s because of the large amount of risk involved in working with electricity itself, and the involvement of other people and property in the process.
We will review your needs and help you evaluate which electrical contractor insurance policy makes the most sense for you. We’ll also compare policies and quotes from multiple insurance companies to make sure you have the best protection out there. Contact us to know more !