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What Keeps You Up at Night? Electrician Edition
Being an electrician can be stressful. From managing employees, an intense work schedule, or even the dangers of a cyberattack, there are plenty of things that could keep you up at night. Here are some common things that keep electricians up at night and ways insurance can give you a good night's sleep.
1.) An error in the field
Mistakes happen. Even if it was unpreventable, your company may be at risk to cover the damages. This is where having CONTRACTORS ERRORS AND OMISSIONS coverage may protect your business and give you peace of mind. Contractors E&O protects you in cases of faulty work or defective products.
2.) Being a victim of a cyber-attack
Whether you are on the job site, at home, or even going to sleep, your business could be under attack. Cybercriminals can attack 93% of company networks. This is scary because it is almost common practice to use the internet in some way while running a small contractor business. Whether it's holding client information or taking payments, you could be at risk of a cyber-attack. One way to protect your business is by having CYBER INSURANCE. This may protect your business from losses due to data breaches, cyber extortion, and other forms of cyber-attacks.
3.) An injury on the job site
In a similar fashion to an error in the field, some injuries can be freak accidents that are hard to prevent. This can be scary for you, your business, and especially the employee and their family. Having WORKERS COMPENSATION coverage may protect your business and also help the injured employee rehab, restore, and rebuild their lives. It is also required in most states.
4.) Damaged or stolen working materials at a job site
You work with several materials such as conduits, wires, and circuit breakers. Some of these can be quite valuable, and if they were damaged or stolen, it could be a significant financial burden for the business. Installation floater insurance may protect working materials while they are in the process of being installed, stored, or transported to a job site.
These are just a few of the many things that can keep you up at night. The best thing you can do is contact a local independent insurance agent to find out how they can help you get a good night’s sleep.