Insurance for Electricians

Public Liability insurance is required for electricians to become licensed in most states and territories of Australia. Electricians are usually required to have a minimum cover level. For example, Victorian sparkies must have a minimum of $5 million in Public Liability cover.

If you work in Queensland, you’ll also be required to hold the Consumer Protection extension with a minimum level of $55,000 of cover to provide protection to consumers for defects in electrical work, non-completion of electrical work and liability resulting in an electrician testing their own work.

There are many types of insurance that electricians might consider, such as:

• Personal Accident & Illness – Helps replace lost income if you are unable to work due to an injury or serious illness.
• Public Liability – The most common type of cover for electricians, as it is required to become licensed in most states and territories.
• Professional Indemnity – May be required for work contracts or to perform certain types of work.
• Portable Equipment – Helps protect your tools and trade and essential equipment.
• Contents – Can cover your stock and supplies.

Whether you work for yourself or as a contractor for a trades business, BizCover has tailored cover options for electrical contractors.

Generally speaking, Professional Indemnity insurance is not required by law for Australian electricians. However, a policy may be required by project contract, to join professional trade organisations, or to complete specific types of work.

Even if a Professional Indemnity policy is not required for your business, you may still want to consider getting a policy. It can cover you for losses claimed by a third party and defence costs due to alleged or actual negligence in your professional services or advice.

Self-employed electricians may consider different types of insurance to protect themselves and their business. Certain types of cover, such as Public Liability and Professional Indemnity insurance, may be required to meet licensing or contractual obligations. Other types of cover can help protect your business assets, like Portable Equipment or Contents insurance (both cover options available through a Business Insurance Package).

Yes, Portable Equipment cover helps protect your tools and equipment. It is an option available through a Business Insurance Package.