If you have questions or want to talk to one of our experts then call us at 1-877-607-9333 or e-mail dan@advancedinsurancebrokers.com
Who needs electrician insurance?
Almost all businesses in the electrical trade have the need for basic electrician insurance. Insurance is no longer a luxury for electrician contractors. This is because most clients will not allow a contractor to start work on their site without a valid proof of insurance. With an insurance policy, the cost of the damages or settlement fees as well as the lawyer fees will be taken care of but this cannot exceed the policy maximum. So with a $250,000 policy and a $500,000 settlement, you would be responsible for the additional $250,000. This is why electrician contractors handling big projects are advised to pay premium for the highest possible coverage. It is always a fraction of what you stand to lose if a lawsuit is pursued against you!
Consider a worst case scenario! Your family or your partner would struggle if the income you generate suddenly was no longer there. You could suffer a disability that could prevent you from working for years. Without the protection of disability workers compensation only covers you for work-related accidents, while unemployment insurance will only last a few weeks. By purchasing disability insurance through Advanced Insurance Brokers Inc. you'll be insured against loss of income for other disabling accidents and illnesses and you'll be protected for longer. We'll customize a plan to provide you with a guaranteed short term or long term income -- up to 80 percent of current earnings -- which could see you right through to retirement age if necessary.Life Insurance OptionsYou might need different types of protection for different life stages. We have all your options and budget considerations covered. At Advanced Insurance Brokers Inc., we'll help you understand and choose from low cost fixed term insurance and lifelong permanent insurance, with guidance on selecting your coverage limits and securing tax advantages. Depending on your situation, we will help you determine which type of protection you need:
Almost all businesses in the electrical trade have the need for basic electrician insurance. Insurance is no longer a luxury for electrician contractors. This is because most clients will not allow a contractor to start work on their site without a valid proof of insurance. With an insurance policy, the cost of the damages or settlement fees as well as the lawyer fees will be taken care of but this cannot exceed the policy maximum. So with a $250,000 policy and a $500,000 settlement, you would be responsible for the additional $250,000. This is why electrician contractors handling big projects are advised to pay premium for the highest possible coverage. It is always a fraction of what you stand to lose if a lawsuit is pursued against you!
- Electric Repairmen
- Electrical Contractors
- HVAC Technicians
- Heating Contractor
- Lighting Technicians
- Lighting Consultants
- Air Conditioning Contractors
- Construction Companies
- Your vehicle – Make sure that all your commercial vehicles are protected on and off the road
- Property damage – Covers you for any damage to your property and work causes
- Employers liability – Protects you from being held liable for your employees
- Personal injury – Covers any costs for medical services required after an injury
- General liability – Make sure that the financial well-being of your business is protected in the case of a costly lawsuit or claim
Consider a worst case scenario! Your family or your partner would struggle if the income you generate suddenly was no longer there. You could suffer a disability that could prevent you from working for years. Without the protection of disability workers compensation only covers you for work-related accidents, while unemployment insurance will only last a few weeks. By purchasing disability insurance through Advanced Insurance Brokers Inc. you'll be insured against loss of income for other disabling accidents and illnesses and you'll be protected for longer. We'll customize a plan to provide you with a guaranteed short term or long term income -- up to 80 percent of current earnings -- which could see you right through to retirement age if necessary.Life Insurance OptionsYou might need different types of protection for different life stages. We have all your options and budget considerations covered. At Advanced Insurance Brokers Inc., we'll help you understand and choose from low cost fixed term insurance and lifelong permanent insurance, with guidance on selecting your coverage limits and securing tax advantages. Depending on your situation, we will help you determine which type of protection you need:
- Term Life Insurance is a cost-effective option that guarantees a payout if the life of a policyholder ends during a predetermined time period. The cost and term are both decided when the policy is purchased. Insurance companies offer lower premiums and excellent benefits for term policies due to the fact that a policy sometimes expires while a policyholder is still living. In that case, no benefit is paid which allows the insurance provider to create a larger pool of money from which to pay benefits to other policy holders.
- Whole Life Insurance, or lifelong permanent insurance, is a policy that remains in force for the entire life of the holder. There is no time limit at which the policy would expire. In other words, this type of coverage guarantees a payout -- known as a "death benefit" -- upon the death of the policyholder, no matter when it occurs. This type of policy may have a higher premium but you will never lose the money you've invested into it, and that guaranteed payout can greatly help to cover any financial responsibilities you may leave behind, rather than leaving your loved ones in a financial crisis.