Electricity is a mainstay of modern life running everything from air conditioning to fridges to industrial equipment to the latest technological machines. Beyond the necessities required to start any small business, running an electrical contracting business requires a few extra steps including having electrician public liability insurance.
In order to do any electrical work in most municipalities, you must complete an electrical apprenticeship, become a journeyman by meeting state requirements and then qualify for a Master Electrician License. Once you obtained your professional license, you can apply for an electrical contractor’s license to run your own electrical business.
Type of Business
Once you’ve gotten your licensing, it is time to decide what type of electrical work you’d like to do on a regular basis. Electrical contractors typically run one of three types of operations:
- Integrated building systems
- Outside/line contracting
- Inside contracting
Most municipalities also require electricians to carry electrician public liability insurance. The policies typically cover property damage and bodily injury to a third party by the contractor or business. Coverage requirements vary by state, but an insurance agent can guide in the best policy for your business.
Owning your own electrical contracting business can be a rewarding venture. Obtaining the right licensing and a solid electrician public liability insurance policy can keep you running strong for years to come.