Insurance for Electrical Contractors Louisiana

Insurance for Electricians in Louisiana Is One Call or Click Away!

Insurance for Electrical Contractors LouisianaIf you own an electrical contracting company in Louisiana or you are a sole proprietor you can find excellent options for business insurance for electrical contractors in Louisiana by calling Jeff Davis Insurance at 337-824-4455.

If you reach us after hours you can additionally request online quotes when you click the link below:

http://www.contractorsinsurancelouisiana.com/get-a-quote/

As a leading independent insurance agency we can help you find contractors insurance in Louisiana for any type of business involved in the commercial and residential construction trades. 

Insurance for Electrical Contractors Louisiana – What is Necessary?

What is necessary and what is needed are sometimes two different things.

The first step you should consider is to purchase an appropriate amount of general liability insurance.

Let’s review a claim scenario to see why this is important.

Eli of Ace Electric is given the opportunity to bid on residential electrical work for 10 new homes under construction by a local homebuilder, Best Homes Inc. in the Maple Grove subdivision.

Best Homes Inc. requires $1 million of general liability insurance protection naming Best Homes Inc.as an additional insured.

Eli submits the winning proposal but decides to purchase $2 million of Louisiana electrical contractors insurance instead based on the recommendation of his agent.

Eli and one part-time apprentice named Vincent begins installation of all wiring and circuit breaker on the new homes under construction.

At 109 Maple Street Vincent makes a wiring mistake that goes unnoticed by Eli and even by the building inspector.

Insurance for Electricians in LouisianaSix months later a fire breaks out At 109 Maple Street resulting in the complete destruction of a $950,000 home.  Later Vincent’s wiring mistake is uncovered and a lawsuit is filed against Eli and Ace Electric for $1,250,000.

It’s a good thing Eli purchased the additional amount of general liability insurance.  His insurance carrier not only defends the lawsuit but negotiates a settlement with the plaintiff for $1,125,000

Choose Your Coverage Wisely When Shopping for Insurance for Electrical Contractors in Louisiana.

As the above claim scenario indicates it’s important to think about your financial circumstances and choose an amount adequate to protect your financial interests.

If Eli would not have purchased $2 million worth of general liability insurance it would have been necessary for Eli to pay out of pocket $125,000!

What lessons can we learn from this?

Sometimes the minimum amount of coverage necessary to secure a contract may not sufficient for your needs.

Call Us Today When You Need Insurance for Electricians in Louisiana. 

Call us at 337-824-4455 and one of our commercial insurance specialist will discuss your needs with you in person.  We will take time to develop an appropriate Louisiana contractors insurance program to meet your individual needs.

You can request online quotes when you click the link below:

http://www.contractorsinsurancelouisiana.com/get-a-quote/

We offer Business Insurance programs in the following areas of Louisiana:

  • Insurance For Electricians New Orleans
  • Baton Rouge Electricians Contractors Insurance
  • Electricians Insurance Lake Charles
  • Shreveport Electricians Insurance
  • Electricians Insurance Lafayette Louisiana
  • Metairie Terrace Electricians Insurance
  • Electricians contractors insurance Monroe Louisiana
  • Jennings Electricians Contractors Insurance
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