Electrical engineer insurance

Public liability insurance

In case your business and products cause an injury or property damage.

What’s typically covered by public liability insurance for electrical engineers?

Claims against your business for:

• any injury or illness caused by you at work, or because of your work
• property damage caused by your business
• injuries or accidental damage caused by one of your employees, if you have any

For example:

• you spill hot coffee on a client’s laptop, scolding their arm and damaging the laptop screen
• you accidentally scratch the flooring in the venue you’re working in
• your employee leaves a trailing wire, causing someone to trip and twist their ankle

**If you do employ anyone, you’re usually required by law to have employers’ liability insurance too.**

Read more about public liability insurance

Employers’ liability insurance

In case anyone gets ill or injured while working for your business

What’s typically covered by employers’ liability insurance?

Claims against your business for:

• injuries to staff (including casual labourers and contractors) that are caused as a result of your business
• illness suffered by an employee (including temps and casual workers) caused by working for you

**Employers’ liability insurance is required by law if you have people working for you. Without it, you could be fined up to £2,500 a day for each employee.**

For example:

• your office manager breaks their finger while trying to close a faulty window at your business premises
• your receptionist trips over a cable running across the floor of your office, breaking their ankle
• a temp worker scratches their arm on one of your tools, and the injury becomes infected

Professional indemnity

In case a client loses money because of your advice, services or designs.

What’s typically covered by electrical engineer professional indemnity insurance?

Claims against your business for:

• errors in the training you deliver for clients, which means they lose money
• bad advice that causes a financial loss, from a simple mistake to negligence
• other mistakes in your work that mean a client loses money, including mishandling sensitive information

For example :

• you don’t send a document to HMRC in time and your client gets a fine
• you use an image without the copyright holder’s permission and your client gets sued
• you accidentally email sensitive data to the wrong person, leading to fines for your client

Tool insurance

In case your tools are lost, stolen or damaged.

What’s typically covered by tool insurance for electrical engineers?

Claims against your business for:

• accidental damage to your electrical engineer tools and equipment
• theft of the tools you use for your business
• loss of your business tools

For example:

• your tools are stolen from your car or van
• you lose some expensive equipment on the way to a job
• a flood causes irreparable damage to your tools

Stock insurance

In case something happens to your products and consumables.

What’s typically covered by stock insurance?

Claims against your business for:

• the cost of replacing the stock you use to run your business
• stock that’s been destroyed, lost, stolen, or damaged
• stock includes food and drink products as well as branded materials and sellable items

For example :

• your stockroom gets vandalised – products you need to operate are stolen and damaged
• a fire caused by faulty electrics spreads to your stockroom and destroys sellable items
• a leaking pipe floods your business premises, destroying stock that you intend to sell

Business legal insurance

In case you’re hit with legal expenses connected to your company.

What’s typically covered by business legal insurance?

Claims against your business for:

• costs and expenses for contractual disputes arising from an agreement
• cases relating to civil action taken against you for compensation under data protection legislation
• employment disputes and compensation, for both employees and volunteers

For example:

• a client says that your work wasn’t delivered on time and that you didn’t meet your contractual obligations, and they’re refusing to pay
• your employee leaves their laptop unattended in a coffee shop, and a third party is able to lift a customer’s data
• you need to dismiss an employee following client complaints, and they threaten to file an unfair dismissal lawsuit

Read more about business legal insurance

Personal accident insurance

In case anyone you’ve covered is accidentally injured, at work or off-duty.

What’s typically covered by personal accident insurance?

Claims against your business for:

• accidental death or injury, suffered by anyone covered on your policy, that happens at work or elsewhere
• income lost by your business, as well as medical costs and hospitalisation benefit

For example:

• while on holiday with your family, you trip and fall on some rocks, spraining your wrist and preventing you from working the following week
• your secretary (who you’ve covered) suffers a leg injury while swimming at the weekend, and needs time off work for physiotherapy
• a junior staff member covered on the policy is in a minor car accident at the weekend, and needs to take some time off to recover

Read more about personal accident insurance

Excess insurance – select options

In case you need to make a claim on your insurance policy.

What’s typically covered by excess insurance?

Claims made by you for:

SELECT 1 OPTION FROM THE BELOW :

Option 1

• the cost of the excess you’d have to pay when making a claim on a cover included in your [TRADE] insurance policy

Option 2

• when you make a claim on a cover included in your [TRADE] insurance policy, you won’t need to pay excess

SELECT THE SAME NUMBERED OPTION AS THE ABOVE TICK BOX. NOTE – THERE IS NO ‘READ MORE’ LINK HERE

Option 1

For example :

• strong winds cause severe damage to the roof of your property – you don’t have to pay the £250 excess thanks to your excess insurance
• a guest accidentally breaks a television during their stay at your property and thanks to your excess insurance, you don’t need to pay excess on the claim
• a guest’s child trips on a loose carpet and breaks their arm – they claim compensation and you don’t pay excess due to your excess insurance

Option 2

For example :

• after a heavy storm you need to make a claim on your building cover – you don’t have to pay the £250 excess thanks to your excess insurance
• a leak in the bathroom causes a guest to slip and injure themselves and thanks to excess cover, there’s no excess to pay on the claim
• a tenant’s suitcase scratches the wooden flooring in your hallway – you won’t have to pay any excess on your accidental damage claim