The cost of electrical contractor insurance cover depends on the nature of your contracting business – its size, claims history, the type of work you undertake and the level of risk that comes with it. That means there is no single average cost of electrical contractor insurance. We've worked with insurers to develop a comprehensive, flexible, and affordable electrical contractors insurance solution. You can get a quote online in minutes, or call us for advice on the level of cover you need and get a quote there and then.
Insurance for electrical contractors registered with the NICEIC
Essential insurance protection for your domestic, commercial, and industrial electrical work, should a customer, member of public or employee make a claim against you. Specially created for NICEIC electricians to meet the exact needs of your registration.
Key features and benefits:
- Corporate manslaughter covered as standard.
- Cover for up to 20 manual workers.
- Efficacy cover up to £1 million.
- Employers liability cover for temporary employees, 100 man-day limit cover up to £10 million.
- Loss of customer keys cover up to £50,000.
- Professional indemnity cover for up to £1 million as standard but unlimited amounts available.
- Public liability insurance cover – £1 million, £2 million, £5 million, or £10 million limits available.
- Standard height limit 20m, and depth restriction 2m.
- Discount for up to five years claims-free.
And, the best bit... Registered NICEIC contractors get 10% off the cost of their insurance!
And, the best bit...
Registered NICEIC contractors get 10% off the cost of their electrical contractors insurance!
What's covered in our electrical contractors insurance?
We’re always transparent about what’s included in our cover. But if you’re not sure what kind of cover you need, our friendly team is always happy to help.
Please note this list is not exhaustive – refer to your full policy documents for details.
What is insured?
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Corporate manslaughter – if someone dies as a result of a failure by your business to provide adequate duty of care, you could face an unlimited fine. We can cover up to £10 million (depending on your trade).
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Efficacy or ‘failure to perform’ cover will protect you should a product or service fail to perform its intended function. We can cover up to £1 million.
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Electrical vehicle charging installation insurance included as standard, at no extra cost.
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Employers liability – a legal requirement if you employ staff, even on a contract basis. This will protect you if an employee becomes ill or is injured as a result of their work.
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Loss of customer keys cover up to £50k.
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Professional indemnity standard cover up to £1 million on scheme but we can also provide unlimited cover. If you are carrying out periodic inspections and issuing EICRs, your NICEIC registration requires you to have cover of a minimum of £250,000. This cover will protect you for any errors or omissions you make.
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Public liability insurance cover – your NICEIC registration requires you to have a minimum of £2 million – this protects you if a claim for injury or damage to your customer’s property is made.
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Standard height limit 20m, and depth restriction 2m.
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Discount for up to five years claims-free.
And, optional extras when required:
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Contract works – cover designed to protect work that is already underway if it is damaged by an insured event like a fire, flood, storm, vandalism or theft.
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Tools – cover for your tools if they are lost, damaged or stolen. Protection starts from £1,500 to £10,000 per claim and includes tools stored in your work vehicle.
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Goods in transit – protection if your materials are lost, stolen or damaged when in transit.
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Hired in plant insurance for electrical contractors – a policy that covers plant machinery in case of damage, loss or theft. Cover is up to £50,000.
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Increased efficacy cover up to £1 million.
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Legal expenses – legal costs in settling or defending a claim, solicitor’s fees and other expenses relating to official enquiries or coroner’s inquest.
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Personal accident and short-term income protection – we're not just talking about injuries at work – a back injury on the golf course, a DIY incident at home, or a nasty illness like pneumonia can all be covered.
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Property – insurance for your business premises.
Get a quote for electricians insurance
And, remember... NICEIC registered contractors get 10% off!
Our feefo reviews from contractors speak for themselves...
Some of the five-star reviews show how we’ve saved contractors, money, others talk about their improved benefits. Some of our clients simply appreciated the fast and simple approach to buying their insurance*.
That's why we've been awarded the Feefo 2023 Gold Trusted Service Award for excellence in customer service throughout 2022.
NICEIC Insurance services is part of Marsh, the world’s leading insurance broker and risk adviser.**
Marsh operates in over 130 counties and has more than 45,000 global experts – so you really are in safe hands. We’re confident we have the experience and expertise to help our business insurance customers obtain the cover they’re after, at the right price.
Frequently asked questions
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We're part of Marsh Commercial, an award-winning insurance and risk management expert. Being part of a global leader with a 150-year heritage means you can be confident we have the experience and expertise to help you arrange the electrical insurance you need – at the right price. Don’t forget, if you become an NICEIC registered contractor, you'll benefit from a 10% discount on the cost of your electrical insurance.
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This depends on the nature of your business – the kind of work you do and where, whether you employ people – and whether you have business premises or vehicles. The insurance cover you typically need includes public liability insurance cover and professional indemnity insurance cover– both of which are included as standard (amongst other cover features) in our electrical contractors liability insurance product.
If you are registered with NICEIC, you are required to have a minimum of £250,000 professional indemnity cover if the scope of work you undertake includes periodic inspection and testing. You are also required to have public liability insurance cover for a minimum of £2 million.
You may also need employers liability which is compulsory for most businesses that employ one or more people. You may then choose to add other cover features like property insurance to protect your shop, office, workshop, or other business premises; van insurance; and tools insurance – as well as covers such as personal accident and income protection.
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Yes, we can still offer you a quotation for your electrical contractor insurance cover but you will miss out on the 10% discount offered to members.
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You can easily add tools cover to your contractors policy, up to £1,500 per person, and further extend that cover to include theft from unattended vehicles – just give us a call; we're happy to help.
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Professional indemnity insurance is a requirement for NICEIC Scheme(s) where the scope of work undertaken includes periodic inspection and testing. So, if you offer clients advice, consultancy, inspections or testing as part of your work, this cover is there to help defend claims made against you alleging errors and mistakes in your professional advice or in your work.
Why choose us?
We understand the daily risks you face. We're committed to protecting you and your business should the unthinkable happen.
Working with us gives you:
- Easy access to a specialist insurance scheme built specifically for contractors by a UK-based specialist provider.
- A range of options to choose from.
- Advice and support to ensure you get the right level of protection.
- A dedicated claims advocacy service.
- Expert customer advisers to answer all your questions.
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