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Electricians' insurance is specialised business insurance for electrician firms, sole traders and contractors.
You can buy different types of insurance:
Employers liability insurance - covers costs if employees are harmed
Public liability insurance - covers costs if members of the public are harmed
Tool insurance - covers costs if tools are lost, damaged or stolen
🚩 Employers liability insurance is a legal requirement if you have staff
🚩Clients may insist you have public liability insurance
Whether you own a electrician firm or are a self-employed electrician, insurance can financially protect you if something goes wrong at work.
Without insurance you could end up paying some very high costs if your equipment is damaged, your employee is hurt, or your work creates a major issue.
If you are a UK business and you have any non-family members working for you then by law you must have employers' liability insurance.
Without it, you can be fined up to £2,500 for every day you're not insured[3].
Employers liability insurance covers the compensation costs if a worker becomes ill or injured because of their work for you. This includes ex-employees.
For example, if a worker was electrocuted and this created health issues years later they could sue their old employer for failing to put adequate health and safety measures in place.
Many people are wary about hiring tradespeople who do not have comprehensive insurance policies in place, and many organisations have policies prohibiting them from hiring uninsured companies.
Government contracts, for example, will usually insist you have an electricians' public liability insurance policy of at least £5-£10 million.
If anyone becomes ill or injured because of your work you could be responsible for the associated costs, including expensive compensation claims. Working with electrics is risky work, and things can unexpectedly go very wrong
Public liability insurance covers harm to members of the public. It is not a legal requirement, but some clients will insist you have it, especially if you do commercial electrician work.
With frayed, loose, or exposed electrical cables, there are 101 ways an electrician job could go wrong and end up causing expensive property damage that owners may expect you to pay for.
With public liability insurance your insurance provider will pay the costs of accidental damage to other people's property, whether that's a client, supplier or member of the public.
Business contents insurance can help you recover the cost of losing company equipment to fire, flood, theft and other disasters. Tool cover can offer similar protection for tools.
The risk of some types of equipment losses is growing. London saw tool theft from vans increase by 60% between 2020 and 2023.
You can be taken to court if a client or a member or the public believe they have been physically or financially harmed because of your company's business activities, including if their property is damaged.
Electrician businesses could be found liable for everything from incorrectly fitting cables and fixtures to a contractor slipping on-site and banging their head.
Public liability insurance can cover the legal fees and compensation payouts in the event of a claim.
That's how much was paid out in 2024. Without business insurance, those customers would have faced paying that bill themselves.
Comparing quotes from different insurers allows you to find the best deal out there.
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Public liability insurance protects you if your work harms members of the public.
Employers’ liability insurance protects you if your staff become ill or injured at work.
Professional indemnity insurance protects you if you are accused of negligence.
Tool insurance covers costs if your tools are stolen, damaged, or lost.
Business interruption insurance protects against disruption from events like fires.
Product liability covers legal fees if your product causes injury to a customer.
Per year | Cheapest | Average |
|---|---|---|
Electrician | £63.97 [7] | £88.30 [8] |
The table shows the average prices paid by our customers for electricians' insurance.
Average price means 51% of customers paid this amount or less. Cheapest price means 10% of customers paid this price or less.
According to our latest data, 10% of customers paid this when taking out an annual electricians' insurance policy.
The cost of fixing insurable problems yourself is usually significantly more expensive than taking out insurance.
Almost 9 in 10 of business insurance claims made by MoneySuperMarket customers were accepted last year.
All insurance has conditions and exceptions, so you should read your policy documents carefully to make sure you know what is and isn't covered.
When it comes to business insurance, the cheapest option may not be the best option for you. Sometimes it is worth paying a little more to get a better level of cover.
Financial loss: Compensation payouts to third parties that had their person or property harmed by your work activities
Business van insurance: Standard motor insurance policies won't usually cover vehicles that are used for work
Legal expenses insurance: For things like employment disputes, property disputes, and tax investigations
Accidental death: Offers a lump sum should you or an employee die as a result of an unforeseen incident
Tools and equipment: Cover to repair and replace business equipment that is damaged or stolen
Business contents: Covers items such as office furniture or computers and phone systems for if they’re damaged or stolen
Professional indemnity: Covers you if your business is responsible for any professional negligence
Personal accident insurance: Offers a lump sum payment if you or an employee are hurt and no longer able to work
Intentional harm or damage: Either by yourself or an employee
Poor workmanship: Most insurance policies won't cover you for events that are caused by incompetence, although professional indemnity will cover you for some types of negligence
Drugs or alcohol: If you or your employees were under the influence when the event you want to claim for occurred
Damage to property being worked on: Some policies won't cover damage to a person's property caused while you are working on it
Wear and tear: Insurance won't pay out for damage or breaking of tools or equipment that are the result of general wear and tear
Breach of contract: Some types of insurance will exclude cover for costs arising from you breaching a contract
Improper use of business vehicles: If you're using vehicles for work purposes without declaring that to your insurer, or if the person driving is not covered by the policy
The amount of public liability insurance you need as an electrician depends on several factors, including the type of work you do, the size of your business, and the potential risks involved.
Generally, it is recommended that electricians have at least £1 million of public liability insurance, but some jobs or clients may require higher levels of coverage.
The only insurance you are legally required to have as an electrician is employers liability insurance, if you hire other employees. However, public liability insurance is strongly recommended as it covers you if a member of the public suffers injury or property damage as a result of your work.
You don’t legally need electricians insurance if you are a subcontractor and you may already be covered under the primary contractor’s policy. However, don’t assume you are covered and ask to look at the policy in place first. It may be the case that you choose to buy your own insurance policy which provides more cover.
The best electricians insurance policy for your business will depend on the type of jobs you carry out, where you’re based, and things like if you employ others.
There are lots of policies to choose from so it’s important to compare policies and prices, which you can do quickly and easily with a comparison website such as MoneySuperMarket.
No matter how much experience you have as an electrician, accidents can happen. In 2023-2024, 1.7 million working people had a work-related illness, and if you’re self employed and can’t work, you’ll also lose out on your regular income.
This is where insurance can be a financial lifeline as it can cover your income if you’re unable to work along with a host of other things, from your tools and equipment to claims made by clients or members of the public.”
Rebecca Goodman Personal Finance & Insurance Expert
MoneySuperMarket has won the Feefo Platinum Trusted Service Award, an independent seal of excellence, which recognises businesses that consistently deliver a world-class customer experience.
If you are a self-employed electrician, you will also need to think about insurance to cover you if you’re unable to work. This can include business insurance to cover your income but also policies like critical illness cover.
Professional indemnity insurance isn’t a legal requirement for an electrician but it is recommended. That’s because without it, you could be liable to pay out compensation and legal fees if a customer takes you to court because they claim advice you gave has left them out of pocket.
You may be required to have this type of insurance to join certain trade bodies too.
Professional indemnity insurance isn’t a requirement of being an electrician but you will need it if you are a member of some trade bodies, You will need to have at least £250,000 of professional indemnity insurance if you’re registered with the trade body, the National Inspection Council for Electrical Installation Contracting (NICEIC), for example.
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Our goal is to search deals from as wide a range of companies as possible so that you can choose the deal that suits you.
No, at this time business insurance is not an eligible product for unlocking our SuperSaveClub rewards. It is also not included in our Price Promise.
According to Simply Business data, 10% of customers paid this amount or less per month for an electricians' insurance policy. Figure based on policies purchased in 2024.
Simply Business is one of the UK's leading providers of business insurance, serving 1 million customers across 1,500 trades.
Source: Gov.uk
Simply Business data 2024
YouGov Survey 1st October 2023 to 30th September 2024. Net recommended score derived from “Which of the following online service website would you recommend to a friend or colleague, or tell them to avoid?” Base: Current Customers of (MoneySuperMarket n=19272, CompareTheMarket n=17631, Go.Compare n=10457, Confused.com n= 8421, Uswitch n=681)
From 01.06.23 to 31.05.24 MoneySuperMarket customers received £1.59bn estimated savings based on (i) SuperSaveClub reward redemptions, and (ii) savings claims per product multiplied by the number of sales. Products included - Car, Home, Pet and Travel insurance, Broadband, Credit Cards, Loans and Mortgages.
According to Simply Business data, 10% of customers paid this amount or less for an annual electricians' insurance policy. Figure based on policies purchased in 2024.
According to Simply Business data, 51% of customers paid this amount or less for an annual electricians' insurance policy. Figure based on policies purchased in 2024.
Average claims value for MoneySuperMarket customers who claimed on their business insurance in the last 12 months. Data provided by SimplyBusiness.
88% of business insurance claims made by MoneySuperMarket customers were accepted in the 12 months before March 2025. Data from SimplyBusiness.
