You wake up at 6 am on a Thursday morning, ready to take on a full day of supervising several residential sites. Your crew meets for coffee a half hour later to go over the schedule and project specs. One of your new employees doesn’t show up, and is not answering his phone. You are going to have to fill in and won’t be able to meet with that referral you just got from one of your favorite clients. As your crew heads out to their job site, you jump in your car, slam the door, and frustrated, call your new employee again and again, only to get the same voicemail. Hours go by… and no phone call. As you are finishing up some wiring at your first site, your phone rings and you quickly reach for it ready to blow up and fire the tardy employee. Instead, it’s the hospital administrator calling you as the ’emergency contact’ to let you know your employee was brought in the night before after getting seriously injured from a shock. Suddenly, you smell smoke. You forgot to turn off the main circuit breaker. You left live wires too close and a spark has set the house on fire. You’re all alone and rush out the back door to call 911. The fire department gets to the house in time to save only a small part of the new construction. You left over $50,000 of equipment and supplies in the house, and when you call your insurance agent, he informs you that you only asked for $10,000 of property coverage, which is only covered if damaged or stolen on your own property. Did you remember to ask your agent about the performance bond that the owner asked you to buy? Your $50,000 loss in equipment and supplies is going to put you out of business, and the homeowner is now suing you for failure to complete the project. You probably cannot imagine a worse day in business, but these events happen to electrical contractors every day, and most contractors do not carry the correct amount of insurance to protect themselves from disaster scenarios like this. If you are not 100% sure that your insurance advisor has covered all the angles for your business, you may need a second opinion from an electrical contractor insurance specialist. Our agency has a specialist on staff who will consult with you to help understand your potential risk and how to best insure against catastrophe.