Business Insurance for Electricians Cost
Pick a coverage to see the published electrician figure, type a quote to compare, and tick coverages to add up a yearly budget.
How to use the electrician insurance cost tool
- Under “Coverage”, pick the row of the published table that matches the coverage you want to check, such as general liability, workers’ compensation or commercial auto. Each row shows a published figure per month and per year.
- Read the limits and deductible shown for that row, when the source states them.
- Type a quote into “Your quote (optional)”. Set “Quote is per” to month or year so the unit matches your quote.
- Read “Your quote against it”, which shows how far the quote is above or below the published figure.
- Leave the quote blank if you only want the published figures.
- To add more detail, open “More options” and enter “Annual revenue (optional)”, “Employees (optional)”, and tick which coverages to add to the budget.
- When you have entered revenue or employees, read the “Share of revenue” and “Per employee” outputs. Both use the ticked budget total, not your quote.
- Treat every result as an estimate. To get an actual price, request a quote from a licensed insurer or agent.
The optional “More options” section is the only place to add revenue, employees and extra coverages. Everything you enter stays in your browser, and nothing is uploaded.
What does a published median mean for electrician insurance cost?
A published median is the middle value in a set of prices, so half of the policies in the group cost more and half cost less. Insureon’s figures come from electricians who bought policies through it. Most of them have fewer than five employees, annual revenue of about $50,000 to over $200,000, and five years or less in business. The figures therefore describe that group, not every electrician, and they are not a price for any specific business.
Which factors does the source say affect electrician insurance cost?
Insureon lists type of work, size, subcontractors, revenue and payroll, equipment value, experience, location, limits and deductibles, and claims history as factors. It gives one example: solar panel installation costs more than rewiring a light fixture. The published table does not show how much each factor changes a figure. For that reason, this tool does not adjust the medians for any of these factors. The list is for reading only.
Why can’t the published coverage figures be added together?
Each row in the table is a separate median for one coverage. Adding several rows together gives a total of separate figures, and that total is not the price of a bundle of those coverages. The tool shows a note saying one insurer pricing a bundle can differ from the sum. If you want the cost of several coverages in one policy, ask a licensed insurer or agent for a quote on that combination.
How does the tool work out how far a quote is above or below?
The tool compares your quote with the published figure for the same coverage. It converts a monthly quote to a yearly amount by multiplying by 12, then compares the yearly amounts and states the gap as a percentage, above or below the published figure. It also shows the quote as a monthly amount by dividing by 12. When revenue is entered, the share of revenue is the ticked budget total per year divided by annual revenue. When employees are entered, the amount per employee is that same yearly total divided by the number of employees.
Why do the published figures differ between sources?
Insureon’s electrician page has changed over time. Search-result text for two earlier versions of the page gave general liability as $57 and $61 a month. The figures used on this tool come from the page opened on 15 October 2026, which shows $61 per month for general liability. The source also calls its medians averages. When you compare figures, check the date of the source, because a figure from an earlier version may not match the current one.
Sources (checked 15 October 2026): insureon.com
Worked examples
| Input | Result |
|---|---|
| General liability | 2 coverage(s) added up from the published medians: $201 a month, $2,411 a year |
| General liability, quote $80 per month | Your quote of $80 a month ($960 a year) is 31.1% above the published median of $61 a month. |
| Workers' compensation, revenue $120,000 | 2 coverage(s) added up from the published medians: $201 a month, $2,411 a year |
| General liability, revenue $150,000 | 2 coverage(s) added up from the published medians: $201 a month, $2,411 a year |
Calculated by the tool above; open it with the same values to see each step.
Frequently asked questions
How much does business insurance for electricians cost?
The published medians from Insureon, updated 28 July 2026, run from $10 per month for surety bonds to $275 per month for commercial auto. The page also gives yearly figures for each coverage. Type a quote into the tool to see how it compares with the figure for the same coverage.
Does location change electrician insurance cost?
Insureon lists location as one factor that can affect cost. The published table does not give separate figures by location, so this tool cannot show a location-based result.
What does the general liability figure of $61 per month cover?
The published general liability figure is $61 per month, or $732 per year. The source states limits of $1M per occurrence and $2M aggregate, with a $500 deductible. The tool shows these limits only when the source states them.
Does this tool give me an insurance quote?
No. The tool shows published medians and compares a quote you type in. It gives no quote, makes no referrals and does not ask for contact details. To get a quote, contact a licensed insurer or agent.
Is my information uploaded when I use the tool?
No. All calculations run in your browser, and nothing you enter is uploaded.
Why is my result different from the published figure?
Published figures are medians for a specific group of businesses. Your type of work, size, revenue, experience and claims history may differ from that group, so your result can be above or below the median. The result is an estimate only.
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