Go Back   Insurance Forums > Insurance > Vehicle insurance > Bond insurance


Reply
 
LinkBack Thread Tools Display Modes
  #1 (permalink)  
Old 04-01-2010, 12:33 AM
Junior Member
 
Join Date: Dec 2008
Posts: 28
Default Are there any insurance or bond requirements for electrical contractors?

Are there any insurance or bond requirements for electrical contractors to be able to sale their own in-house warranty/service plan in the state of Georgia?
Reply With Quote
Sponsored Links
  #2 (permalink)  
Old 04-03-2010, 12:33 AM
Member
 
Join Date: Jan 2009
Posts: 30
Default

no, honestly though I don't know just trying to get points.
Reply With Quote
  #3 (permalink)  
Old 04-08-2010, 12:33 AM
Junior Member
 
Join Date: Jan 2009
Posts: 26
Default

Not sure what exactly you are referring to. If i was looking to hire an electrical contractor, I would make sure he/she had general liability insurance and workman's compensation insurance. That way, if they wire something wrong and burn your house down, their insurance will pay to rebuild your house.

I can't figure out what kind of warranty or service plan an electrical contractor would try to sell. I typically see contractors offering a limited 1 year warranty for work, but nothing more than that. I sure as heck wouldn't buy a service plan from an electrical contractor. What are they servicing??
Sorry, I can't figure it out!
Reply With Quote
  #4 (permalink)  
Old 04-09-2010, 12:33 AM
Member
 
Join Date: Jan 2009
Posts: 31
Default

I am going to try to answer this question for you, although I am not 100% sure what you are asking.

I assume you are going to sell a Warranty/Service plan and want any repairs etc. you make covered under insurance. General Liability, as long as you have it in place, covers for "damage" caused by faulty work, however, it will NOT pay for repairs to "your work" meaning the wiring you did. Insurance companies who write General Liability are very leery of contractors who offer warranties longer than one year in time, so be very careful of this. There is no insurance policy available that will cover repairs to "your work", this is something that would Moe out of your pocket unfortunately.

Beyond General Liability, as an electrical contractor you should carry Worker's Compensation, Equpment/Tool coverage, Auto and an Umbrella policy.

Good luck to you and I hope I helped answer some of your questions.
Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On


Similar Threads
Thread Thread Starter Forum Replies Last Post
Performance bond and insurance coverage? an_articulate_soul Bond insurance 0 05-26-2009 07:41 AM
Do I need a bond or a liability insurance? emrogs Bond insurance 0 05-25-2009 01:41 PM
Are there any insurance or bond requirements for electrical contractors? Jmon Bond insurance 3 01-24-2009 02:37 PM
What is an insurance bond and how do you get one? Mae B Bond insurance 2 12-29-2008 03:28 PM

 
Forum Stats
Members: 20,767
Threads: 8,848
Posts: 56,433
Total Online: 20

Newest Member: ChloeMartin

Latest Threads

Advertisement