Electricians and electrical contractors face unique workplace hazards that can lead to costly injuries and lost productivity. Without the right Workers Compensation Insurance in place, your clients could be exposed to significant financial risks. Novatae Risk Group offers a dedicated Workers Compensation Insurance program designed specifically for electrical contractors, helping you protect your clients while expanding your book of business.
Through a strategic partnership with an “A”-rated carrier, this program is built to serve the needs of independent agents and brokers looking for reliable solutions for their electrician clients. With a streamlined submission process and competitive minimum premium, Novatae makes it easier to quote and bind coverage quickly.
Ideal Accounts and Appetite
This program is tailored for a wide range of electrical contracting businesses, including residential, commercial, and industrial electricians. It’s ideal for accounts that require dependable workers compensation coverage due to job site risks such as electrical burns, falls, or equipment-related injuries.
You might have a client who performs wiring installations for new commercial construction or a contractor who services residential homes — both are a great fit for this program. Accounts with a focus on safety and a solid claims history are especially attractive.
Coverage Highlights and Advantages
- Workers Compensation Insurance customized for electrical contractors
- Coverage available in over 20 states
- Fast turnaround on quotes with completed submissions
- 10% commission for appointed agents
This program offers agents a reliable market with responsive underwriting and strong carrier backing. Whether you're placing new business or looking for a better fit for an existing account, Novatae provides the tools and expertise to help you succeed.
Underwriting Notes and Minimum Premiums
- Minimum premium of $7,500
- Submission requirements include:
- Acord 130 application
- 3 years of loss runs
- Supplemental questionnaire
- Details on any large losses
Territories and Availability
Coverage is available in the following states: AL, AK, AZ, AR, CA, CO, CT, FL, GA, IL, KY, LA, MS, MO, NV, NJ, NM, NY, NC, PA, SC, TN, TX, UT, VA, and WV. The program accesses both admitted and non-admitted markets, allowing flexibility based on your client’s needs and location.
Why Work With Novatae Risk Group
As a Managing General Underwriter and Excess & Surplus Lines Broker, Novatae Risk Group brings deep industry knowledge and market access to help independent agents and brokers succeed in writing niche classes like electrical contractors. With a focus on efficient service and competitive products, Novatae is your reliable partner for workers compensation solutions.
Need a Workers Compensation quote for your electrical contractor client?
Email your submission to [email protected] or call 800-758-8113 to speak with an underwriter today.
Frequently Asked Questions
What types of electrical contractors are eligible for this program?
This program is designed for residential, commercial, and industrial electrical contractors with a focus on safety and stable claims history.
What documents are required to submit a new account?
You’ll need a completed Acord 130 application, 3 years of loss runs, a supplemental questionnaire, and details on any large losses.
What is the minimum premium for this workers compensation program?
The minimum premium starts at $7,500, making it suitable for small to mid-sized electrical contracting businesses.
In which states is this program available?
Coverage is available in over 25 states including CA, TX, FL, NY, GA, IL, and more.
How quickly can I receive a quote?
Quotes are typically turned around quickly once a complete submission is received.
Need help placing an account? Connect with a market specialist.