Bureau of Labor Statistics It is estimated that there are about 650,500 electricians working in the United States in May 2021. The bureau also expects a number Job opportunities for electricians to be around 85,000 each year As the market grows, people change careers or retire.
Not all electricians are licensed to work alone and without supervision. That’s why there are different types of electrician licenses that indicate the type and level of services an electrician is allowed to perform.
Most states require electricians to hold a license to be able to work, but not all. For example, there are no state requirements in Illinois, Indiana, or Kansas, but local requirements may still apply, so you should make sure you comply. You should also note that each state has its own requirements for different types of licenses, and you should consider these before applying for your licenses.
Aside from required licenses, you should also consider recommended insurance policies that protect your business, whether you are a business owner, contractor, or self-employed electrician. If you’re not sure what policies you need, you may want to work with a broker who can help choose the right coverage for your business.
Let’s look at the types of electrician licenses and the general licensing requirements for each before discussing the insurance policies electricians need.
Trainee Electrician License Requirements
If you wish to become a licensed electrician, you must meet some conditions before applying for a license. An electrician’s career journey usually begins with an apprenticeship, training program, or with a college degree that qualifies them to become an electrical engineering technician or assistant.
Some future electricians pursue a college degree in electrical technology as their introduction to the field. It takes two years to complete and allows students to seek employment after graduation. However, many decide to continue their education and obtain a degree in engineering.
However, you do not need a formal education to become an electrician. You can break into the field through vocational training programmes.
An apprentice or apprentice, depending on the official terminology in your state, can begin his or her training after graduating from high school. If your high school program provides apprenticeship training and classroom instruction to become an electrician, getting an apprentice license should help you find an apprenticeship program.
You can apply for one of these programs even without vocational training, but you will need to spend more time in the classroom along with your on-the-job training. Note that you can apply for your learning license before you have found a suitable apprenticeship program or after you have been accepted for it.
Employers sometimes sponsor apprenticeships because they are a good way to find help for businessmen and electricians and to spot talent early. Some organizations, such as the National Electrical Contractors Association (NECA), also support apprenticeships.
Apprenticeships usually last four years, and apprentices work under the supervision of an experienced electrician. One year brings about 2,000 hours of on-the-job training and 144 hours of classroom instruction.
Electrician’s license requirements
Each state has requirements that electricians must meet to apply for a driver’s license, and in some states, test requirements vary by location. To qualify for a trip-level electrician’s license, you must have at least four years (or 8000 hours) of verifiable experience working under the supervision of a licensed electrician and classroom-associated education.
You must also pass an exam administered by your state’s licensing board or a nationally recognized organization such as the National Electrical Contractors Association (NECA), depending on your state or local requirements. Contact your local government agency for all the details, including eligibility, fees, and test requirements.
It should also be noted that you will need to renew your license, usually every year, or every two years, depending on state laws, and complete a certain number of continuing education hours.
Master’s degree electrician license requirements
A master electrician license is the highest level of electrician license available. A lead electrician can supervise other electricians in addition to doing residential and commercial electrical work.
To qualify for a master electrician’s license, you must have at least eight years of experience working under the supervision of another master electrician. Also, in most states, you must have had an electrician’s license for at least two years before applying for a master electrician license.
After you complete these prerequisites, you can apply for a major electrician license exam. Note that your experience must be documented with specific verification forms. Just like your ride level license, you need to renew a master electrician’s license when state or local laws require it.
Contractor Accreditation Requirements
You should first note that certification does not replace a license, and you must be licensed to be able to work as an electrician. To obtain contractor certification, you must first have a driver’s or main electrician’s license to be exact, and you will have to pass an exam administered by your state or local licensing board.
In addition to the examination, most states also require that you have a certain amount of work experience as a licensed electrician before you can apply for a contractor license. Typically, you will need at least four years of verified work experience to be eligible for a contractor certification.
In some states, you need to hire at least one major electrician to get certified to start your own electrical contracting business. Since a contractor’s certificate is similar to a business license, you will also need proof of insurance to start your business. Some states require that you file insurance certificates within 30 days of obtaining your contractor’s license, and they also require certain document limits.
What insurance policies should electrical contracting companies have?
Working in this field, often on construction sites, carries the risk of injury or property damage to others, and it is no secret that electrical contracting companies are at the higher end of the risk scale for liability claims and lawsuits. Having the right insurance policies in place can be critical to protecting your company from the potentially devastating financial consequences of such claims.
Let’s look at the policies that experts recommend every electrical contractor should have.
General Liability Insurance
General Liability Insurance It is an essential insurance policy for any electrical contracting business. This policy can protect against a wide range of claims, including third party bodily injury or property damage. It also covers personal injury claims, such as slander and slander. To an extent, it also covers product liability claims, but you should consult a broker to make sure you get the right amount of coverage for your product liability exposures.
For example, if you or one of your employees damages the equipment of other contractors working on the same project as you, they can sue your company for damages. Your general liability policy can help cover the cost of your legal defense and any settlements or judgments against you.
Electronic insurance for the contractor
No one is immune from professional errors, and a professional mistake made by an electrician can be particularly harmful. If you inadvertently overload a circuit board or cause a malfunction that damages the hardware, the customer can sue you for compensation for the damage. Such a claim could end in a settlement that will compensate the customer for the replacement of damaged fixtures and electronic goods.
If you fail to complete what you promised by the date stipulated in the contract you signed with your customer, they can sue you for not honoring the deal. E&O or professional liability insuranceIt can protect you from breach of contract, misrepresentation, and allegations of negligence, among other things.
Workers Compensation Insurance
Another basic insurance policy for electrical contracting companies is Workers Compensation Insurance. Suppose one of your employees is injured on the job. A worker’s comp policy can help cover their medical expenses and lost wages during the time they are unable to work.
Most states require that businesses that employ one or more workers carry workers’ compensation insurance, Except for Texas. However, some companies Exempt from workers compensation coveragebut this varies from country to country.
Even if state law does not mandate workers for companies like yours in your state, it’s still a good idea to have this coverage in place to protect your business from the financial impact of workplace injuries.
Business Owners Policy (BOP)
a Business Owners Policy (BOP) It is a good solution for small businesses looking to bundle general liability, property and business interruption insurance into one solution. Purchasing a bundle policy will allow you to pay less for these coverages if your business qualifies for a BOP. If you need more coverage, you should consider purchasing separate policies for these exposures.
Property insurance reimburses you for damage to your property, such as the office you use to conduct your operations or the warehouse where you store your equipment. Business interruption insurance covers lost income and other expenses if the business must be temporarily closed due to a covered risk.
When choosing a BOP for your business, it’s important to work with an experienced insurance agent to make sure you get the coverage you need. Not all BOPs are created equal, and the right policy for your business will depend on your specific needs.
Commercial Car Insurance
If your electrical contracting business uses vehicles to transport tools, equipment or materials, you need to make sure you have them Commercial car insurance in the place. Commercial auto insurance can help protect your business from the financial consequences of accidents, vehicle damage, and injuries that may occur while your employees are driving to work.
It also covers losses caused by theft, vandalism or extreme weather conditions. The policy also pays damages to other people’s vehicles if you or your employee are responsible for the collision.
Commercial auto insurance protects you and your assets as the business owner, but it also protects your employees and any other drivers you hire for business reasons. Commercial vehicles face a greater range of risks than personal risks every day, which is why it is essential that you obtain comprehensive coverage for your company’s vehicles.
If you need more information about the policies you need to purchase for your contracting company, you can reach out to one of our experienced brokers. If you are ready to get quotes online, you can get started Register on the digital platform Embroker.