JD
Reviewed by John Doe, CPCU
Licensed Insurance Professional • 15+ years experience
VERIFIED
As an electrician, your work is often hidden behind walls, but the risks are highly visible. A single bad wire can cause a total loss house fire years after you leave the site.
Licensing Bonds vs Insurance
Many states require a "Contractor License Bond" in addition to General Liability. A bond is a guarantee to the state that you will follow codes, while insurance is a guarantee to the client that you will pay for damage.
Advertisement
Sponsored Content
Frequently Asked Questions
About This Guide
This guide was researched and written by the General Liability Guide editorial team to help business owners navigate the complexities of commercial insurance. We use data from industry leaders and regulatory filings to provide the most accurate estimates possible.