Electrical Contractors

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Electrical & Communications Contractors Insurance

InterRISK has a team of advisers who have extensive experience providing insurance to the Electrical and Communications industry. Our expertise and industry experience allows us to source, negotiate and design insurance programs that present good value but also gives you confidence in your cover.

We have worked closely with industry groups and associations and their members for over 15 years, offering a range of tailored insurance.

InterRISK has developed bespoke insurance products through our in depth knowledge of the Electrical and Communications industry as we understand the key issues and challenges the industry is facing. We liaise with the industry to ensure that any new products or services are relevant and offered at the right price point.

InterRISK has a number of insurance products available to the industry that combine a number of policies making it easier to manage your insurance. Our unique policy package which includes Public and Products Liability, Professional Indemnity and Management Liability revolutionise the way Electrical and Communications contractors purchase cover for these exposures with significantly reduced premium costs.

We understand that every business is different and have developed a number of insurance products including:

Combined Liability

Our flagship product combines Public & Products Liability, Professional Indemnity and Management into one policy package.

Public and Products Liability covers the named insured should they be found legally liable to pay compensation for personal injury or property damage due to a negligent act.

Management Liability cover extends to both individual insured members and/or their companies for losses resulting from alleged wrongful acts. Key areas of inclusion are:

  • Directors' and Officers' Liability
  • Company Reimbursement
  • Company Liability
  • Employment Practices Liability
  • Fidelity (Employee Theft)
  • Pecuniary Penalties
  • WHS Penalties
  • Pollution related liabilities

Professional Indemnity policy provides protection for your professional services. It covers the liability (including compensation and costs) arising from a breach of professional duty. Business activities such as Tagging & Testing and Certifying where you are providing these services for a fee can be deemed professional advice.

Key areas of inclusion are:

  • Libel or Slander
  • Continuous Cover
  • Contractual Liability
  • Dishonesty of Employees
  • Trade Practices Act
  • Lost Documents
  • Intellectual Property
  • Joint Venture Liability
  • Enquiry Costs
  • Insured Sub-Contractors
  • Company Pecuniary Penalties
  • Unlimited Retroactive Date
Business Insurance
InterRISK has packaged together a Policy that includes coverage for all business related assets including buildings, contents, fixtures and fittings, machinery/equipment, glass, burglary and money. It also extends a generous limit for accidental damage. Laptops and electronic equipment used away from the business can also be covered. Again, this Policy has been created with the unique requirements of Members in mind, and at a very competitive cost.
Tools, Stock and Equipment
One of the biggest exposures contractors can face is the theft of tools, stock or equipment from their commercial vehicles or from job sites. Cover is provided for theft from locked vehicles or secured job sites. Higher value items can be specifically covered, with others not having to be specified if their value is $2,500 or less.
Tax Audit
Tax Audit Insurance will cover costs associated with preparing information to meet ATO demands in a Tax Audit situation. Cover also extends to include the costs of preparing information relating to other statutory returns, for example, costs associated with record keeping, returns or compliance issues across a range of areas including superannuation and workers compensation.
Motor Vehicle
We have negotiated a number of additional benefits for contractors that make the InterRISK Motor Policy a market leader.

Agreed Value coverage can be extended to vehicles up to 5 years of age and includes cover for your personal property and replacement of racking and sign-writing. In addition, the cost of a replacement vehicle is covered for up to $1500 after an accident, and 21 days following theft. Choice of repairer is assured and no excess is payable if you are not at fault.
Personal Accident/Illness
An extensive range of coverage options are available for contractors. InterRISK can arrange for a confidential overview of your requirements and make recommendations that will not only give you piece of mind, but also ensure the solutions selected are economical.
Contract Works
Contractors can select from two key options. We can quickly arrange one-off job specific covers at short notice; similarly, annual policies which provide automatic inclusion of all jobs (subject to conditions) can be arranged.
Trade Credit Insurance
Trade Credit insurance provides cover for your business in the event you suffer a loss through insolvency or non-payment of a debt. It replaces the cash flow into your business and protects your profits.
Cyber Liability
Cyber Insurance covers the losses relating to damage to, or loss of information from IT systems and networks. A business of any size is likely to rely on information technology (IT} infrastructure to some degree. This will expose the business to the risk of business interruption, income loss, damage management and repair, and possibly reputational damage if IT equipment or systems fail or are interrupted.
Asbestos Liability

Electrical contractors are finding asbestos in switchboards, meter panels and within Telstra pits. Activities such as drilling, cutting or sanding asbestos materials release the fibres into the air. Standard liability policies have an absolute exclusion for asbestos-related risks. At the very least, this exclusion means you will not be covered for any asbestos-related claims involving contamination, clean-up costs, loss of use of the premises (consequential loss) and injury.

Asbestos liability insurance is relevant for both asbestos removal contractors and tradesmen who are working in environments containing asbestos.

Life Insurance

You’ve worked hard to build a thriving business, but life can be unpredictable. While we have your business risk covered, in a serious event what you value most could also be at risk – you, your family and your livelihood. Life Solutions is a unique and comprehensive insurance that will pay a sum of money to you or your beneficiaries if you were to pass away, suffer a serious illness, lose your job or be unable to work due to illness or injury.

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Contact us on 1800 638 554 or email affinity@interrisk.com.au for more information.

To obtain a free, no obligation quote please fill out our easy to use online form.