Being self employed means running your own business independently. It doesn’t matter if it is a big business or just a startup, you will need to buy insurance for your business. No one has seen the future and in today’s litigious world, an insurance cover to save your business from any financial liability is a must. If you have just started as a self employed electrician, you must consider buying an electrician insurance before starting to work.
Accidents can happen anytime and anywhere. For example, as an electrician, you are working at someone’s home and by mistake you lee your equipments lying around and someone at home trips and gets injured because of that. The other person can easily file a claim against you are drag you to court for compensation for causing him injury due to your negligence. You can be easily held liable to pay him the claims amount which can run into thousand or even millions of pounds sometimes. If you have an electricians insurance, then in cases like these, you are covered and your insurance company will take care of all the legal expenses, any kind of medical expenses and also the claims amount that need to be paid out to the injured.
So, it is always advisable to buy and insurance to cover you and your business from any financial liabilities so that you do not have to pay the claims money out of your own pocket and go bankrupt.
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