How much does workers' comp cost for a solo electrician?
If you are a solo electrician, workers' comp costs depend on two things: your state and the kind of work you do. You can get your real price in minutes by starting your quote here.
Workers' comp helps pay for injuries to people who work for you. If you are the only person in your business, you still might need it to show you have coverage. But it does not cover you, the owner.
For a solo electrician with no employees, the policy UNO sells is a ghost policy. It proves your business has coverage even if you don't have any employees. Ghost policies help you hand over a certificate of insurance to a client or landlord. But remember — a ghost policy does not cover you if you get hurt. You reject coverage for yourself when you buy it.
Why does the price depend on your state?
Each state has its own price for a ghost policy. For example, Illinois costs more than Missouri. Your quote shows what your state charges.
The price also depends on the type of work you do. Your quote puts your work in the right class. Work above 15 feet can't be covered by this program, so if any of your electrical work goes that high, you need regular workers' comp instead. Your quote will use the right code for your work to get the right price.
A ghost policy has one price for each trade in each state. That is why your price is not the same as someone else's: it depends on your trade and where you live.
What is a ghost policy and why would you need it?
A ghost policy is a type of workers' comp insurance that proves your business has coverage. It does not cover you, the owner, but it shows you have insurance if someone asks. You might need it if a client or landlord asks for a certificate of insurance. It helps you meet their requirements.
A ghost policy is especially useful for a solo electrician because you don't have employees. A ghost policy is for the owner only. That means no employees and no subcontractors of any kind, even subs who carry their own insurance or hand you a certificate. If someone asks for proof of coverage, you can give them a certificate. A ghost policy helps you do that.
But remember — a ghost policy does not protect you if you get hurt. It just shows that your business has coverage. You reject coverage for yourself when you buy it, so the policy pays no medical bills or lost wages to you. If you want a policy that pays you when you get hurt, you need regular workers' comp, not a ghost policy.
How to get your real price
Getting your real price is simple. Just start your quote here. You will answer a few questions about your work and your state. The system will use the right code for your job and show you the price. You will see if your state is covered and what the cost is for your business.
When you start your quote, you will enter your state and the type of work you do. The system will use your state's rules to find the right code for your job. Then it will show your price. You will see the price for your ghost policy before you buy.
What a ghost policy costs a solo electrician, all in
A ghost policy has one flat price. Your state and your trade set it. It does not go up when you work more hours, and it does not go down when you work fewer. You pay the whole price by card, in one payment. These prices include the $250 Audit Fee — Powered by Audit1, which shows on its own line at checkout.
In Illinois, a ghost policy for an electrician costs $1,500 ($1,250 plus the $250 fee). In Alabama, Arkansas, Kansas, Mississippi, Missouri, Montana, Nebraska, New Mexico, South Carolina, South Dakota and Virginia, it costs $1,250 ($1,000 plus the $250 fee). In Iowa, it costs $600 ($350 plus the $250 fee). In Indiana, it costs $832 ($582 plus the $250 fee).
A blanket waiver of subrogation is optional. It adds $150.
What if you need coverage for yourself?
A 👻Ghost Policy never covers the owner; if you want coverage for yourself, you need regular workers' comp. You reject coverage for yourself when you buy it, so it pays no medical bills or lost wages to you.
Some electricians want coverage for themselves because they work with dangerous equipment or in risky environments. If you get hurt on the job, a ghost policy will not pay your medical bills. It exists to show proof of coverage to the client, contractor or landlord who asks for it.
How to decide if workers' comp is right for you
Deciding if workers' comp is right for you depends on your business and your needs. Some businesses, like clients or landlords, might ask for a certificate of insurance. If they do, you will need workers' comp to show that your business has coverage. But if no one asks, you might not need it.
A ghost policy proves your business has coverage when a client asks for it. If you want a policy that pays you when you get hurt, you need regular workers' comp, not a ghost policy.
You can also look into your state's rules. Some states require workers' comp for certain businesses. You can check your state's rules, and start your quote here to see the price. Your quote will show you the price and help you decide if it is right for you.
