Business insurance • Oklahoma electrical contractors
Oklahoma Electrical Contractor Insurance: CIB License, $5,000 Bond, and Coverage
Oklahoma’s Construction Industries Board (CIB) requires each active electrical contractor to post a continuous $5,000 license bond and carry comprehensive general liability of at least $50,000 combined single limit, including completed operations and independent contractors coverage. Contractors must also show compliance with Oklahoma workers’ compensation law, or the license goes inactive.
This guide covers Oklahoma electrical contractor licensing, the bond and insurance minimums, coverage, and typical costs. Blake Insurance Group is an independent agency licensed in Oklahoma, and a licensed agent can compare quotes for your electrical business.
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Oklahoma electrical contractor requirements
| Requirement | Detail |
|---|---|
| License bond | $5,000, continuous, with 30 days’ cancellation notice |
| General liability | At least $50,000 combined single limit, including completed operations and independent contractors |
| Certificate holder | Construction Industries Board (not additional insured) |
| Workers’ comp | Show compliance with Titles 85 and 85A on the application |
Source: Okla. Admin. Code 158:40-5-5. Missing bond or insurance makes the license inactive.
See our Oklahoma contractor license bond guide.
Coverage most Oklahoma electricians carry
The $50,000 license minimum is low for electrical work, so many contractors carry higher limits when clients or general contractors ask for them.
- General liability: third-party injuries and property damage, such as a wiring fault that starts a fire in a customer’s home.
- Business owner’s policy: general liability bundled with property coverage for your shop, wire, and stock.
- Workers’ compensation: medical bills and lost wages if an employee is hurt, including shocks and falls.
- Commercial auto: service vans and bucket trucks that carry crews and equipment.
- Tools and equipment (inland marine): meters, benders, lifts, and power tools on job sites or in transit.
- Commercial umbrella: extra limits on top of general liability and auto, often required on commercial jobs.
What Oklahoma electricians pay
| Policy | Monthly | Annual |
|---|---|---|
| General liability | $61 | $732 |
| Business owner’s policy | $100 | $1,198 |
| Workers’ compensation | $140 | $1,679 |
| Commercial auto | $275 | $3,304 |
| Tools and equipment | $42 | $503 |
| Professional liability | $67 | $808 |
| Commercial umbrella | $74 | $886 |
Median costs for electricians who got quotes through Insureon, mostly businesses with fewer than five employees. Your price depends on payroll, the work you do, claims history, and location.
Oklahoma electrical insurance FAQs
What bond does an Oklahoma electrical contractor need?
A continuous $5,000 license bond with 30 days’ cancellation notice.
How much liability insurance does an Oklahoma electrical contractor need?
At least $50,000 combined single limit, including completed operations.
What happens if my Oklahoma bond or insurance lapses?
The CIB license becomes inactive until you provide the bond and insurance.
Related guides
Important information
Compensation. The link in the partner quote box near the top of this page is sponsored, and Blake Insurance Group may be paid if you make a purchase. Sponsored placement does not affect the other information on this page.
Independent agency. Blake Insurance Group LLC is an independent insurance agency. Licensed insurance producer NPN 16944666. Licensed states: AZ, AL, TX, CA, NY, OH, FL, NC, VA, GA, OK, NM, IA, KS, MI, NE, SC, SD, WV, IL, NJ, PA, TN, and WA. Which insurance companies we can quote depends on our current appointments, the product, and your state. Mentioning a company on this page does not mean we represent it.
Cost figures. Published averages and ranges are cited from the sources named, as of the dates shown. They are not quotes and may not reflect your price, which depends on the insurer, your state, your payroll, the work you do, and your claims history.
Availability. Coverage, prices, discounts, and eligibility vary by insurer, state, and applicant, and are subject to underwriting. The issued policy controls.
Your next step
Tell us about your Oklahoma electrical business, and a licensed agent will compare quotes, or start a business insurance quote online with our partners.
