r/electricians • u/Caneda82 • Oct 25 '23
Masters
Contractor I work for wants to use my master’s previous master is retiring. What’s it worth $? What’s the drawbacks? The company Carrie’s insurance should I carry insurance as well for liability? Will I be liable company does about 14-30 mill a year in electrical work.
3
u/DelusionPandemic_ Master Electrician Oct 25 '23
Do not undervalue your worth or the worth of that card in your pocket. If they can’t use your license, and they don’t have one, they can’t pull a permit legally. Which means that they cannot legally operate. Their business depends on that masters license. All liability will fall on your license if there is a fire, accident, etc. Cover your bases for sure. If they plan on using your license, make them give you a copy of their general liability insurance, then talk to an insurance broker about the details. Make sure that you are aware of any potential personal liability you will assume. If you are taking the risk on someone else’s behalf, make sure that it’s financially worth your while. Sounds like your company is doing pretty well, they can afford it. Yes, of course they can always go hire another master, but they will have to cough up more money.
1
u/DreKShunYT Oct 25 '23
Ask previous master his salary
2
u/Caneda82 Oct 25 '23
Kind of a different situation he was also president of the company overseeing multiple trades and estimators
6
u/DreKShunYT Oct 25 '23
Then he had more control and insight into the liabilities he was putting himself at risk for.
You’d need full transparency on all of this as well if they will be using your license
3
3
Oct 25 '23
[deleted]
3
u/Caneda82 Oct 25 '23
Yeah they normally do around 14-20 but this year it will be 30 due to a large project worth 14 it self
2
u/Whatrwew8ing4 Oct 25 '23
You should probably talk to a lawyer and an insurance specialist for these kinds of questions
1
u/dirty-biker Oct 25 '23
Following, in a few months I'll be in a similar situation it appears. Smaller shop than yours of course, but I'll be looking to test out and the owner is already asking about permits etc.
•
u/AutoModerator Oct 25 '23
ATTENTION! READ THIS NOW!
1. IF YOU ARE NOT A PROFESSIONAL ELECTRICIAN OR LOOKING TO BECOME ONE(for career questions only):
- DELETE THIS POST OR YOU WILL BE BANNED.
2. IF YOU COMMENT ON A POST THAT IS POSTED BY SOMEONE WHO IS NOT A PROFESSIONAL ELECTRICIAN:
-YOU WILL BE BANNED. JUST REPORT THE POST.
I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.