Inductive reasoning is one of the type of reasoning method in which generalized consequences are derived from limited observations. By observing few data, general conclusions are drawn. The conclusions drawn are false in inductive reasoning. In the given situation, the conclusion drawn by the elevator repairer has been drawn by inductive reasoning. His observation of some cables led him to draw the conclusion about all the cables. The result of the reasoning is false.
The purpose of a dielectric and/or insulator is to prevent current flow. An electrostatic field may set up the conditions for current flow, but it carries no current itself.