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Plumbers General liability Insurance

 

Plumbers’ liability insurance is a very essential coverage for plumbers, regardless of whether they operate their own businesses or work as subcontractors. Considering the nature of plumbing, things can get damaged by a contractor. Water could as well get out of hand to damage some items belonging to clients.

Plumbers’ liability insurance is quite essential if you are to safeguard your business against unfortunate and unexpected occurrences that could crop up while working as a plumber.

We offer the best and Cheapest Plumbing General Liability Insurance packages for both large and small businesses, independent contractors, and the self-employed.

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General Liability Insurance for Plumbers

What exactly is Plumbers General Liability Insurance?

In its most basic form it protects third parties from damages caused by you or your work. It covers personal injuries to third parties. It also covers damages to their property. It is also important to note that it also includes the cost of legal fees required to defend you if legal action is taken against you for a covered claim.

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What are the risks facing Plumbing Contractors?

The most common risk faced by plumbers are damages to property as a direct result of the work they are doing. Pipes can burst or leak causing extensive damage to the structures being worked on. Without a low cost Plumber’s General Liability Policy you will be responsible for these repairs. The other main concern is theft of materials and tools. These losses can be protect against by purchasing affordable Plumber’s Inland Marine Insurance. This will cover these types of losses

What Does Plumbing General Liability Insurance Cover?

It covers you against covered claims for property damage as a result of your work. It would also protect you if someone was physically hurt as a result of any work you preformed.

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Bodily Injury to Third Parties

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Damages to Third Parties Property

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Product and Completed Operations

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Personal Advertisement Injury

  • Bodily Injury – This insurance policy covers your business against problems that could result if someone gets injured on your business premises. It also safeguards you against effects of injuries caused by you or someone working for you while executing tasks on a client’s property. The policy handles the medical costs of the injured person, up to an agreed threshold.
  • Property damage – You may never be able to completely rule out the possibility of a client’s property becoming damaged while working on it. Damage could affect client’s existing pipe network or even public property such as gas pipelines. Lawsuits could result in these situations and similar, if the parties involved are not particularly understanding. The cost of litigation could prove too much for your business. But you need not worry much if you have an active plumbers’ liability coverage.
  • Completed project or product liability – Sometimes, issues may not arise during a roofing project, but will rear their ugly head after completion. A client could complain that work was not completed to specification and threaten legal action. Plumbers’ liability insurance helps to insulate your business against losses that could result is such situations.
  • Advertising injury – Perhaps, this might sound new or funny to you, but it is real. Advertising injury refers to negative consequence of the method used for advertising your business. For example, a rival in roofing business could sue you for using statements considered slanderous against them in your advertisement.

Why is Plumbing General Liability Insurance required?

In most States Plumbers need to be licensed. This is because Plumbers are essential to health and welfare of the population. They connect to City water and sewer systems. They provide piping for clean and safe water delivery. They install systems move the waste from our homes and businesses. There is a great risk to the public if these things are not done correctly. It is common that along with having to pass rigorous examinations, there is usually a requirement to also have Plumber’s General Liability Insurance before any license or permit is issued.

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What other insurance should a plumber have?

In many plumbing insurance packages, other policies are needed to supplement general liability. To understand how to fully cover your business, let’s look at some of the other insurance policies recommended for plumbing contractors

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Worker’s Compensation
If you have employees you are required by law in almost every State to obtain Worker’s Compensation for your employees. It covers them if they are injured or made sick a result of work related activities.

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Professional Liability
If you design or plan installations you should have Plumber’s Professional Liability Insurance. It protects you from claims if your designs or plans prove to be nonfunctional.

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Umbrella Policy
This gives you additional layer of protection against claims. It protects you from catastrophic claims that exceed your underlying policy limits.

Commercial Auto insurance

Commercial Auto
If you use vehicles in your business you need to purchase commercial auto coverage. Even if you it is just you, your van needs commercial auto coverage.

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Inland Marine
This policy covers your tools and equipment if they lost, destroyed in a covered event, or are stolen.

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Surety Bonds
When you need a permit there is often a requirement to obtain a surety bond before the permit will be issued. Also if you are required to obtain a License there is usually a bond requirement as well. At FarmerBrown.Com we can normally get your bond in a matter of minutes.

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Business owner’s policy (BOP)
This policy bundles Plumber’s General liability Insurance with property insurance protection. This is a good option if you operate your business at physical location with an office. They offer a lower price then the same policies purchased separately however, they can be less flexible with coverage.

How Much Does Plumbing Insurance Cost?

Plumbing insurance can vary in cost just as it varies in coverage. The cost of plumbing insurance depends on the size of your company, your location, claim history,and coverage limits. It is usually a small price to pay to protect your business against risks. At Farmer Brown, we work with the best insurance carriers in the nation to find you the best coverage Plumber’s General Liability Insurance at an affordable cost.

Annual Revenue Policy Limits Annual Premium
$100,000.00 $1 Million/ $2 Million $987.00
$300,000.00 $1 Million/ $2 Million $2,900.00
$500,000.00 $1 Million/ $2 Million $4,700.00
$1 Million $1 Million/ $2 Million $9,155.00
$3 Million $1 Million/ $2 Million $28,766.00

These figures are for illustration purposes only and do not constitute an offer to sell insurance. Actual premiums can only be determined after underwriting

Additional insurance chart

Plumbers Worker’s Compensation Cost: This is based on payroll and is generally is $1.70 per hundred dollars of payroll.

Professional Liability: The cots of a Plumber’s Professional Liability Insurance starts at less than $50 per month.

Umbrella Policy: A Plumber’s Umbrella Insurance Policy costs approximately $1,000 per year.

Commercial Auto: Plumber’s Commercial Auto Insurance is approximate $140 per month per vehicle.

Inland Marine Insurance: Inland marine for Plumbers costs around $150 per $5,000 of coverage per year.

Surety Bonds: Surety bonds for Plumbers are 1% of the bond amount assuming you have good credit.

BOP: BOP Insurance for plumbers ranges between $1,000 and $2,800 per year.

Is Plumbing Insurance Required?

In many areas, State law mandates contractors to carry general liability insurance. Additionally, commercial auto insurance is among other policies that might be required by the government for a business to legally operate. While your state or client may require certain policies, additional coverage might be recommended to guarantee adequate coverage for your business. The best way to confirm your coverage meets the industry’s requirements and recommendations is by using a knowledgeable agent when choosing insurance policies.

We have experienced team members that can analyze and recommend the appropriate coverage for your Plumber’s Insurance needs. Whether you are one man show or have 40 employees all business assets need to have some type of protection. Protecting your valuable physical assets with the quality affordable insurance coverage, we are here to help customize that coverage to your needs.

  • Our team members are professional and knowledgeable and able to help you choose the perfect policy for your Plumbing Contractor Insurance needs.
  • Being an Plumber requires specialized a policy to cover your unique needs
  • Flexible agents to work on your time schedule.
  • We provide easy online payment options.
  • We are licensed in all 50 States to offer Plumber’s Insurance.
  • Same day service in most cases.
  • Get you license in under an hour.
  • “A” Rated insurance companies that pay claims quickly.

FarmerBrown.Com has the capability to provide quotes for the hard to place risks and get you insured quickly and conveniently. We have the experience to analyze and recommend the appropriate affordable Plumbing Contractors General Liability Insurance Coverage. Call now to speak with a knowledgeable agent. Our experts can review your needs and get you the proper coverage your business deserves. They will make sure you have the coverage you need at the best price for you. Best of all, you can get a free, no-obligation quote in minutes.

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By selecting the best policies from the nations top insurance carriers FarmerBrown.Com is able to deliver coverage that represents the greatest value for you. You can obtain a Plumber’s Insurance quote by clicking above, or by calling (888) 973-0016 today to find out more about the extensive insurance programs offered by FarmerBrown.Com to reduce premium cost and risk. Let the FarmerBrown.Com team make obtaining insurance coverage trouble-free. Get the coverage you need at the rates you deserve.

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