Similar to carpenters, handymen,and general contractors, plumbers must have business insurance in place.It ensures their financial protection and a safety net if things go wrong.
Plumbers insurance grants the comprehensive protection plumbers need against lawsuits, accidents on the job, and other risks related to plumbing business operations. In addition you can use it if you want to start a plumbing company.
Also called plumbing liability insurance, general liability insurance grants protection if a claim for bodily injury or property damage is filed because:
Your plumbing company gets a minimum of $300,000-$2 million from general liability insurance.
CoverWallet | NEXT (Best) | Thimble | Hiscox | |
Per occurrence limit | $1,000,000 | $1,000,000 | $1,000,000/$2,000,000 | $300,000/$2,000,000 |
Aggregate limit | $2,000,000 | $1,000,000/$2,000,000 | $1,000,000/$2,000,000 | $300,000/$2,000,000 |
Products and completed operations aggregate limit | $2 ,000,000 | $1,000,000 | $1,000,000 | $1,000,000 |
Personal and advertising injury coverage aggregate limit | $1,000,000 | $1,000,000 | $1,000,000 | $1,000,000 |
Tenant legal liability coverage aggregate limit | $100,000 | $1,000,000 | $100,000 | $100,000 |
Non-owned/hired auto liability coverage limit | Excluded | Excluded | Excluded | Excluded |
Equipment breakdown floater | Excluded | $2,500-$5,000 | $2,500-$5,000 | Excluded |
Employment benefits liability floater | Included | Excluded | Excluded | Excluded |
Name additional insureds? | Yes | Yes | Yes | Yes |
Waiver of subrogation included? | Yes | No | Yes | Yes |
Deductible | $0 | $0 | $0 | $500-$2,500 |
Plumbers public liability insurance covers bodily injuries or property damage sustained by third parties because of your business. This doesn’t grant protection against other exposures. In the USA, public liability insurance is included in the language of general liability insurance.
Professional liability insurance grants protection if a client files a claim because your business or its employee caused issues while working.
You can use this insurance to cover settlements, defense costs, and court judgments if you’re held liable for:
Most plumbing company insurance packages offer professional liability insurance with a $250,000-$2 million per occurrence limit.
This table compares the features and limits of the professional liability insurance of companies that underwrite small business insurance for plumbers.
CoverWallet (Best) | NEXT | Thimble | Hiscox | |
Per occurrence limit | $1,000,000 | $10,000/25,000 | $1,000,000/$2,000,000 | $250,000 |
Aggregate limit | $2,000,000 | $20,000/$50,000 | $1,000,000/$2,000,000 | $250,000 |
Name additional insureds? | Yes | Yes | Yes | Yes |
Waiver of subrogation included? | Yes | No | No | Yes |
Deductible | $0 | $0 | $500 | $500 |
Aside from lawsuits, the damage or destruction of your office, equipment, and other commercial property can result in significant drawbacks for your plumbing business.
Commercial property insurance protects your business’s tangible assets. This will reimburse your losses and helps you recover if these exposures happen:
This table compares the limits and features of commercial property insurance from the recommended companies.
CoverWallet | NEXT (Best) | Thimble | Hiscox | |
Building coverage limit (minimum) | $50,000 | $110,000 | $100,000 | $15,000 |
Contents coverage limit (minimum) | $50,000 | $15,000 | $100,000 | $15,000 |
Outdoor signs | Excluded | $2,500 | Excluded | Excluded |
Accounts receivable | Excluded | Excluded | $5,000/10,000 | Included |
Money and securities | Excluded | $2,500 | $1,000 | Included |
Lock and keys | Excluded | $2,500 | Excluded | Excluded |
Business interruption floater | Excluded | Included | Included | Included |
Equipment breakdown floater | Excluded | Included | Excluded | Excluded |
Inland marine insurance floater | Excluded | Excluded | $10,000 | Excluded |
Employee dishonesty floater | Excluded | $5,000 | $2,500 | Included |
Get all the best quotes from leading providers in a click of a button!
Workers’ compensation is a plumbing insurance coverage that provides a helping hand when an employee experiences a work-related injury or disease.
Workers’ compensation insurance provides the money your business can use to pay an employee’s:
Tools and equipment insurance is offered as a stand-alone policy or as a floater to commercial property insurance or general liability insurance of plumbing company insurance programs.
Also called plumbers tools insurance, this protects the drills, wrenches, welding machines, and other implements for fixing or installing plumbing systems.
Tools and equipment insurance kicks in when plumbing equipment and tools you own get damaged or lost because of:
General liability insurance for plumbing contractors costs $50.08 per month or $600.96 per year for a $1 million coverage. This plumbing liability insurance cost estimate assumes that you have 5 employees and make $500,000-$750,000 per year. Get cheap plumbing insurance by:
To determine plumbing insurance cost, carriers use your location, business history, claims history, annual revenues, and number of employees.
Cost per Month | Cost per Year | |
General liability insurance | $50.08 | $600.96 |
Professional liability insurance | $60 | $720 |
Commercial property insurance | $53.08 | $636.96 |
Workers compensation insurance | $80.25 | $963 |
Business owner’s policy | $52 | $624 |
NEXT offers streamlined online solutions in its plumber’s insurance. Through its platform, the company allows customers to add or remove insurance policies, pay premiums, and get instant proof of insurance.
CoverWallet
Rating:10/10
Rating:10/10
Rating:9/10
Get all the best quotes from leading providers in a click of a button!
Rating:6/10
Rating:5/10
It was, founded in the 1930s, is known for their marketing campaign that features their signature Geico.
GEICO plumbing commercial insurance is available to customers in partnership with Hiscox. This policy will cover plumbers in case of property damage, physical injuries, and advertising injury.
Rating:7/10
For me this company has proven to be the best to do business with and worth my hard earned money. Contractors this is your company look no further.
Decent experience with Hiscox business insurance
Good company. Good and knowledgable customer service. If they don't know something they will pass you on to a more experienced rep that is more knowledgable. So far so good.
Best insurance ever
Coolest concept, I wish this was applied to other insurance products too.
Fastest ever online insurance quote and purchase! Also, great rates and professional customer reps that helps with whatever you need, if you need. Nice company!
Embroker sells a product that it doesn't honor. We purchased a combination D&O and EPLI policy. However, when it came to renewal, it told us that we only had D&O coverage even through our ACCORD certificate clearly mentions we have both. Basically they refused to honor the EPLI coverage and will leave you hanging with the bag. At time of renewal, they more than doubled our quote to get similar coverage. Basically BAIT & SWITCH. Unacceptable tactics. Easy to buy and pay but you may not be... Read More
Great platform. Terrible policy. There is no teeth behind it. No coverage. It's a fake policy that they sell. Sold us an EPLI policy that later we came to find out had no EPLI coverage. Amazing that they can get away with outright fraud. Check the positive reviews. They are all 'Anonymous' posted by Emroker staff. Stay away and find a real policy that will actually provide you coverage. We've been bitten by them and hope to find restitution via a lawsuit.
Paul Burns Insuranker
Policy Type: Business Insurance
Company name: Berkshire Hathaway GUARD Insurance Companies
It has been 70 days since I made a claim on the roof of my building. No one from the company will return calls. We are in hurricane season and located in Louisiana. My building is tarped to secure it.
Felicia Broadus Insuranker
Policy Type: Business Insurance
Company name: Berkshire Hathaway GUARD Insurance Companies
They are the worst, my truck was hit in January 23 and the claim adjuster has not been out to this very day! They have every excuse in the book as to why. They have not been to the collision shop. PLEASE AVOID THESE SCAM ARTIST!
Felicia Broadus Insuranker
Policy Type: Business Insurance
Company name: Berkshire Hathaway GUARD Insurance Companies
Avoid these SCAM ARTISTS! They don’t pay claims!!! Save yourself the trouble and money!
Kasey Arey Insuranker
Policy Type: Business Insurance
Company name: Berkshire Hathaway GUARD Insurance Companies
This company gives you a price that was in place for a year and when you have to use it there is fine print were they can go back and charge you more. Would not recommend them to any one. Crooks
John Murphy Insuranker
Policy Type: Business Insurance
Company name: Berkshire Hathaway GUARD Insurance Companies
Worst insurance comapny I have ever dealt with. A commercial vehicle represented by GUARD t boned my wife and daughters family vehicle in the middle of the day. Driver was cited and insurance claim insued. Fast forward 4 months and refusal of full amount of claim is still happening. Driver was found guilty, repairs started on my vehicle and when it comes to the final bill and diminished value we cannot get any help. I am out a family car, have an injured and traumatized wife and children,... Read More
Harshadray Patel Insuranker
Policy Type: Business Insurance
Company name: Berkshire Hathaway GUARD Insurance Companies
Extremely bad service, when you call , will make you wait on the phone for ever (over an Hour) and still no one to answer , so you end up hanging up. To cancel the policy, bounce you from one department to the other. They are supposed to refund from the date other insurance started and after sending the proof of other insurance policy, still they did not refund based on that actual date instead they use the date i managed to get hold of them. They charged me $7000.00 for a year's insurance on... Read More
Aaron Wensel Insuranker
Policy Type: Business Insurance
Company name: Berkshire Hathaway GUARD Insurance Companies
Guard Insurance is terrible. They were so bad I cancelled them because them couldn't figure out why I would never get a paper copy of the bill . Verified my address with them and still intermittent billing. I cancelled them in March through my local broker. Today 6/27 I get a letter in the mail from a collections company saying I owe 87.97. This was the first myself or my broker heard of owing this money. Here is some advice for this failure of a company send me a god damn bill and I will pay.... Read More
Michael Swink Insuranker
Policy Type: Business Insurance
Company name: Berkshire Hathaway GUARD Insurance Companies
My employer had to have workers compensation by law. He obtained a policy through this Berkshire Hathaway GUARD and they failed me. I fell from a ladder and fractured my spine in 7 different places, my clavicle in 4 places, and the base of my skull. Going to my Dr visits I was prescribed medication for pain and the insurance company placed a pre-authorization hold on me picking up the medication from Walgreens. The hold lasted 5 days! My weekly benefits have never been on time, right now... Read More
Liberty Mutual is one of the more simple companies to deal with. I had to file a claim for my business owner policy after I caught one of my employees stealing a large amount of products from my business. Liberty mutual paid the claim fast and with no efforts. I wish the legal process was as easy…
For me this company has proven to be the best to do business with and worth my hard earned money. Contractors this is your company look no further.
Decent experience with Hiscox business insurance
Very pleased with Hiscox - their small business insurance rates are very good and they specialize in small business which gives me a peace of mind as a small business owner. So far so good!
Their customer service is absolutely fantastic. Very patient, knowledgable and provided excellent explanation of the purchased policy. I would highly recommend this insurance company to anyone that's looking to protect their business from unexpected expense. Thank you Hiscox for doing a great job for my business!
STAY AWAY! I wouldn't recommend hiscox small business liability insurance to anyone. Better not waste both your money and your time. Hiscox customer service is extremely unpleasant, not organized and not professional. It is the worst company we have dealt with in almost 25 years in business!
Good company. Good and knowledgable customer service. If they don't know something they will pass you on to a more experienced rep that is more knowledgable. So far so good.
Extremely fast and simple. Wasted a lot of time and money until I found these guys! I feel like my business is in good hands now.
Hiscox's the best! My business is insured with them for over 12 years and am not planning to switch!
Excellent experience with Hiscox BOP for my coffee shop. They provided all it needed.
My HI barbershop is well covered with their great BOP product for 5 years already! not planning to switch!
Best insurance ever
Coolest concept, I wish this was applied to other insurance products too.
Great experience
Didn't relate to the concept much, but it makes sense if you need insurance to go
It doesn't really feel sustainable to me and doesn't offer business interruption, product liability and commercial property insurance. They have no local agents and despite their technology first approach you cannot file claims online. Additionally, product manufacturers are not covered by Thimble and they don't provide enterprise solutions.
As a contractor that works 3 times a week for a few hours, Thimble gets really handy for me and saves me money. I have no use for these massive business insurance coverages offered by traditional insurance companies.
Excellent concept which is useful to many small businesses!
Been waiting for this type of solution for a long time!
Love their business insurance solutions for freelancers! Great app!