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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.
plumber professional liability 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 plumbing insurance coverage 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 plumbers liability insurance quotes 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, making it one of the best insurance for plumbers. 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
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