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Are you an independent plumber, plumbing contractor, or plumbing business in the United States looking for liability insurance? If so, our insurance team at Contractors Liability® is ready to answer some common questions for you and provide you with a free quote as well. We hope the below information proves useful to you whether or not you choose to use our services!
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Plumbers Liability Insurance
Even since the age of the Romans, someone was responsible to fix the utilities and luxuries of the home. Plumbers are the unsung heroes of the modern world. They make going to the bathroom, cleaning ourselves, and cleaning our belongings daily processes we can easily take for granted. But something that is not always considered is the fact that plumbing accidents do happen, and people do get hurt. While this job isn’t necessarily it’s dangerous as lion taming, its important to cover your assets in the event of an accident.
Contractors Liability is here to provide personalized plumbers’ insurance for those unsung heroes of our improved sanitation.
What is Plumbers’ Insurance?
Plumbers’ insurance is a type of general liability insurance that includes some of the more specific aspects of being a plumber. Despite the popular depictions of plumbers on television and media, plumbers are highly-skilled individuals who often put themselves at high risk when improving our sanitation standards.
Wherever there is potential for injury for a worker, there is also the potential for injury of a third party. Not only is liability insurance required in most states, but it also helps plumbers cover themselves if a claim is made against their work. Here are some of the common types of injuries associated with plumbing and some potential examples of the injury:
- Injuries to the Body: Injuries made directly to the body of a third party or client at your worksite
- Example: A trip hazard, such as a pipe on the ground, causes someone on the property to fall and injure themselves. They must take time off work and are suing for damages.
- Damages to the Property: This includes any sort of damage directly related to work completed or units installed
- Example: A water heater is improperly installed and causes damage to the building it was meant to provide hot water for.
- Personal Injury: Personal injuries are any sort of injury made to the reputation or image of a client based on your work
- Example: A new bathroom’s plumbing was improperly installed and a major pipe bursts. This causes a leak which affects the floors below, damaging some electronics belonging to a company who is leasing the office space.
- Advertising Injury: Think of this as any sort of claim or action taken against a company that causes that company to lose assets.
- Example: Your company leverages a rumor about another company to gain business, which results in the worsening reputation of the other company and overall loss of business. They sue for advertising injury.
- Medical Payments: This covers the medical bills of a third party that is injured due to fault of the plumber’s company.
- Example: A client is injured on the worksite while you are working there, resulting in a broken leg. Plumbers’ insurance covers the medical costs associated with the injury.
Plumbers’ Insurance Cost
Plumbers are typically well-liked in the insurance world, but a rate on plumbers’ insurance can vary greatly depending on your business. This is normal, and it is for this reason that Contractors’ Liability tries not to make unsubstantiated promises about plumbers’ insurance averages. Instead, we like to help customers understand whether their insurance rates might be too high or whether their coverage is too low, based upon common factors we use to examine insurance premiums. These include:
The age of your company.
Homeowners have their trusted plumbers that they return to time and time again. Most insurance companies take a similar stance on insurance rates. If a company has been in the business a long time and has a relatively clean accident history, their plumbers’ insurance rates are likely to be lower.
Your company’s accident history.
Insurance companies expect accidents to happen, so it’s not a total disaster when they do. However, if your company has a track record of having many accidents, you might be considered to be a greater risk, upon which your rates will increase.
Your Credit History.
While credit is not everything, it is something that insurance companies consider before offering certain policies.
Plumbers are highly skilled, so insurance agencies also consider how well your employees have been trained, where they’ve trained, how old they are, how long they’ve been in business, and their individual histories.
Of course, every insurance policy changes according to the policy owner, so none of these factors are set in stone. Just be advised that these are things that all insurance companies worth their salt consider when working on your policy. Rest assured – Contractors Liability is one of those insurance providers who can understand your background and your history and use that information to strike the best deal for you.
Why Should Plumbers Choose Contractors Liability?
We understand that it is hard to work in a trade that requires so much time and management for seemingly thankless jobs. To thank you for your service, we offer plumbers:
- A-rated insurance policies from insurance companies that you know and trust
- Customized plans that cover all potential problems plumbers might face
- Help from licensed and knowledgeable insurance agents who possess backgrounds in contracting work
- Prices that are affordable while providing comprehensive coverage
Is plumbers’ insurance mandatory?
Research your state laws agent act an insurance agency to learn about whatever rules and regulations there might be in your state. Sometimes general liability insurance is not required; however, it is highly recommended that you obtain plumbers’ insurance (another form of general liability). That way, in case of an accident of which you are culpable, your reputation and your assets are covered.
Does plumbers’ insurance cover my employees?
No. Worker’s compensation is a type of insurance that covers employees, and that is a separate policy. Plumbers’ insurance covers only third parties and their property in the case of an accident, which is excellent if you need to be protected against slander, libel, or other defamation costs. However, you will need to purchase worker’s compensation for your plumbing employees if you want them to be covered.
What happens if I don’t get plumbers’ insurance?
The least that could happen is that you could get slapped with a fine by a state government if your failure to provide liability insurance breaks that state’s laws. However, if there is a serious accident that is your fault, you could end up paying more than you can afford.
Contractors Liability recommends getting the right liability coverage for your company – after all plumbers have little to no use for a form of liability coverage that is designed for an electrician or another skilled tradesman. For more information about how to get yourself covered, contact Contractors Liability via web or call us at (866) 225-1950 for a 5-minute quote.
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