The plumbing trade has its own risks and liabilities and as a responsible contractor, you need to make sure that you and your customers are protected. The main purpose of plumbing insurance is to protect your business and your customers from unforeseen losses related to the work you do.
Property insurance protects more than just your place of business. Ensure that the tools, equipment and supplies you store on your business property are as safe and secure as your building itself. Your property insurance should have coverage with limits that match the potential replacement costs of your shop’s inventory and equipment.
If yours is a home-based business, you don’t need commercial property insurance, but talk to your insurance professional to ensure that you have sufficient coverage for business-related tools and materials kept in your home.
Whether your plumbing business makes use of a single vehicle or a fleet of vans, your customized coverage can be tailored to include any and all vehicles that you, your partners, or employees use to get the job done. Protect yourself and your business from losses related to driving to and from job sites, picking up supplies etc.
If you use your personal vehicle to travel to your contracting jobs or to transport materials, be sure to tell your insurance company. It will cost you a little more, but you’ll will be covered for both business and personal use of that vehicle.
The main purpose of commercial general liability insurance is to protect your business if something you or your employees do inadvertently causes injury to a customer or third party, causes damage to their property, or harms them in some other way. Plumbing has significant potential for water damage claims, both during and after the work is completed. Other potential liabilities for plumbers include:
Insuring your tools and equipment, not just against breakdown, but from loss, theft, or damage, can be vital. Protecting the tools of your trade is central to plumber’s insurance; making sure what you need to complete any installation or repair is covered along with you and your business.