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 commercial general liability insurance is to protect your business if something you or your employees do inadvertently causes injury to a third party—any of your customers—or damage to their property.
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 commercial general liability insurance is to protect your business if something you or your employees do inadvertently causes injury to a third party – any of your customers – or damage to their property. Examples of potential liabilities for plumbers include:
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 automobiles that you, your partners, or employees need use to get the job done. Protect yourself, your team, and your assets when you’re on the road from accident liability with comprehensive coverage suited to your business and your vehicles.
Property insurance protects more than just your place of business. Ensure that your tools, merchandise, 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.
Equipment breakdown insurance (or boiler and machinery insurance) is coverage that insures your business against any potential losses incurred by the failure or malfunction of the equipment you need to run your business. Covered breakdown includes mechanical breakdown, electrical arcs, and cracks or ruptures to your equipment. Some of the ways that Equipment Breakdown insurance protects you and your plumbing business are:
Insuring your equipment, not just against breakdown, but from loss, theft, or damages resulting from these issues, can be vital in the event of the unexpected. 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. Coverage that guarantees your plumbing business is safe from potential financial damage of any incidents is key to quality protection for your plumbing business.
Mitchell & Whale Insurance Brokers was recently voted #1 in Ontario by the Insurance Business Canada magazine. Read more