Plumbing Contractors install, repair, and maintain different types of plumbing systems.
Most states require plumbers to be licensed and insured with a Contractors’ General Liability policy.
Plumbers’ General Liability alone does not offer the protection needed for your business if an employee gets injured on the job.
Since employment-related accidents can be unavoidable, plumbers need a package of coverages to place a hedge of liability around their business.
Tools and equipment may be lost or stolen, while trucks and vans risk damage traveling to and from the job site.
The Fairbanks team recommends a package of General Liability, Workers Comp, Commercial Auto, Tool Coverage, and Surety Bonds.
Contractors’ General Liability is the bedrock coverage for plumbing contractors’ businesses.
It protects your business from third-party injury or property damage at a job site.
Plumbing Contractors’ Liability Insurance also provides defense costs against legal action brought against your company.
Most states require employers to carry workers’ compensation for their employees.
Plumbing Contractors’ workers’ comp will financially protect your employees if they are injured or become ill from a job-related incident.
Your plumbers’ workers’ compensation policy will help pay for medical expenses, lost wages, and funeral expenses.
Many states licensing boards and project owners require plumbing contractors to offer a license or surety bond as a financial guarantee that your business will complete each job according to your accepted bid.
The plumbing contractors’ surety bond provides financial protection that pays vendors and subcontractors accordingly.
Plumbing Contractors’ commercial auto insurance protects business vehicles while being on or traveling to and from the job site.
Contractors Commercial Auto provides financial protection if your insured vehicles or trailers are damaged or stolen.
Plumbers’ Commercial Auto insurance has no limit on the number of vehicles or drivers needing to be covered.
Also known as Plumbing Contractors Tool Insurance, Inland Marine provides coverage if tools or equipment are damaged or stolen at a job site, transported, or stored.
Plumbing contractors’ Inland marine coverage will reduce or eliminate paying out-of-pocket to replace your valuable tools.