Plumbers are exposed to an array of possible perils, including liability, property and other risks. Plumbing insurance policies help plumbers in Massachusetts protect themselves from many of the perils they face.
Plumbing insurance policies are commercial insurance policies that have been specially tailored to meet the risk mitigation needs of plumbers and plumbing businesses. Most policies come with several individual coverages that are packaged together, so the policies can provide a variety of protections.
Most Massachusetts residents and businesses that provide plumbing services ought to have a plumber insurance policy in place. Some examples of individuals and businesses that may need a policy include:
In addition to these, a few other businesses might also need this kind of policy. Homebuilders, general contractors, kitchen and bath remodelers, and similar businesses might want a plumber insurance policy if they do plumbing work along with other types of work.
Any business that doesn’t know whether this or some other commercial insurance policy is right for them should speak with an insurance agent who specializes in plumber insurance. A knowledgeable agent will have the expertise necessary to provide informed advice based on a business’ specific situation.
As mentioned, there are many different coverages that a plumber policy may include in its standard or optional protections. A few of the more common ones include:
Along with these, plumbing businesses may also want to consider cyber liability coverage, employment practices liability coverage, business interruption coverage and other available protections. An insurance agent can assist with selecting the coverages that make the most sense for a particular business.
Plumbers who work for other businesses in a subcontracting role generally should carry their own plumbing policy. Subcontractors normally aren’t classified as employees and thus, may not be protected by a hiring company’s insurance.
Plumbing policies’ premiums often vary, because insurance companies look at many different items when setting rates. Just a few of the factors that could influence how much a business pays for coverage are the:
The easiest way to see what different insurance companies will charge a specific business for a given set of protections is generally to work with an independent insurance agent. An independent agent has the freedom to request quotes from multiple insurers in the state, which businesses can then compare and contrast.
For help insuring a plumbing business in Massachusetts, contact the insurance agents of Haberman Insurance Group. Our independent agents have worked with many plumbers in the state, and they’re ready to help you find a robust yet affordable plumbing insurance policy.