Operating a plumbing business presents some unavoidable risks. From car accidents to stolen tools, Massachusetts plumbers may protect themselves against a range of risks by getting plumbing insurance.
Plumbing insurance is a specialized type of commercial insurance designed for plumbers and their businesses. Policies may protect against an array of property and liability risks.
Most plumbers in Massachusetts should have plumbers insurance. Not insuring can lead to disastrous financial consequences if there’s a major accident, disaster or other event.
For example, residential plumbers, commercial plumbers, self-employed plumbers and statewide companies might all get this type of policy. HVAC services that do plumbing usually need these coverages too, although they might look for a more expansive policy that has additional protections for HVAC work.
In some situations, certain coverages might not just be recommended but required. Almost every plumber needs some type of commercial auto coverage for their work van or truck. Commercial plumbers working on larger projects may find that their contracts require certain liability coverages.
The easiest way to get these and other important coverages is often through a plumbers policy..
Plumbing policies generally offer a suite of coverage options. Depending upon a specific policy, the options can include:
Some plumbers policies are able to provide coverage for working with gas, provided the policyholder is appropriately qualified. Not all policies include this protection.
If coverage for working on gas lines is needed, plumbers should work with an insurance agent who specializes in plumbers insurance to get the right coverage.
As mandated by Massachusetts law, most plumbing entities with employees are required to secure workers compensation coverage. This is a broad requirement of almost all employers in the state. Its purpose is largely to help ensure that workers will receive financial assistance if they suffer a covered job-related injury.
Thus, plumbing businesses with employees normally need to get this coverage. It may be included in some plumbers policies, or purchased separately. Sole proprietors without employees might not need it.
Policies that afford coverage for both residential and commercial work are readily available. An experienced insurance agent can confirm that a chosen plumbers policy adequately covers both.
A certificate of insurance is a document verifying that an insurance policy is in place. It might be required in order to secure certain jobs (usually commercial ones).
If a COI is needed, this is something that an experienced insurance agent can assist with. They’re regularly provided without issue, so long as coverage is indeed in place.
Premiums for plumbers policies are subject to variation, influenced by several factors including the range of services provided, business location, service area, business size, and claims history, among others. To obtain a precise quote, it's advisable to consult with an independent insurance agent who can facilitate comparisons across various providers.