Washington & Oregon Plumbing Insurance
Running a plumbing business in Washington & Oregon can be very lucrative, as just about every home and business has plumbing needs. Plus, as new homes and buildings are built, someone must be there to install all the plumbing and fixtures. However, this business contains a lot of risks and that is why there is plumbing insurance. Being insured is essential but you also need the right kind of insurance. If not, you could find yourself out on the street someday. In fact, you never know what might happen and here is an example.
A plumbing business in Vancouver, WA is hired as a subcontractor for a local construction company. They have a contract to build an entire apartment complex and require assistance with the plumbing installation. The company does a great deal of the work and everything appears satisfactory. Plus the plumbing contractor sees an experienced insurance professional to get the best possible plumbers insurance. In fact, a year and 8 months later, the place is built and many of the apartments are already occupied.
Within 6 months time, one of the apartments has a major flooding problem. The plumbing contractor did not properly solder in a pluming tee (which ran above the ceiling). In fact, the connection broke loose and ruined the ceiling, walls, carpeting and many furnishings inside the apartment. To make matters worse, the water line break happened while the tenants were away for the weekend.
The total damages were over $10,000 and the apartment building owner sued the construction company and they in turn sued the subcontractor for the damages. Standard plumbers liability insurance may not cover this kind of thing and that is why the plumbing contractor took out errors and omissions coverage. This is only one example of why you need the right insurance.
What is Plumbing Insurance?
A plumbing contractor needs to make sure all business risk factors are covered and one of the best ways to do this is with insurance. When problems arise like physical damages and legal liability issues, insurance takes care of the charges, minus a deductible amount.
Who Should Take Out Plumbers Insurance?
Plumbing contractors are not the only businesses which should consider this kind of coverage. In fact, any business that does plumbing work should have this insurance, such as:
- Handyman services
- Home improvement contractors
- Construction contractors
- Fire and water restoration services
- HVAC companies
- Landscape services
- Septic and sewer repair companies
What is in a Typical Insurance Policy for Plumbers?
A plumber's policy will have many of the same features as most contractor insurance policies. For example:
- Commercial property insurance
- Plumbers liability insurance
- Workman's compensation
- Business auto insurance
- General liability coverage
Additional Insurance Options
Your business may need several kinds of plumbing insurance options. For instance:
- Equipment insurance
- Flood or sewer backup protection with your commercial property coverage
- Errors and omissions - this covers mistakes and problems with installations and workmanship.
- Business umbrella liability insurance - covers many different kinds of legal liability issues and it can include amounts not covered by standard liability limits on auto and general liability.
- ENOL - Suppose one of your company vehicles is not running and an employee uses his or her vehicle for the day. Normally, this person would not be covered by your commercial auto insurance or the employee's personal auto insurance. This is why you would need employee non owned liability (ENOL) to cover auto accident liability claims.
- Performance bonds
- Inland marine insurance
- Course of construction insurance
- Cyber liability coverage
Where Can I Get the Right Plumbers Insurance Policy?
Every job a plumber does involves some kind of risks, and when you have an experienced independent insurance agent from Columbia Insurance Group you have someone looking out for the interests of your business, and not an insurance company. In fact, we are not company insurance agents. We are partnered with some of the best insurers in the state and we check out all the policy options and premium discounts, to make sure your insurance is customized to the needs of your plumbing business.
Why Come to Columbia Insurance Group?
There are many insurance companies out there, so why choose us? When you go to an insurance agent who works for the insurance company, this person can only give you what that particular company has to offer. In fact, it is their job to sell you what is available, and that may not be in your best interest.
This does not happen with Columbia Insurance Group. We work hard for you to make sure your coverage is satisfactory and your premiums are affordable, and we have been here for more than 60 years. Not all plumbers liability insurance is the same and when you have an independent insurance professional on your side you have one less thing to worry about. Don't take chances with your business and livelihood. Come to Columbia Insurance Group today for a free online insurance quote. To get started, simply enter your zip code in the form and click "Find Quotes".