Types of Plumbing Insurance Coverage
- Bonded and Uninsured Workers' Compensation (B&U): This type of coverage provides financial protection for plumbers in case of work-related injuries or illnesses.
- Casualty-only insurance: This policy only covers damages caused by accidents, excluding normal wear and tear on equipment or property.
- General Liability Insurance: This coverage protects your business from claims related to damages or injuries to others, including customers or neighboring businesses.
- Professional Indemnity Insurance (PI): Also known as Errors and Omissions insurance, this policy protects your business against errors or omissions made by you in the course of your work.
- Premises Liability Insurance: This coverage extends liability to customers who enter your premises, covering damages or injuries caused while on your property.
Key Features to Consider
When selecting a plumbing insurance policy, consider the following key features:
- Coverage limits and deductibles: Ensure you have adequate coverage in case of accidents or damages.
- Policy duration: Choose a policy that aligns with your business's operational needs.
- Deductible level: Consider the deductible amount to determine how much out-of-pocket you'll need to pay for claims.