As a consumer you always wish to call an appropriately licensed plumber to carry out your work and who offers you protection because they have the level which is needed for insurance to cover any defective work.

Plumbing insurance protects the plumbers and plumbing contractors from the risks that day face on a high level daily. Proper protection is very much required as one small single mistake or accident could result in damages that can destroy a small business’s finances beyond recovery.

But apart from all this, do you know how much does a plumbing insurance cost? Well, do not worry about this article you will find the solution to all your questions.

There are various rating factors such as coverage needs, claim history, and exposure, on which the plumbing insurance cost depends. Let’s understand this with the help of an example: a plumbing contractor who recently had a $25,000 claim could expect to pay more for insurance than a plumber who’s claim-free.

Here’s a list of plumbing work that is covered by insurance:

While carrying out any plumbing work, all the authorized licensed plumber must be covered by the insurance.

Here’s a list of work for which a compliance certificate is required:

  1. Any work that is related to the installation, relocation, replacement or conversion of any gas-using appliance
  2. Any work including the installation, modification or relocation of consumer gas piping
  3. Any work where the construction, installation, relocation, alteration, or replacement of cooling towers is needed.

Well, apart from all this, do you know what structures do require plumbing contract:

  1. Home plumbing insurance: It covers the repairs or replacement of plumbing parts as in the form of homeowner’s insurance or a home warranty for some of the reasons mentioned in the policy. This form of insurance or warranty focuses on making the repair easier and pocket-friendly. Also, you can say this kind of insurance as residential plumbing insurance.
  2. Commercial plumbing insurance: As a plumber, many times you do not need all the types of insurance, but there are a few which are essential for you: commercial general insurance which is also known as professional liability and commercial property insurance which is only to protect your tools. If you have a vehicle to drive out to your clients, you can add commercial car insurance. There is a few more insurance in the commercial plumbing insurance category. And few of them are Commercial Property Insurance that covers the risk of any kind of commercial property such as from natural disaster, theft, and fire. The next is Commercial Building Insurance that covers several types of commercial properties from pre-determined risks which are also known as perils. For example natural disaster, theft, and fire.

These are the basic to structures that require plumbing insurance. Also, you can get the plumbing Insurance of any structure at an affordable rate by going through various websites and making a thorough research on the cost of plumbing insurance.