What Insurance Does a Plumbing Company Need? 

Plumbing companies often face several risks which may lead to costly claims, such as property damage at job sites, accidents involving company vehicles and on-the-job injuries to employees. With the right business insurance in place, companies can better manage financial setbacks from unforeseen incidents.

Essential Coverage for Plumbing Companies

Having the right mix of coverage is crucial to help financially protect your business and support its long-term success. Consider the following:

• General liability insurance—This core coverage can help your business handle third-party claims of bodily injury, property damage or personal injury. For example, if a client’s property is accidentally damaged during a repair, general liability insurance can help cover the associated costs.
• Workers’ compensation insurance—Georgia law requires businesses with three or more employees to carry workers’ compensation insurance. This coverage can help pay for medical expenses and lost wages if an employee is injured on the job.
• Commercial auto insurance—Georgia businesses that use vans, trucks or other vehicles, such as to transport tools and equipment, are legally required to carry this coverage. It may cover damage and liability if your company vehicle is involved in an accident. You may also receive financial support following noncollision incidents like fire, theft or vandalism.
• Professional liability insurance—Also known as errors and omissions insurance, this coverage may cover legal fees, settlements or judgments if a client claims your work was faulty or incomplete.
• Business property insurance—This coverage can help financially protect your company’s physical assets, such as your office or warehouse, and avoid financial losses from a covered event.
• Tools and equipment coverage—Plumbers often rely on special tools and equipment to perform their work. This coverage can help pay to repair or replace items that are stolen, lost or damaged, so your business can keep running smoothly.

Why Work With Craddock Insurance Services?

Our team can help Georgia plumbing businesses find insurance solutions tailored to their needs. We take the time to understand your operations and recommend policies that address your specific risks. Contact us today to get started.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.