INSURANCE FOR PLUMBING EXPERTS
As a plumbing expert, it is important to have insurance so that you can be covered in case of a lawsuit or complaint. Fortunately for plumbers, there are plenty of options when it comes to coverage. With the right policy, contractors will have an easier time providing their services to customers and avoiding a potential situation that can ruin your business.
TYPES OF INSURANCE COVERAGE
There are numerous types of coverage for all plumbing operations. These types of policies can cover a specific aspect of plumbing or all. It is highly recommended that plumbers look into all of the relevant policies to reduce exposure to risk and ensure smooth business operations at all times.
• Builders Risk Coverage
This type of coverage protects builders and owners against damage that occurs when a building is under construction. A builder’s risk policy will protect all of the materials, equipment, and property associated with a given project.
• General Liability
All businesses operate with a certain amount of risk. For plumbers, there are a number of risks that need to be accounted for – leaking, failure, under (or over)-dimensioning, etc… With general liability coverage, plumbers will be able to get coverage for bodily injury, property damage, advertising liability, and rental coverage.
• Tools & Equipment Coverage
This type of policy provides coverage for any tools and equipment that a plumbing business uses. The policy covers professionals in all realms of plumbing jobs. Having this policy will help any plumbing professional get compensated in case their tools and equipment are lost, stolen, or damaged.
WHO IT PROTECTS
All of these policies protect any professional or company that works in the plumbing industry. Whether a person works on plumbing repairs or installing new equipment, the policies will provide comprehensive protection at all times. This coverage will provide protection from things such as professional liability, water damage, and even underlying construction issues.
HOW IT WORKS
When looking to get a policy that provides this type of coverage, plumbers will need to go through a simple process. Contact one of our commercial specialists for a custom proposal. Once you submit the application and premium your coverage will start based on the date stipulated on the contract. When the policy goes into effect, any plumbing specialt who gets this policy will have the opportunity to be covered for personal liability, equipment, tools, and from things such as water damage and more!
There are many benefits to getting this kind of policy. One of the benefits is that these policies will help your plumbing business stay afloat and avoid financial ruin in the event of a lawsuit. These policies will also help plumbers stay compliant with any regulations pertaining to their industry. Having one of these policies will also allow plumbers to stay licensed and bonded as well.
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