If you own a plumbing business, having the proper insurance coverage is essential. Without insurance coverage, you may find yourself facing financial losses because of equipment damage, expensive lawsuits or other unexpected issues. Fortunately, with the right plumbing business insurance, you can rest easy knowing your business is always protected.
Plumbing businesses face unique risks that can be costly. For example, when you are on the job, you may accidentally damage your customer’s home or belongings while performing professional services. You may also fail to deliver services that meet the customer’s expectations, which can lead to claims filed against your company. In addition, you may suffer losses if your property or the equipment you use to run your business becomes damaged. Furthermore, when this property or equipment is damaged, you may be unable to continue operating your business, which leads to temporary income loss on top of the repair or replacement costs you already face.
If you own a plumbing business, you need adequate insurance coverage. Even if you feel like your business is too small to insure, you should still invest in a policy. Some plumbing business owners believe that businesses run out of the home and/or with no employees don’t require insurance, but failing to purchase coverage in these cases still puts you at significant risk.
To protect your business, you may need several different types of insurance to cover the different risks you face. The most common types of insurance purchased by plumbing business owners include:
If you have employees, you may also need to invest in worker’s compensation insurance. In addition, if you have one or more vehicles that you use to transport equipment while operating your business, you may need to purchase commercial vehicle insurance as well.
If you own a plumbing business, finding the insurance coverage you need can be complicated. However, an experienced insurance agent can review your coverage needs and help you find the policies that are best for you.
If you need to insure your plumbing business, please contact Zuma Insurance today to discuss your needs and/or to get a quote.