Plumbing Contractor Insurance Long Beach California
Are you looking for Plumbing Contractor Insurance, you have come to the right place.
We specialize in insurance for plumbing contractors.
Depending if you specialize in residential plumbing, commercial plumbing, or industrial plumbing, can impact which plumbing contractor insurance company is willing to offer coverage.
You may specialize in all three of these industries, which can further impact you insurance options.
Plumbing Contractor Insurance Outlook
We are really excited for our clients who are in the plumbing industry. 2020 has brought an even softer workers’ compensation insurance market for our plumbing contractors, that has continued to drive down workers’ compensation insurance premium to record lows.
A few years ago a small plumbing contractor with a couple employees were spending close to $11,000 on average for their plumbing contractor workers’ compensation insurance premiums.
We recently helped one of our clients located in Long Beach, CA reduce their premiums from $10,800 down to $6,500.
Yes we did make some additional changes to their workers’ comp policy such as adding a new class code for one of their higher wage earners. If we had not made that change this Plumbing Contractor would have seen premiums around $8,000. Either way we saved them a bundle.
We reached out to a few other Plumbing contractors here in the Long Beach area and they are also seeing some great savings that are very similar to our client’s.
One of these plumbing contractors was spending $8,700 annually and we were able to get their workers’ compensation insurance premium down to $7,878. Clearly this company was with a more competitive insurance carrier, but even at that we saved them nearly 10% which is great news.
Workers' Compensation Insurance For Plumbing Contractors
One of the most expensive insurance you pay for is your workers’ compensation insurance. It is important for your employees to have the needed insurance protection, in the event they are injured on the job.
The state of California requires employers who have one employee, to carry workers’ compensation insurance.
Workers compensation insurance protects your employees, in case of injury or disease during the course of employment. Insurance policies can provide coverage for:
- Medical expenses
- Lost income/wages
- Rehabilitation costs
- Death benefits
- And more
Plumbing contractor insurance coverage limit, for workers’ compensation coverage in the state of California is $1,000,000. This is a statutory limit required by the state. This means the coverage is the exact same no matter which insurance company is providing the needed coverage.
It is important to be insured with a insurance company that is prompted at paying their claims. The sooner an injured employee can get back to work and obtain the needed medical treatment, the better it is for all parties involved.
Liability Insurance For Plumbing Contractors
Your customers want to know they are financially protected in the event of an accident, caused by something you or your employees did. General Liability Insurance provides coverage to third party losses.
This means, if your company accidentally causes a fire to someone’s home, your liability policy will provide the needed plumbing contractor insurance coverage for a covered cause of loss.
It is important to carry adequate plumbing contractor insurance limits, to provide the needed protection for both your company and the clients you help.
Because contractors go into and under peoples homes, there is no telling the types of situations you can find yourself in court.
Additional Plumbing Contractor Insurance Coverages to Consider:
- Contractor Equipment Coverage
- Employment Practice Liability Coverage
- Cyber Liability
- Umbrella Policy
- Business Auto Insurance
- Group Health Insurance
Plumbing Contractor Insurance Agent
Integrity Now insurance brokers is centrally located in Long Beach California. We are here to help your plumbing contractors business with all of your insurance needs.
If you are in the Los Angeles, or Orange County area and you operate a plumbing business, give us a call and let us save you money on your workers’ compensation insurance.
Every dollar you are not spending on insurance is money you can use for you and your family.