If you are a plumber, you will need to purchase plumber insurance which will protect you from financial loss resulting from any action taken by a third party for the damage he has suffered due to your work.
There are plumbers who install plumbing in new buildings before any finish work is over. In case, any of the water lines leak once the finish work has started, claims can be made against you by third parties because of the damage you have indirectly caused to the water lines. To avoid paying a high compensation for this damage, it is best to go for plumber insurance. This policy will help you prevent a shutdown of your business as well.
Coverage Offered by Plumber Insurance
The following coverages are provided by this insurance policy.
Public liability insurance: This coverage protects you against claims made by the public who have been injured or whose properties have been damaged due to your plumbing work. It is extremely essential to apply for this coverage if you are a self-employed plumber.
Employers’ liability coverage: Whether you have permanent or temporary staff, you should apply for this coverage, as it is mandatory to do so (according to the law).
Plumbers’ liability insurance: This coverage includes the following components.
Van insurance: A van is an essential requirement for any plumber, as he needs to carry a huge load of equipments when he goes out for plumbing work. So, he needs to purchase van insurance. However, being a plumber, you will get this policy for commercial purposes only.
Plumber’s equipments and tools: If your tools and equipments are stolen or have suffered damage, then you can buy another set of tools with this policy coverage.
Legal expenses: You may need to defend yourself if any legal action is taken by a third party against the damage you may have caused to them due to your plumbing work. The legal expenses are paid through your liability policy.
Accident coverage: This policy compensates the loss you incur when you are unable to work as a plumber due to an accident.
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