What is Plumbing Insurance?
The work plumbers do leaves them exposed to a variety of risks, including liability, property and other perils. Plumbing insurance policies help protect Massachusetts plumbers from many covered risks that they face.
Plumbing insurance policies are commercial insurance policies that have been uniquely crafted to meet the needs of plumbers. In order to provide many protections, most policies come as package commercial policies that have multiple individual coverages within them.
What Massachusetts Businesses Need a Plumbers Insurance Policy?
Broadly speaking, the vast majority of businesses and individuals that provide plumbing services in Massachusetts ought to carry a plumbers insurance policy. This generally includes both residential and commercial plumbers, and is usually true irrespective of how large or small a business may be. Few entities and people in this line of work are free from risk, and a plumbers policy is normally the best way to protect against the risks that come with this line of work.
Moreover, plumbers shouldn’t mistake legal business structures’ protections with the what insurance policies offer. While forming a corporation or partnership may offer some protections, the protections that insurance policies provide are normally different from those that incorporating affords.
In some cases, businesses that deal with plumbing-related issues while also offering other services might need the same protections as plumbers. Septic tank installers, home builders, kitchen remodelers, general contractors and pipe fitters, for instance, might benefit from having a plumbing policies’ coverages.
Whether these businesses should purchase a traditional plumbers insurance policy or another type of commercial policy, however, depends on their particular situation. An insurance agent who’s familiar with plumbers policies can help sort through a business’ specific risk exposures and make an informed recommendation as to what type of policy that business should have.