Every trade is important, but they don’t all have the same coverage requirement when it comes to insurance. Some fields, like plumbing work, may require specialised coverage against industry-specific risks. Whether you’re fixing a leaking pipe, installing a water heater, or working on a major renovation project, Plumbers Insurance can provide much-needed coverage that general trades insurance may not include.
In this article, we will explore the common risks faced by plumbers and the types of coverage you should consider, including:
- Risk of property damage
- Damage to equipment and tools
- Personal injuries
- Third-party claims
- Vehicle repair and replacement
Risk of property damage
Mistakes can happen even to the most careful plumber from a misconnected pipe or a burst valve. And when you’re working in clients’ homes or offices and dealing with water systems, even a simple error can lead to significant damage like flooding, and costly repairs.
This is why investing in Plumbers Insurance is important for your business’ success. It can help reduce the financial strain from property damage claims and ensure you’re covered for repair expenses so you can bounce back quicker.
Damage to equipment & tools
The tools you use can be expensive and need protection too. Damage, theft, or loss can disrupt your business and further strain your finances. To minimise delays and hefty tool costs, include Equipment Cover in your policy.
Keeping an accurate list of your tools can simplify the insurance process, making it easier to ensure you’re properly covered. So regularly reviewing and updating your inventory is highly recommended.
Personal injuries
Plumbers often work with hazardous materials like sewage, gas lines, mould, or asbestos, increasing your exposure to health and environmental risks. Common injuries include:
- Eye injuries
- Electric shock and electrocution
- Hearing damage/loss
- Heat and cold injuries
- Muscle strains
- Slipping and tripping
A serious injury means medical bills, missed work, and more stress. Your body is your most important “tool,” and it deserves all the protection available. Get Personal Accident & Sickness Insurance to manage expenses in cases of injuries so you can focus on recovery.
Your policy may vary in terms of covered incidents. To ensure you’re fully covered, it’s recommended that you have a policy review with a professional.
Check out these 5 steps to reviewing your insurance. You can reach out to East West Insurance Brokers for help.
Third-party claims
Most states require Public Liability for plumbers, and for good reasons. Plumbers often work with other professionals, increasing the risk of accidental damage or injury. If your work inadvertently damages another worker’s tools and belongings, you could be liable for repair or replacement costs.
Additionally, exposure to water systems and using heavy tools can create hazards that might lead to injuries for clients and other people you work with. Public Liability Insurance can provide extra security for your plumbing business by covering claims or third-party property damage and injuries.
Vehicle repair and replacement
Plumbers rely on their vehicles to reach job sites and transport tools, making a suitable vehicle essential. Damage to your vehicle can disrupt work and lead to more unexpected costs, which is why Commercial Motor Insurance is important for managing vehicle-related expenses.
Remember that when filing a claim, vans or utility vehicles may not automatically be replaced with identical vehicles. Features like roofing or interior racking might not be covered under a standard policy.
Avoid potential coverage gaps by providing a complete list of your vehicle’s modifications and accessories and verify your coverage with your insurer.
Why Plumbers Insurance matters
Investing in Plumbers Insurance is more than just compliance—it’s about safeguarding your livelihood. Plumbing work involves a unique blend of skills, tools, and risks. You need to be prepared.
Learn more about how to protect your business and explore more options with East West Insurance Brokers. Our team of insurance experts can assist you in finding coverage that suits your needs so you can work confidently and securely.
Reach out today for a free quote and take the next step toward securing your business!
