Insurance for Plumbers & Plumbing Contractors

Business Owners Policy For Plumbing Contractors

A business owners insurance policy helps protect you from losses of physical and tangible business assets. You can tailor this coverage to fit your specific business needs. Examples of some of the types of protection a BOP will give you include:

• Equipment Breakdown – Some plumbing contractors use specialized equipment such as sewage pumps and motorized snakes. If this equipment breaks down your company will suffer from the loss of income and the cost to repair or replace the equipment.
• Buildings and Contents – Whether you run a retail plumbing store as part of your business or you simply keep your supplies in a store room, a BOP can protect you from the loss of the structures themselves and the tangible property you have inside.
• Business Income and Extra Expense – If your business structures are damaged in a storm you may find yourself unable to provide services to your customers. A BOP helps cover lost income and extra expenses that might arise due to temporary relocation needs.
• Products and Completed Operations (Included in General Liability) – If you sell a faulty product to your customers you could be held liable. Likewise, if work that you complete fails in some way your company could be liable as well.
• Electronic Data  – Whether you keep work orders digitally or you use special software to design the plumbing layout of a new construction project, losing these files could cost your business substantial amounts of money to replace or reconstruct.
• Valuable Papers Protection – If you hold physical copies of critical paperwork, such as the original blueprints to a new house, losing them to fire or flood could devastate your company financially.
• Employee Dishonesty Coverage – If your company is ever subjected to employee theft, fraud or other types of dishonesty, your BOP can help protect you from the losses.