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People hire you for welding jobs because they do not have the right equipment and skills necessary for joining metal parts through extreme heat. But beyond that, they’re also likely worried about the inherent dangers of working with welding tools and equipment, especially if they’re not sure what safety precautions they’d need to take. And it turns out that just one of the precautions that professional welders take is having an insurance policy that has the right coverage. Check out what kind of protection you need from your welder insurance policy, and then contact us for an estimate.
What Type Of Insurance Welders Need
The best welder insurance policy offers several kinds of protection to you, your employees, and anyone who might end up at your worksite. If you’re not sure what kind of coverage you need as a welder, here’s an overview:
- General Liability
- Tools Coverage
- Auto Insurance
- Surety Bond
These are just the most common types of coverage you can get as a welder. Adding these and more to your welder insurance policy will provide as much protection as possible during your workday.
How Much Is Welder Insurance?
As you start looking for welder insurance, you’ll likely begin wondering what kind of prices you’ll pay for coverage. The following estimates should give you an idea of what to budget for:
- General Liability Insurance for a Welder starts at $875 per year.
- Tools Coverage for a Welder starts at $400 each year for $10,000 in tool inventory.
- Auto Liability Insurance for a Welder starts at $950 each year in order to insure a pickup truck.
How To Get Welder Insurance
Before you can get an accurate estimate on welder insurance, you’ll need to let us know where you’re located and what coverage you want to add to your policy. You can take a look at our website to learn more about the coverage we offer welders.
Welder Liability Insurance Explained
If you have a welding workshop where you keep all your equipment—and do most of your work—you need the right coverage to keep it safe. When you have general liability as part of your policy, you can rest assured that any office or workshop you’re renting for work will be covered in case of damage.
Liability also pays for the legal bills if you’re ever accused of releasing advertisements that are considered slanderous, libelous, or in violation of copyright law.
In addition, general liability will pay for medical bills if a customer comes by your workshop and gets hurt. Whether he or she touches your welding equipment and ends up injured, or just trips over a cord in your workshop, your general liability coverage will pay for any bills from the hospital, doctor, or physical therapist. This way, you don’t have to worry about paying for these bills yourself. Similarly, general liability covers any repairs necessary if you damage any property with your welding services.
Welder Tools Coverage
Welding isn’t possible without the use of specific equipment, such as a welding machine, angle grinder, and welding mask. If any of these items were misplaced or stolen, you likely wouldn’t be able to work until you replaced them all. And that could cost a lot of money. If you don’t want to be stuck paying to replace stolen or lost gear, you need tools and equipment coverage for your welder insurance policy. This coverage is meant to help you replace welding equipment and tools, whether you owned them or were renting them for work.
Welder Auto Insurance
Any time you have to travel for your welding job, there’s a risk of getting into a car accident. And if you’re traveling just for your business, your personal car insurance coverage won’t apply to any car accidents you cause. This is why you need welder auto insurance. This part of your welder insurance policy will pay for the medical bills of anyone who is hurt in the accident, and it will pay for car repairs after the accident, as well.
Most industries that involve people paying for services require—or at least recommend—the business to get a surety bond before any job starts. A surety bond signifies that you’re committed to finishing the job you’re being paid to do, which can ensure your customers know they’re protected. The following are some of the most common bonds welders should consider:
- Contractor’s License Bond
- Contract Bond
- Performance Bond
- Janitorial Bond
- Dishonesty Bond
- ERISA Bond (For Directors and Officers)
- Bid Bond
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