Plumbing Insurance

What is Plumbing Insurance?

Plumbing insurance is a specialised type of business insurance tailored to meet the specific needs of plumbers. This insurance covers various risks associated with plumbing work, including public liability, tools and equipment, and more.

Do Plumbers Need Insurance?

Yes, plumbers need insurance to protect against various risks associated with their work. Insurance provides financial protection and peace of mind, ensuring your business is covered against unforeseen events.

What Insurance Do Plumbers Need?

Plumbing insurance typically comprises several types of cover combined to create the best policy for your needs. These policies vary depending on the type of work you do and the size of your business.

Tools and Equipment Insurance

Protects your tools and equipment from theft, loss, or damage.

Why Do Plumbers Need Insurance?

As a plumber, you are aware of the potential risks that plumbing work can pose to both you and your clients. Accidents can happen, and when they do, the consequences can be severe. Plumbing insurance provides financial protection and peace of mind, ensuring your business is covered against unforeseen events.

Our Top Reasons to Consider Plumbing Insurance

Client Requirements: Many clients require proof of insurance before hiring a plumbing contractor.

Legal Protection: Coverage for legal costs and compensation claims if something goes wrong.

Business Continuity: Ensures your business can continue to operate smoothly, even in the face of accidents or equipment loss.

Key Coverages for Plumbers

Public Liability Insurance for Plumbers and Plumbing Companies

Public Liability Insurance offers protection if someone is injured or their property is damaged due to your work. This cover is crucial for plumbing contractors, providing financial protection against claims and legal fees.

With public liability insurance from ABA Insurance, you’ll get:

Up to £1 Million Protection: Covering claims for injury or property damage.

Legal Fees and Compensation: Includes solicitors’ fees, expert counsel, and compensation bills.

Optional Extras: Add cover for tools and equipment or legal expenses.

Professional Indemnity Insurance for Plumbers

If you provide professional advice or design services, Professional Indemnity Insurance is essential. This cover protects you against claims if something goes wrong after following your advice.

With ABA Insurance, you’ll get up to £1 million cover for professional indemnity.

Employers’ Liability Insurance for Plumbers

Employers’ Liability Insurance is legally required if you have staff. This cover protects you against claims from employees who suffer injury or illness due to their work.

With employers’ liability insurance from ABA Insurance, you’ll get:

£10 Million Cover: Protecting full-time and part-time employees, self-employed contractors, temporary staff, apprentices, and volunteers.

Tools and Equipment Insurance

Plumbing tools and equipment are vital for your work. Tools and Equipment Insurance from ABA Insurance protects your own or hired tools against accidental loss, theft, or damage.

With tools insurance, you’ll get:

Coverage for Own or Hired Tools: Includes business equipment like laptops and mobiles.

Protection for Accidental Loss, Theft, or Damage: Up to £2000 cover for any stock.

Additional Insurance Options for Plumbers

While public liability insurance is essential, consider these additional coverages to ensure comprehensive protection:

Business Interruption Insurance

If unforeseen circumstances prevent you from operating, this insurance compensates for lost profits while your business is out of action.

Van Insurance

Essential if you use a van for your business. Covers accidental injuries, vehicle damage, fire, and theft.

How Much Does Plumbing Insurance Cost?

The cost of your plumbing insurance policy depends on several factors, including:

Business Size: Annual turnover and number of employees.

Level of Cover: The amount of coverage you need.

Location: Higher-risk areas may result in higher premiums.

Claims History: Previous insurance claims can affect costs.

Type of Work: High-risk contracts or large-scale projects may increase premiums.

Factors Influencing the Cost of a Policy

Several factors influence the overall price of your plumbing insurance:

Work Location: Businesses in high-traffic areas or those interacting more frequently with the public are at higher risk.

Number of Staff: More employees increase the likelihood of claims.

Occupation Risks: Trades using complex or dangerous equipment are considered higher risk.

Types and Levels of Cover: More comprehensive coverages increase the policy cost.

Optional Extras: Adding extra coverages not included in the standard policy will affect the cost.

Do Self-Employed Plumbers Need Insurance?

Yes, all plumbers need insurance, whether self-employed or not. Learn more about self-employed insurance options on our website.

Is Professional Indemnity Insurance Necessary for All Plumbers?

If you provide professional advice or design services, then professional indemnity insurance is necessary.

Is Insurance a Legal Requirement for Plumbers?

While not all types of insurance are legally required, Employers’ Liability Insurance is mandatory if you have staff. Other coverages like public liability and professional indemnity are strongly recommended to protect your business.