What is Plumbing Insurance?
Working as a plumber can be a rewarding career, but this field of work comes with some risks. For example, plumbers can have equipment stolen, be involved in car accidents or be the subject of a liability lawsuit, and these are just a few of the perils they often face. Plumbing insurance doesn’t stop incidents like these from happening, but it can help plumbers in Massachusetts financially protect themselves when something bad does occur.
Plumbing insurance policies are specialized commercial policies that have been developed to meet the unique needs of plumbers and their businesses. In order to provide robust protections, most of these policies come as package policies that bundle multiple protections together.
What Massachusetts Businesses Need a Plumbers Insurance Policy?
Broadly speaking, the majority of plumbers and plumbing businesses in Massachusetts ought to have a plumbers insurance policy in place. Not carrying a policy can leave businesses unnecessarily exposed to risks and possibly unable to recover from catastrophes that would otherwise be protected against.
A few specific examples of businesses that might want this type of insurance include:
- Commercial plumbers
- Residential plumbers
- Self-employed plumbers
- HVAC companies that offer plumbing services
Moreover, plumbers normally need an insurance policy regardless of how their business is structured. While sole proprietorships, limited liability corporations and other business structures might offer varying levels of legal protection, any protections that these entities afford are usually different from the protections provided by an insurance policy.