FAQ_category: (HIDDEN) Industry FAQs

On average, plumbing business owners pay between $500-$1200 a year for protection.   

Cost can vary depending on your: 

• Location 

• Size 

• Value of Equipment and Tools 

Gild will work with you to find the right tailored coverage that fits your budget and your needs. 

In many cases, yes! 

• State licensing boards often require proof of general liability insurance. 

• Clients—especially commercial or institutional ones—frequently mandate coverage before permitting work. 

• Permit or contract specifications may explicitly list insurance requirements at set limits. 

Even if not mandated, carrying liability coverage builds credibility and saves you from personal financial exposure. 

Plumbers should consider the following essential coverages: 

• General Liability Insurance – protects against third‑party bodily injury or property damage (e.g., water leaks or customer slips). 

• Workers’ Compensation – required if you employ team members; covers expenses from jobsite accidents like cuts, burns, or falls. 

• Commercial Auto Insurance – necessary when using vehicles to transport tools or materials. 

• Tools & Equipment Coverage (Inland Marine) – protects your plumbing tools and equipment during transport or on-site use. 

• Professional Liability (E & O) – may be needed if your advice or design service causes a customer financial harm. 

• Business Owners Policy (BOP) – combines general liability, property coverage, and business interruption into one affordable package. 

Without these, even routine work can expose your business to costly risks. 

Yes! Tools & Equipment coverage (Inland Marine) specifically handles loss or damage risks: 

• Theft from a parked van or jobsite. 

• Damage during transport or use onsite. 

• Accidental drop damage or weather-related losses. 

If tools are your livelihood, insuring them means one unexpected incident won’t stop all your work. 

It depends on your local regulations and clients: 

• Legal mandates vary by state, but many require licensing and insurance for contractors. 

• Clients, general contractors, or institutions may require proof of liability or workers’ comp before hiring. 

• Even if not legally required, major project contracts or subcontract work often demand coverage. 

Having insurance signals professionalism and opens doors to more opportunities.