As a plumber in Arkansas, having proper insurance coverage is crucial for protecting your business, meeting state requirements, and securing contracts. This comprehensive guide breaks down the essential insurance coverages Arkansas plumbers need, including costs based on our analysis of actual quotes from leading carriers.
Get detailed information about plumber insurance coverage for your operations.
General Liability Insurance for Arkansas Plumbers
Based on our analysis of actual quotes from leading carriers, here are the typical general liability insurance costs for Arkansas plumbing contractors:
Average Annual Premiums and Potential Savings
| Revenue Size | Average Premium | % of Revenue | Favorable Rate | Potential Savings |
|---|---|---|---|---|
| $150K | $5,600 | 3.7% | $4,600 | 18% |
| $500K | $22,600 | 4.5% | $15,700 | 31% |
| $1M | $34,300 | 3.4% | $23,200 | 32% |
These premiums assume:
- Clean claims history (5+ years without incidents)
- Standard $1M/$2M coverage limits
- Mix of residential and commercial work
- Approximately 10% subcontractor costs
Workers’ Compensation Insurance for Arkansas Plumbers
Workers’ compensation insurance is required for Arkansas plumbing contractors with employees. Based on our analysis:
Cost Per Employee
- Average annual premium per plumber: $3,680
Cost Per Payroll
- Average rate per $100K payroll: $1,900
Key factors affecting premiums:
- Job classification (Code 5183 for plumbers)
- Total annual payroll
- Claims history and safety programs
- Experience modifier rating (EMR)
Additional Business Insurance for Plumbers in Arkansas
1. Commercial Auto Insurance
- Annual cost: $1,500-$3,050 per vehicle
- Standard limits: $100K per person, $300K per accident
- Higher limits available: $500K-$1M for expanded protection
2. Tools & Equipment Coverage
- Premium range: $200-$2,000 annually
- Coverage limits: $5,000-$15,000+
- Per-item limits typically $5,000
3. Contractors’ E&O Insurance
- Annual premiums: $50-$500
- Coverage limits: $10,000-$1M+
- Protects against claims of faulty work
4. Plumber Bonds
- Bond amounts: $5,000-$25,000
- Premium: 1-3% of bond amount
- Rates vary by credit score:
- Excellent credit: $100-$500
- Good credit: $150-$1,000
- Poor credit: $200-$2,500
5. Commercial Property Insurance
- Annual premiums: $1,000-$5,000
- Coverage based on:
- Property value
- Location risks
- Building construction type
Get Arkansas Plumber Liability with ContractorNerd
ContractorNerd makes plumbing insurance simple and data-driven through:
- Specialized knowledge of Arkansas plumbing industry requirements
- Network of top-rated insurance carriers
- Advanced quote comparison technology
- Streamlined application process
- Dedicated plumbing insurance specialists
- Ongoing policy management support
Our team helps you:
- Find optimal coverage levels
- Compare competitive rates
- Bundle policies for savings
- Ensure regulatory compliance
- Manage certificates of insurance
- Handle claims advocacy
Contact ContractorNerd today for customized quotes tailored to your Arkansas plumbing business.