As a plumber in Connecticut, 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 Connecticut plumbers need, including costs based on our analysis of actual quotes from leading carriers.
Review our guide to plumber business insurance and protect your company.
General Liability Insurance for Connecticut Plumbers
Based on our analysis of over 900 plumber quotes from leading carriers, here are the typical costs for Connecticut plumbers:
Average Annual Premiums by Revenue Size
| Revenue Size | Average Premium | % of Revenue | Favorable Rate | Potential Savings |
|---|---|---|---|---|
| $150K | $7,500 | 5.0% | $5,700 | 24% |
| $500K | $20,500 | 4.1% | $16,400 | 20% |
| $1M | $47,300 | 4.7% | $34,300 | 27% |
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
Worker’s Compensation Insurance for Connecticut Plumbers
Worker’s compensation insurance is mandatory for Connecticut plumbers with employees. Based on our analysis:
| Metric | Cost |
|---|---|
| Premium per Employee | $12,930 |
| Premium per $100K Payroll | $4,300 |
Key factors affecting premiums:
- Job classification (Code 5183 for plumbers)
- Total annual payroll
- Claims history
- Safety programs
- Experience modifier rating (EMR)
Additional Business Insurance for Plumbers in Connecticut
1. Commercial Auto Insurance
- Annual cost: $1,500-$3,050 per vehicle
- Required for business-owned vehicles
- Standard limits: $100K per person, $300K per accident, $100K property damage
2. Tools & Equipment Coverage
- Annual premiums: $200-$2,000
- Policy limits: $5,000-$15,000+
- Per-item limits typically $5,000
3. Plumber’s Bond
- Bond amounts: $5,000-$25,000
- Premium: 1-3% of bond amount
- Rates vary by credit score:
- Excellent credit: $100-$500
- Good credit: $300-$1,200
- Poor credit: $500-$2,500
4. Commercial Property Insurance
- Protects buildings, tools, equipment, inventory
- Annual premiums: $1,000-$5,000
- Coverage based on property value and location
5. Contractor’s E&O Insurance
- Annual premiums: $50-$500
- Policy limits: $10,000-$1M+
- Covers professional negligence claims
Get Connecticut Plumber Liability with ContractorNerd
ContractorNerd makes plumbers insurance simple and data-driven through:
- Instant online quotes from top-rated carriers
- Side-by-side coverage comparisons
- Plumber-specific expertise
- Streamlined application process
- Ongoing policy management
- Claims advocacy when needed
Our team of plumbing insurance specialists helps you:
- Optimize coverage levels for your specific risks
- Find competitive rates through our carrier network
- Bundle policies for additional savings
- Ensure compliance with Connecticut regulations
Contact ContractorNerd today for tailored quotes for your Connecticut plumbing business.