As a plumber in Georgia, having proper insurance coverage is crucial for protecting your business and meeting state requirements. This comprehensive guide breaks down essential insurance coverages Georgia plumbers need, including costs based on our analysis of over 900 quotes from leading carriers.
Learn the fundamentals of plumbing contractor coverage in our detailed guide.
General Liability Insurance for Georgia Plumbers
General liability insurance protects your plumbing business from third-party claims of property damage and bodily injury. Here are the typical costs for Georgia plumbers based on our analysis:
Average Annual Premiums by Revenue Size
| Revenue Size | Average Premium | % of Revenue | Favorable Rate | Potential Savings |
|---|---|---|---|---|
| $150K | $5,340 | 3.6% | $4,750 | 11.0% |
| $500K | $16,380 | 3.3% | $15,170 | 7.4% |
| $1M | $26,550 | 2.7% | $3,540 | 86.7% |
These premiums assume:
- Clean claims history (5+ years without incidents)
- Standard $1M/$2M coverage limits
- Typical mix of residential and commercial work
- Approximately 10% subcontractor costs
Worker’s Compensation Insurance for Georgia Plumbers
Worker’s compensation insurance is mandatory for Georgia plumbers with 3 or more employees. Based on our research, Georgia plumbing companies typically pay:
- $9,000 per employee annually
- $3,800 per $100,000 of payroll
Key factors affecting premiums:
- Employee classification codes (primarily 5183 for plumbers)
- Annual payroll
- Claims history
- Safety programs
- Experience modifier rating (EMR)
Additional Business Insurance for Plumbers in Georgia
1. Commercial Auto Insurance
- Typical cost: $1,500-$3,050 per vehicle annually
- 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+
- Coverage follows equipment to all jobsites
3. Plumber’s Bond
- Required for certain municipalities
- Cost: 1-3% of bond amount
- Premium varies based on credit score and experience
4. Commercial Property Insurance
- Protects warehouses, offices, and storage facilities
- Annual premiums: $1,000-$5,000
- Coverage for fire, theft, vandalism, and natural disasters
5. Business Owner’s Policy (BOP)
- Bundles general liability and property coverage
- Often more cost-effective than separate policies
- Includes business interruption coverage
Get Georgia Plumber Liability with ContractorNerd
ContractorNerd specializes in making insurance simple and data-driven for Georgia plumbers. Our platform offers:
- Instant online quotes from top-rated carriers
- Side-by-side coverage comparisons
- Plumbing-specific expertise and guidance
- Streamlined application process
- Ongoing policy management support
- Claims advocacy when needed
Our team of plumbing insurance specialists understands Georgia’s unique requirements and can help you:
- Optimize coverage levels based on your specific risks
- Find competitive rates through our carrier network
- Bundle policies for additional savings
- Ensure compliance with state regulations
To get started with tailored quotes for your Georgia plumbing business, visit our online quote tool or speak with one of our plumbing insurance specialists today.