As a plumber in Louisiana, 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 Louisiana plumbers need, including costs based on our analysis of actual quotes from leading carriers.
Explore the benefits of proper plumbing business liability coverage.
General Liability Insurance for Louisiana Plumbers
Based on our analysis of over 900 quotes from leading carriers, here are the typical liability insurance costs for Louisiana plumbers:
Revenue Size | Average Premium | % of Revenue | Favorable Rate | Potential Savings |
---|---|---|---|---|
$150K | $12,100 | 8.1% | $8,200 | 32% |
$500K | $41,800 | 8.4% | $18,200 | 56% |
$1M | $80,600 | 8.1% | $30,500 | 62% |
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 Louisiana Plumbers
Worker’s compensation insurance is mandatory for Louisiana plumbers with employees. Based on our analysis:
Metric | Cost |
---|---|
Average Cost per Employee | $9,430 |
Cost per $100K Payroll | $4,100 |
Key factors affecting premiums:
- Code 5183 (Plumbing)
- Total annual payroll
- Claims history
- Safety programs
- Experience modifier rating (EMR)
Additional Business Insurance for Plumbers in Louisiana
1. Commercial Auto Insurance
- Annual cost: $1,500-$3,050 per vehicle
- Standard limits: $100K per person, $300K per accident
- Higher limits ($500K-$1M) recommended
2. Tools & Equipment Coverage
- Annual premiums: $200-$2,000
- Policy limits: $5,000-$15,000+
- Per-item limits typically $5,000
3. 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-$1,200
- Poor credit: $200-$2,500
4. Contractor’s E&O Insurance
- Annual premiums: $50-$500
- Policy limits: $10,000-$1M+
- Covers professional negligence claims
5. Commercial Property Insurance
- Annual premiums: $1,000-$5,000
- Protects buildings, tools, equipment
- Coverage based on property value
Get Louisiana Plumber Liability with ContractorNerd
ContractorNerd specializes in making insurance simple and data-driven for Louisiana plumbers. Our platform offers:
- Instant online quotes from top-rated carriers
- Side-by-side coverage comparisons
- Plumbing industry expertise
- Streamlined application process
- Ongoing policy management
- Claims advocacy when needed
Our team of plumbing insurance specialists understands Louisiana’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 Louisiana plumbing business, visit our online quote tool or speak with one of our plumbing insurance specialists today.