As a plumber in Mississippi, 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 Mississippi plumbers need, including costs based on our analysis of actual quotes from leading carriers.

Understand the basics of plumbing liability insurance coverage.

General Liability Insurance for Mississippi Plumbers

Based on our comprehensive analysis of plumbing insurance quotes, here are the typical costs for Mississippi plumbers:

Revenue SizeAverage Premium% of RevenueFavorable RatePotential Savings
$150K$7,5005.0%$4,30043%
$500K$20,7004.1%$11,90043%
$1M$42,3004.2%$19,90053%

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 Mississippi Plumbers

Worker’s compensation insurance is essential for Mississippi plumbing contractors with employees. Our analysis shows:

MetricCost
Premium per Employee$5,480
Cost per $100K Payroll$2,900

Key factors affecting premiums:

  • Employee classification (primarily Code 5183 for plumbers)
  • Total annual payroll
  • Claims history and safety programs
  • Experience modifier rating (EMR)

Additional Business Insurance for Plumbers in Mississippi

1. Tools & Equipment Coverage

  • Annual premiums: $200-$2,000
  • Policy limits: $5,000-$15,000+
  • Covers theft, damage, and loss during transit
  • Per-item limits typically $5,000

2. Commercial Auto Insurance

  • $1,500-$3,050 per vehicle annually
  • Standard limits: $100K per person, $300K per accident
  • Higher limits recommended ($500K-$1M)
  • Covers business-use vehicles

3. Plumber Bonds

Bond AmountExcellent CreditGood CreditBad Credit
$5,000$100-$150$150-$200$200-$400
$10,000$100-$300$300-$500$500-$1,000
$15,000$150-$400$400-$750$750-$1,500

4. Commercial Property Insurance

  • Annual premiums: $1,000-$5,000
  • Based on property value and location
  • Covers buildings, tools, and equipment
  • Protection against fire, theft, and weather damage

5. Contractor’s E&O Insurance

  • Annual premiums: $50-$500
  • Policy limits: $10,000-$1M+
  • Covers professional negligence claims
  • Includes legal defense costs

Get Mississippi 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 support

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 state regulations

Contact ContractorNerd today for tailored quotes and expert guidance on your plumbing insurance needs.