As a plumber in Missouri, 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 Missouri plumbers need, including costs based on our analysis of actual quotes from leading carriers.
Explore important aspects of plumber insurance solutions.
General Liability Insurance for Missouri Plumbers
Based on our analysis of over 900 plumber quotes from leading carriers, here are the typical general liability insurance costs for Missouri plumbers:
| Revenue Size | Average Premium | % of Revenue | Favorable Rate | Potential Savings |
|---|---|---|---|---|
| $150K | $5,400 | 3.6% | $3,700 | 31% |
| $500K | $14,200 | 2.8% | $6,600 | 54% |
| $1M | $27,700 | 2.8% | $14,500 | 48% |
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 Missouri Plumbers
Worker’s compensation insurance is required for Missouri plumbers with 5 or more employees. Based on our analysis, Missouri plumbing contractors typically pay:
| Metric | Cost |
|---|---|
| Per Employee | $10,120 annually |
| Per $100K Payroll | $4,200 |
Key factors affecting premiums:
- Employee classification codes (primarily 5183 for plumbers)
- Total annual payroll
- Claims history
- Safety programs
- Experience modifier rating (EMR)
Additional Business Insurance for Plumbers in Missouri
1. Commercial Auto Insurance
- Annual cost: $1,500-$3,050 per vehicle
- Standard limits: $100K per person/$300K per accident/$100K property damage
- Higher limits recommended ($500K-$1M) for comprehensive protection
2. Tools & Equipment Coverage (Inland Marine)
- 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 costs (based on credit):
- Excellent credit: 1-2% of bond amount
- Good credit: 2-3% of bond amount
- Poor credit: 3-5% of bond amount
4. Commercial Property Insurance
- Annual premiums: $1,000-$5,000
- Covers buildings, contents, tools, and equipment
- Protection against fire, theft, vandalism, and weather damage
5. Contractor’s E&O Insurance
- Annual premiums: $50-$500
- Policy limits: $10,000-$1M+
- Covers business mistakes and negligence claims
Get Missouri Plumber Liability with ContractorNerd
ContractorNerd specializes in making plumber insurance simple, efficient, and data-driven. Our platform offers:
- Instant online quotes from top-rated carriers
- Side-by-side coverage comparisons
- Plumber-specific expertise and guidance
- Streamlined application process
- Ongoing policy management
- Claims advocacy when needed
Our team of plumbing insurance specialists 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 Missouri regulations
Visit our online quote tool or speak with one of our plumbing insurance specialists today to get started with tailored quotes for your Missouri plumbing business.