As a plumber in Montana, having proper insurance coverage is essential for protecting your business, meeting state requirements, and securing contracts. This comprehensive guide breaks down the insurance coverages Montana plumbers need, with costs based on our analysis of actual quotes from leading carriers in 2024. We’ve analyzed over 900 plumbers insurance quotes to provide accurate, data-driven insights for your business.
Find detailed resources about plumbing business coverage options.
General Liability Insurance for Montana Plumbers
Based on our analysis of over 900 quotes from leading carriers, here are the typical costs for Montana plumbers:
Average Annual Premiums and Revenue Percentages
| Revenue Size | Average Premium | % of Revenue | Favorable Rate | Potential Savings |
|---|---|---|---|---|
| $150K | $8,000 | 5.3% | $5,400 | 33% |
| $500K | $24,700 | 4.9% | $11,300 | 54% |
| $1M | $51,400 | 5.1% | $27,000 | 47% |
These premiums assume:
- Clean claims history (5+ years without incidents)
- Standard $1M/$2M coverage limits
- Mix of residential and commercial plumbing work
- Approximately 10% subcontractor costs
Worker’s Compensation Insurance for Montana Plumbers
Worker’s compensation insurance is mandatory for Montana plumbers with employees. Based on our analysis:
Typical Costs
- Average cost per employee: $9,510 annually
- Cost per $100K in payroll: $4,000
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 Montana
1. Commercial Auto Insurance
- Annual premiums: $1,500-$3,050 per vehicle
- Standard limits: $100K per person, $300K per accident, $100K property damage
- Higher limits recommended ($500K-$1M)
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 (1-3% of bond amount):
- Excellent credit: $100-$500
- Good credit: $300-$1,200
- Poor credit: $500-$2,500
4. Commercial Property Insurance
- Annual premiums: $1,000-$5,000
- Coverage for:
- Buildings
- Tools and equipment
- Inventory
- Business interruption
5. Contractor’s E&O Insurance
- Annual premiums: $50-$500
- Policy limits: $10,000-$1M+
- Covers professional negligence claims
Get Montana Plumber Liability with ContractorNerd
ContractorNerd makes plumbers insurance simple and data-driven through:
- Instant online quotes from leading carriers
- Side-by-side coverage comparisons
- Plumbing-specific expertise
- Streamlined application process
- Ongoing policy management
- Claims advocacy
Our team of plumbing insurance specialists helps you:
- Optimize coverage levels based on your specific risks
- Find competitive rates through our carrier network
- Bundle policies for additional savings
- Ensure compliance with Montana regulations
For tailored quotes for your Montana plumbing business, visit our online quote tool or speak with one of our plumbing insurance specialists today.