As a plumber in Oklahoma, protecting your business with proper insurance coverage is crucial for long-term success and compliance with state regulations. Whether you’re a solo plumber or manage a larger plumbing company, understanding your insurance options and costs is essential. This guide breaks down the key coverages and typical premiums based on our analysis of actual quotes from leading carriers serving Oklahoma plumbing contractors.
Discover important details about plumber insurance requirements.
General Liability Insurance for Oklahoma Plumbers
Based on analysis of over 900 plumber quotes from leading carriers, here are typical costs for Oklahoma plumbers:
| Revenue | Average Premium | % of Revenue | Favorable Rate | Potential Savings |
|---|---|---|---|---|
| $150K | $5,200 | 3.5% | $4,100 | 21% |
| $500K | $15,900 | 3.2% | $13,000 | 18% |
| $1M | $31,200 | 3.1% | $29,700 | 5% |
These rates assume:
- Clean claims history (5+ years)
- Standard $1M/$2M coverage limits
- Mix of residential/commercial work
- ~10% subcontractor costs
Key coverage includes:
- Property damage during work
- Bodily injury to third parties
- Products and completed operations
- Damage to rental properties
- Medical payments
Worker’s Compensation Insurance for Oklahoma Plumbers
Worker’s compensation is required for Oklahoma plumbers with employees. Based on our analysis:
- Average cost per plumber employee: $6,550
- Cost per $100K payroll: $3,100
- Uses classification code 5183 for plumbers
- Moderate rates compared to national average
Key factors affecting premiums:
- Number of employees
- Total annual payroll
- Claims history
- Safety programs
- Experience modifier rating
Additional Business Insurance for Plumbers in Oklahoma
1. Commercial Auto Insurance
- $1,500-$3,050 per vehicle annually
- Required for business-owned vehicles
- Standard limits: $100K/$300K/$100K
2. Tools & Equipment Coverage
- $200-$2,000 annually
- Coverage limits: $5,000-$15,000+
- Protects both owned and rented equipment
3. Plumber’s License Bond
- Required amount: $5,000
- Premium: 1-3% of bond amount
- Cost varies by credit rating:
- Excellent credit: $100-$150
- Good credit: $150-$200
- Poor credit: $200-$400
4. Commercial Property Insurance
- Protects buildings, tools, equipment
- $1,000-$5,000 annually
- Based on property value and location
5. Business Owner’s Policy (BOP)
- Combines general liability and property coverage
- Often more cost-effective than separate policies
- Available for smaller plumbing operations
Get Oklahoma Plumber Liability with ContractorNerd
ContractorNerd specializes in data-driven insurance solutions for Oklahoma plumbers:
- Instant online quotes from top carriers
- Side-by-side coverage comparisons
- Plumbing industry expertise
- Streamlined application process
- Ongoing policy management
- Claims advocacy support
Our specialists help:
- Optimize coverage for your specific risks
- Find competitive rates
- Bundle policies for savings
- Ensure compliance with state regulations
Contact us today for customized quotes for your plumbing business.