As a plumber in Oregon, having proper insurance coverage is crucial for protecting your business, meeting state requirements, and securing contracts. This comprehensive guide breaks down essential insurance coverages Oregon plumbers need, including costs based on our analysis of actual quotes from leading carriers.
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General Liability Insurance for Oregon Plumbers
Based on analysis of over 900 plumber quotes from leading carriers, here are typical Oregon plumber liability insurance costs:
Revenue | Average Premium | % of Revenue | Favorable Rate | Potential Savings |
---|---|---|---|---|
$150K | $8,900 | 5.9% | $3,800 | 57% |
$500K | $21,000 | 4.2% | $15,400 | 27% |
$1M | $44,400 | 4.4% | $26,900 | 39% |
Premiums assume:
- Clean claims history (5+ years)
- Standard $1M/$2M limits
- Mix of residential/commercial work
- ~10% subcontractor costs
Worker’s Compensation Insurance for Oregon Plumbers
Workers’ compensation is mandatory for Oregon plumbers with employees. Key data points:
- Average cost per plumber employee: $5,440 annually
- Cost per $100K of payroll: $2,200
- Uses classification code 5183 for plumbers
- One of the lowest WC rates nationally
Key factors affecting premiums:
- Payroll size
- Claims history
- Safety programs
- Experience modifier
Additional Business Insurance for Plumbers in Oregon
1. Commercial Auto Insurance
- $1,500-$3,050 per vehicle annually
- Standard limits: $100K/$300K/$100K
- Higher limits recommended ($500K-$1M)
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
4. Contractor’s E&O Insurance
- Protects against faulty workmanship claims
- Annual premiums: $50-$500
- Coverage limits: $10,000-$1M+
5. Commercial Property Insurance
- For warehouses/storage facilities
- Annual premiums: $1,000-$5,000
- Based on property value/location
Get Oregon Plumber Liability with ContractorNerd
ContractorNerd makes plumber insurance simple and data-driven through:
- Instant online quotes from top carriers
- Side-by-side coverage comparisons
- Plumber-specific expertise
- Streamlined application process
- Ongoing policy management
- Claims advocacy support
Our specialists help:
- Optimize coverage levels
- Find competitive rates
- Bundle policies for savings
- Ensure compliance with Oregon regulations
Get started with tailored quotes through our online platform or speak with a plumber insurance specialist today.