As a plumber in Rhode Island, having proper insurance coverage is essential for protecting your business, meeting state requirements, and securing contracts. This comprehensive guide breaks down the key insurance types Rhode Island plumbers need, with costs based on our analysis of actual quotes from leading carriers.

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General Liability Insurance for Rhode Island Plumbers

Based on analysis of over 900 plumber quotes, here are the typical costs for Rhode Island plumbers:

RevenueAverage Premium% of RevenueFavorable RatePotential Savings
$150K$8,5005.7%$6,30026%
$500K$20,7004.1%$16,60020%
$1M$41,8004.2%$27,80033%

Premium assumptions:

  • Clean claims history (5+ years)
  • Standard $1M/$2M coverage limits
  • Mixed residential/commercial work
  • ~10% subcontractor costs

Worker’s Compensation Insurance for Rhode Island Plumbers

Worker’s compensation is mandatory for Rhode Island plumbers with employees. Key data points:

  • Average cost per plumber employee: $12,530
  • Cost per $100K in payroll: $4,100
  • Uses plumbing classification code 5183

Factors affecting premiums:

  • Payroll size
  • Claims history
  • Safety programs
  • Experience modifier rating

Additional Business Insurance for Plumbers in Rhode Island

1. Commercial Auto Insurance

  • Annual cost: $1,500-$3,050 per vehicle
  • Standard limits: $100K per person, $300K per accident
  • Higher limits recommended ($500K-$1M)

2. Tools & Equipment Coverage

  • Annual premiums: $200-$2,000
  • Policy limits: $5,000-$15,000+
  • Per-item limit typically $5,000

3. Plumber Bonds

  • Bond amounts: $5,000-$25,000
  • Premium: 1-3% of bond amount
  • Rates vary by credit score

4. Commercial Property Insurance

  • Annual cost: $1,000-$5,000
  • Protects buildings, tools, inventory
  • Based on property value and location

5. Business Owner’s Policy

  • Bundles general liability and property coverage
  • Lower premiums than separate policies
  • Less flexibility in coverage options

Get Rhode Island Plumber Liability with ContractorNerd

ContractorNerd makes plumber insurance simple and data-driven through:

  • Multiple competitive quotes from leading carriers
  • Specialized knowledge of Rhode Island requirements
  • Streamlined application process
  • Expert guidance on coverage selection
  • Ongoing policy management support
  • Claims advocacy when needed

Clients typically save 20-50% on liability premiums through our carrier network. Contact us for tailored quotes for your plumbing business.