As a plumber in South Carolina, 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 South Carolina plumbers need, including costs based on our analysis of actual quotes from leading carriers.
Learn how plumber insurance protection safeguards your business.
General Liability Insurance for South Carolina Plumbers
Based on our analysis of over 900 plumber quotes, here are typical costs for South Carolina plumbers:
| Revenue | Average Premium | % of Revenue | Favorable Rate | Potential Savings |
|---|---|---|---|---|
| $150K | $13,800 | 9.2% | $6,400 | 54% |
| $500K | $46,600 | 9.3% | $40,300 | 14% |
| $1M | $98,300 | 9.8% | $80,200 | 18% |
Premiums assume:
- Clean claims history (5+ years)
- Standard $1M/$2M limits
- Mix of residential/commercial work
- ~10% subcontractor usage
Worker’s Compensation Insurance for South Carolina Plumbers
Worker’s compensation is mandatory for South Carolina plumbers with employees. Based on our data:
- Cost per plumber employee: $7,700 annually
- Cost per $100K payroll: $3,200
Key factors affecting premiums:
- Job classification codes (primarily 5183 for plumbers)
- Annual payroll
- Claims history
- Safety programs
- Experience modifier rating
Additional Business Insurance for Plumbers in South Carolina
1. Commercial Auto Insurance
- Annual cost: $1,500-$3,050 per vehicle
- Standard limits: $100K per person, $300K per accident
- Covers business vehicles and liability from accidents
2. Tools & Equipment Coverage
- Annual cost: $200-$2,000
- Policy limits: $5,000-$15,000+
- Per-item limit typically $5,000
3. Plumber License Bonds
- Required bond amount: $5,000-$25,000
- Premium: 1-3% of bond amount based on credit
- Guarantees work quality and licensing compliance
4. Commercial Property Insurance
- Annual cost: $1,000-$5,000
- Protects buildings, tools, equipment, inventory
- Coverage based on property value and location risks
5. Contractor’s E&O Insurance
- Annual cost: $50-$500
- Covers business mistakes and negligence claims
- Policy limits: $10,000-$1M+
Get South Carolina Plumber Liability with ContractorNerd
ContractorNerd specializes in plumber insurance solutions:
- Data-driven quotes from leading carriers
- Side-by-side coverage comparisons
- Streamlined application process
- Ongoing policy management
- Claims advocacy support
- South Carolina-specific expertise
Contact us for tailored quotes and guidance on optimizing your plumbing business coverage.