As a plumber in Tennessee, securing proper insurance coverage is essential for protecting your business, meeting state requirements, and winning contracts. Our analysis of quotes from leading carriers shows that Tennessee plumbers typically pay lower premiums compared to national averages, though costs vary significantly based on business size and coverage needs.
Stop financial leaks in their tracks with proper plumbing industry insurance.
General Liability Insurance for Tennessee Plumbers
Based on our analysis of quotes from leading carriers, here are the typical costs for Tennessee plumbers:
| Revenue Size | Avg Premium | % of Revenue | Favorable Rate | Potential Savings |
|---|---|---|---|---|
| $150K | $6,500 | 4.3% | $3,800 | 42% |
| $500K | $18,100 | 3.6% | $7,000 | 61% |
| $1M | $35,500 | 3.6% | $15,300 | 57% |
These premiums assume:
- Clean claims history (5+ years)
- Standard $1M/$2M coverage limits
- Mix of residential/commercial work
- 10% subcontractor costs
Key coverages include:
- Property damage during work
- Bodily injury to third parties
- Products and completed operations
- Personal and advertising injury
Worker’s Compensation Insurance for Tennessee Plumbers
Workers’ compensation costs for Tennessee plumbers average:
- $4,110 per employee annually
- $2,100 per $100K of payroll
Key factors affecting premiums:
- Job classification (Code 5183 for plumbers)
- Total payroll
- Claims history
- Safety programs and training
- Experience modification rating
Additional Business Insurance for Plumbers in Tennessee
1. Commercial Auto Insurance
- Annual cost: $1,500-$3,050 per vehicle
- Standard limits: $100K/$300K bodily injury, $100K property damage
- Higher limits recommended ($500K-$1M)
- Required for business-owned vehicles
2. Tools & Equipment Coverage
- Annual cost: $200-$2,000
- Coverage limits: $5,000-$15,000+
- Per-item limits typically $5,000
- Protects both owned and rented equipment
3. Plumber License Bonds
- Bond amounts: $5,000-$25,000
- Premium: 1-3% of bond amount
- Cost varies by credit score
- Required for licensing in many jurisdictions
4. Commercial Property Insurance
- Annual cost: $1,000-$5,000
- Covers buildings, tools, equipment, inventory
- Based on property value and location risks
- Protection against fire, theft, vandalism
5. Professional Liability (E&O)
- Annual cost: $50-$500
- Coverage limits: $10,000-$1M+
- Protects against negligence claims
- Covers faulty workmanship issues
Get Tennessee Plumber Liability with ContractorNerd
ContractorNerd specializes in making insurance simple and data-driven for Tennessee plumbers through:
- Instant online quotes from top carriers
- Side-by-side coverage comparisons
- Plumbing industry expertise
- Streamlined application process
- Ongoing policy management
- Claims advocacy
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 tailored quotes for your Tennessee plumbing business. Our experts understand the unique insurance needs of plumbers and can help you find comprehensive coverage at competitive rates.