As a plumber in Utah, 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 Utah plumbers need, including costs based on our analysis of actual quotes from leading carriers.
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General Liability Insurance for Utah Plumbers
Based on analysis of over 900 plumber quotes, here are typical costs for Utah plumbers:
| Revenue Size | Average Premium | % of Revenue | Favorable Rate | Potential Savings |
|---|---|---|---|---|
| $150K | $6,700 | 4.5% | $4,100 | 39% |
| $500K | $17,300 | 3.5% | $14,900 | 14% |
| $1M | $34,300 | 3.4% | $25,000 | 27% |
These premiums assume:
- Clean claims history (5+ years)
- Standard $1M/$2M coverage limits
- Mix of residential/commercial work
- ~10% subcontractor costs
Worker’s Compensation Insurance for Utah Plumbers
Workers’ compensation insurance is mandatory for Utah plumbers with employees. Key data points:
| Metric | Cost |
|---|---|
| Premium per Employee | $5,150 |
| Premium per $100K Payroll | $2,100 |
Common classification codes:
- 5183 (Plumbing): $2.10-2.50 per $100 of payroll
Additional Business Insurance for Plumbers in Utah
1. Commercial Auto Insurance
- Annual cost: $1,500-$3,050 per vehicle
- 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’s Bond
- 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
- Covers buildings, tools, inventory
- Based on property value and location
5. Business Owner’s Policy (BOP)
- Bundles general liability and property coverage
- Often more cost-effective than separate policies
- Additional coverage options available
Get Utah Plumber Liability with ContractorNerd
ContractorNerd specializes in Utah plumber insurance with:
- Instant online quotes from top carriers
- Side-by-side coverage comparisons
- Plumbing-specific expertise
- Streamlined application process
- Ongoing policy management
- Claims advocacy support
Our data-driven platform helps:
- Optimize coverage for your specific risks
- Find competitive rates
- Bundle policies for savings
- Ensure state compliance
Contact us today for tailored quotes for your Utah plumbing business.