As a plumber in Vermont, 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 Vermont plumbers need, including costs based on our analysis of actual quotes from leading carriers.
Clear the way for success with quality plumber trade insurance.
General Liability Insurance for Vermont Plumbers
Based on analysis of quotes from leading carriers, here are typical costs for Vermont plumbers:
| Revenue Size | Average Premium | % of Revenue | Favorable Rate | Potential Savings |
|---|---|---|---|---|
| $150K | $6,200 | 4.1% | $4,700 | 24% |
| $500K | $16,000 | 3.2% | $13,700 | 14% |
| $1M | $32,500 | 3.3% | $23,700 | 27% |
Assumptions:
- Clean claims history (5+ years)
- Standard $1M/$2M limits
- Mix of residential/commercial work
- ~10% subcontractor costs
Worker’s Compensation Insurance for Vermont Plumbers
Vermont plumbers typically pay:
- $12,400 per employee annually
- $4,000 per $100K of payroll
Key factors affecting premiums:
- Job classification (Code 5183 for plumbers)
- Total payroll
- Claims history
- Safety programs
- Experience modifier rating
Additional Business Insurance for Plumbers in Vermont
- Commercial Auto Insurance
- Costs: $1,500-$3,050 per vehicle annually
- Standard limits: $100K/$300K/$100K
- Higher limits recommended ($500K-$1M)
- Tools & Equipment Coverage
- Annual premiums: $200-$2,000
- Policy limits: $5,000-$15,000+
- Per-item limits typically $5,000
- Plumber Bonds
- Bond amounts: $5,000-$25,000
- Premium: 1-3% of bond amount
- Rates vary by credit score
- Commercial Property Insurance
- Protects buildings, tools, inventory
- Annual premiums: $1,000-$5,000
- Based on property value and location
- Business Owner’s Policy (BOP)
- Bundles liability and property coverage
- Lower premiums than separate policies
- Less flexibility in coverage options
Get Vermont Plumber Liability with ContractorNerd
ContractorNerd makes plumbers 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 for your specific risks
- Find competitive rates
- Bundle policies for savings
- Ensure compliance with state regulations
Visit our online quote tool or speak with a plumber insurance specialist today.