As a plumber in Virginia, 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 Virginia plumbers need, including costs based on our analysis of actual quotes from leading carriers.
Flush away business worries with proper plumbing service indemnity.
General Liability Insurance for Virginia Plumbers
Based on analysis of over 900 plumbing contractor quotes, here are typical general liability costs:
| Revenue | Average Premium | % of Revenue | Favorable Rate | Potential Savings |
|---|---|---|---|---|
| $150K | $4,400 | 2.9% | $3,200 | 27% |
| $500K | $11,200 | 2.2% | $5,800 | 48% |
| $1M | $20,300 | 2.0% | $12,500 | 38% |
These rates assume:
- Clean claims history (5+ years)
- Standard $1M/$2M coverage limits
- Mixed residential/commercial work
- ~10% subcontractor costs
Worker’s Compensation Insurance for Virginia Plumbers
Virginia requires workers’ compensation for businesses with 3+ employees. Key data points:
- Average cost per plumber: $5,560 annually
- Cost per $100K payroll: $2,300
- Uses classification code 5183 for plumbers
Factors affecting premiums:
- Experience modifier rating
- Safety programs
- Claims history
- Total payroll
Additional Business Insurance for Plumbers in Virginia
1. Commercial Auto Insurance
- $1,500-$3,050 per vehicle annually
- 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+
- Covers theft, damage, loss
3. Contractor’s E&O Insurance
- Annual premiums: $50-$500
- Policy limits: $10,000-$1M+
- Covers faulty workmanship claims
4. Commercial Property Insurance
- Premiums: $1,000-$5,000 annually
- Protects buildings, equipment, inventory
- Coverage based on property value
5. Business Owner’s Policy (BOP)
- Bundles general liability and property coverage
- Often more cost-effective than separate policies
- Additional coverages available
Get Virginia Plumber Liability with ContractorNerd
ContractorNerd specializes in plumber insurance solutions:
- Compare quotes from multiple carriers
- Expert guidance on coverage requirements
- Streamlined application process
- Ongoing policy management
- Claims advocacy and support
Our data-driven approach typically saves clients 20-50% on liability premiums through our carrier network.
Contact us today for competitive quotes tailored to your Virginia plumbing business.