As a plumber in Wisconsin, 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 Wisconsin plumbers need, including costs based on our analysis of actual quotes from leading carriers.
Keep your business pipeline pressure perfect with plumbing contractor insurance policies.
General Liability Insurance for Wisconsin Plumbers
Based on our analysis of over 900 plumber quotes, here are typical costs for Wisconsin plumbers:
Average Annual Premiums & Potential Savings
| Revenue | Average Premium | % of Revenue | Favorable Rate | Potential Savings |
|---|---|---|---|---|
| $150K | $7,100 | 4.7% | $4,100 | 42% |
| $500K | $18,500 | 3.7% | $12,500 | 32% |
| $1M | $36,500 | 3.7% | $20,900 | 43% |
These premiums assume:
- Clean claims history (5+ years)
- Standard $1M/$2M coverage limits
- Mixed residential/commercial work
- ~10% subcontractor costs
Worker’s Compensation Insurance for Wisconsin Plumbers
Workers’ compensation insurance is mandatory for Wisconsin plumbers with employees. Based on our data:
- Cost per employee: $6,690 annually
- Cost per $100K payroll: $2,700
- Uses classification code 5183 for plumbers
Key factors affecting premiums:
- Payroll size
- Claims history
- Safety programs
- Experience modifier rating (EMR)
Additional Business Insurance for Plumbers in Wisconsin
1. Commercial Auto Insurance
- $1,500-$3,050 per vehicle annually
- Standard limits: $100K per person/$300K per accident/$100K property damage
- Higher limits ($500K-$1M) recommended
2. Tools & Equipment Coverage
- Annual premiums: $200-$2,000
- Policy limits: $5,000-$15,000+
- Per-item limits typically $5,000
3. Contractor’s E&O Insurance
- Annual premiums: $50-$500
- Coverage limits: $10,000-$1M+
- Protects against faulty workmanship claims
4. Business Owner’s Policy (BOP)
- Bundles general liability and property coverage
- Lower premiums than separate policies
- Includes business interruption coverage
5. Plumber License Bonds
- Bond amounts: $5,000-$25,000
- Premium: 1-3% of bond amount
- Rates vary by credit score
Get Wisconsin Plumber Liability with ContractorNerd
ContractorNerd specializes in making insurance simple and data-driven for Wisconsin plumbers through:
- Instant online quotes from top carriers
- Side-by-side coverage comparisons
- Plumbing-specific expertise
- Streamlined application process
- Ongoing policy management
- Claims advocacy
Our specialists help:
- Optimize coverage based on your risks
- Find competitive rates
- Bundle policies for savings
- Ensure compliance with state regulations
Contact us today for tailored quotes for your plumbing business.