Here at Trade Risk we help dozens of plumbers every month with their insurance needs.
We know what you need, and we work hard to ensure that you can protect yourself with the right cover at the right price.
For an instant quote on plumber’s public liability please click here or call 1800 808 800.
If you’re not ready for a quote yet and just need some information, we’ve put together a fantastic guide on plumbers insurance which you can read below.
It’s important for anyone running a plumbing business or working as a plumber to have the right insurance in place.
The reason for this is because of the large number of risks that plumbers face every day.
These risks can include injuring yourself or a client, damaging someone’s property or even having your tools nicked.
Types of Plumbers Insurance
There are a few different forms of cover that fall under the ‘plumbers insurance’ banner.
Some of these policies are designed to protect your clients, some to protect your tools and some to protect yourself and your family.
We have detailed the three major forms of insurance for plumbers below:
The most commonly required form of insurance for a plumbing contractor is public liability cover.
Public liability insurance will protect you financially in the event that you cause property damage or personal injury to a customer or member of the general public.
Under normal circumstances you would be financially liable for these types of events and could be subject to serious losses, but with the right insurance in place you can rely on the insurer to cover the costs.
In most states of Australia public liability insurance is mandatory for licensed plumbing contractors, and in Victoria there are additional requirements which will we detail later in this guide.
Price Guide: Premiums start from around $550 per year in most states, but will be higher in Victoria where policies must include Plumbers Warranty Cover.
Income protection insurance is a must for any plumber who runs their own business or works as a subcontractor.
This form of insurance can replace up to 75% of your income whilst you are unable to work due to an injury or illness.
Although income protection is regarded as a form of personal insurance, it is still 100% tax deductible in most cases.
As a plumber you will no doubt have a fairly extensive collection of tools.
From your adjustable wrench to your pipe cutter and a range of augers, it all adds up pretty quickly, especially if you’ve been in the game for a few years.
You can protect your tools from a range of risks including theft and fire damage with tools insurance.
There are a number of different levels of cover available when it comes to tool insurance, and we can provide you quotes on each of these if required.
There are various other forms of insurance available to plumbers in Australia, and our experts here at Trade Risk will be happy to run through them with you.
Some of these other forms of cover include life insurance, business interruption and also a range of property covers for those plumbers who operate from their own business premises.
Licensed plumbing contractors operating in Victoria will need a special form of insurance in order to obtain their licence.
In addition to public liability insurance, Victorian plumbers will also require a special policy option known as Plumbers Warranty.
The team at Trade Risk are familiar with the special Victorian requirements and can provide with a policy that meets the criteria.
Quotes and More Information
To obtain a quote on your insurance please complete our online quote request. Alternatively you can call our office on 1800 808 800 and speak with one of our trade insurance experts.