Plumbing Contractor Workers Compensation
In order to meet state requirements, plumbers usually need to have Workers’ Compensation Insurance as soon as they hire employees. When an employee is injured on the job, Workers’ Comp (also called Workman’s Comp) pays for their medical bills and covers some of their wages (if they are unable to work).
Workers’ Comp Insurance for small plumbing businesses typically costs $3,020 to $6,275.
Name | USD |
---|---|
Median policy premium: | $3,020 – $6,275 |
Per claim limit: | $100,000 |
Median policy limit: | $500,000 |
Median policy deductible: | None |
To see how the cost of Workers’ Compensation Insurance for plumbers compares with other industries, visit AmeriAgency’s Workers’ Compensation Insurance Cost Analysis. Contractors are required to have Workers’ Compensation Insurance in order to comply with state regulations. This insurance provides coverage for medical expenses and a portion of wages for employees who are injured while on the job. It is essential for plumbing contractors to have this insurance in place as soon as they hire employees to ensure the well-being and protection of their workers.
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