For plumbers in Bloomfield, NJ, it’s essential to understand the insurance they’re required to carry and any policies that might be beneficial but optional. Even the most skilled plumbing professionals can make mistakes that result in injuries or property damage. Other risks, such as getting into an auto accident while traveling to a customer’s home, also need to be considered.

Is It Required?

New Jersey law mandates that a plumber must have insurance unless they’re an employee of a business that already provides the necessary coverage. Both contractors and subcontractors must obtain coverage. At a minimum, you’ll need to sign up for commercial general liability insurance. Be sure to send proof of coverage to the state Division of Consumer Affairs.

Additional Insurance

You may need additional business coverage depending on how you run your plumbing business. Most plumbers travel to customers’ residences in motor vehicles, so they need commercial auto policies. Regular car insurance usually excludes business purposes. If your plumbing company has an office, you should also carry commercial property insurance that protects it.

An optional type of policy is umbrella insurance. It can give plumbers additional liability protection. New Jersey state law only requires workers’ compensation coverage if your plumbing business has employees. However, some commercial clients may require it even when you don’t employ anyone. A knowledgeable insurance agent can help determine what coverage is right for you.

E.S.T.I.R. Inc. is an independent insurance agency with more than two decades of experience. We have offices in Princeton and Bloomfield, NJ. Our helpful agents speak English as well as Spanish. We offer multiple types of business coverage, including life, home, renters, auto, and medical insurance. To get started, contact E.S.T.I.R. Inc. today by calling 973-481-5300.