What is the minimum amount of general liability insurance required for plumbing firms?

The minimum amount of general liability insurance required for plumbing firms is $250,000. This amount is established to ensure that plumbing businesses can adequately cover potential claims arising from property damage or bodily injury that may occur as a result of their work. General liability insurance protects both the business owner and their clients by providing a financial safety net in the event of accidents or mishaps.

In the context of plumbing, the nature of the work often involves risks such as water damage, injury from tools or equipment, and other liabilities. Setting the minimum coverage at $250,000 acts as a standard that helps to safeguard the interests of both the plumbing professionals and their customers, ensuring that adequate resources are available should a legal claim arise. This coverage requirement reflects the recognition that plumbing services can expose both the homeowner and the contractor to financial risk, making it crucial for plumbing firms to carry sufficient insurance.