FROM OUR PARTNERS
Fusing metals together can cause serious accidents if someone makes a mistake or is not trained enough. Whether you are a contractor or work with a team of welders, welding contractor insurance can cover you from liabilities that could cause a financial burden. We’ve evaluated the best welding contractor insurance providers based on coverage, financial stability, customer satisfaction, and overall quality.
Simply Business provides insurance policies for a range of professions and small businesses.
For more than 200 years, the Hartford Insurance helped over 1 million businesses just like yours.
Coverwallet began its journey in New York City in 2015 operating under the Aon Insurance banner. At Coverwallet, you can access everything you need to keep your company well-protected at an unbeatable price.
Next Insurance leverages AI technology to streamline the process to purchase insurance, track claims, and manage policies at no additional cost.
With a 100-year history of insuring businesses, Hiscox is well-known across America and globally. With more than 500,000 small business customers, Hiscox is fully aware and trained in the unique risks a business can face.
Thimble provides business insurance that can be tailored to your business by the year, month, day, or even the job. At Thimble, the process to getting the right business insurance is simple, scalable, and flexible.
Welding is a dangerous profession. This is why it is critical for welders to consider welding insurance. It can protect your business, employees, and assets from financial burdens you would otherwise be paying for out of pocket.
If your business provides services for joining metals together through high heat or other methods, you will most likely need to get welding insurance. Due to the nature of the process, welding can have devastating consequences when accidents do occur.
Welders have a few different types of insurance that they usually need to cover all their risk areas and activities. Common ones include general liability insurance, commercial auto insurance, and more.
Common types of welding insurance
This type of policy covers a variety of common risks and accidents. It will give your business financial protection if you are held responsible for a person, other than your employee, getting injured or damaging property that does not belong to you.
Commercial auto insurance helps pay for property damage and medical expenses caused by a vehicle owned by your business. Most states require this type of policy.
Workers’ compensation insurance will ensure that an employee that gets injured on the job will have medical bills and rehabilitation paid for, as well as any lost wages. Employer’s liability insurance is also usually included in workers’ compensation insurance. It covers events such as if an employee files a lawsuit blaming your business for negligence that led to an accident. Employers’ liability insurance will protect your business from costs like settlements, court fees, and attorney fees.
Also known as professional liability insurance or errors and omissions insurance, this type of insurance protects your business if you are held responsible for making a mistake that led to monetary damages. For example, if you used the wrong type of steel and it rusted, which ended up leading the client to use their own money to replace it.
Commercial property insurance provides protection for your building (if you own or rent it), equipment, and inventory.
This coverage ensures that no matter where your gear is, it is protected from theft and damage. It is great for people who take expensive equipment to job sites.
The limits for your welding business depend on the types of coverage you need. Standard general liability coverage policies have a limit of $1,000,000 for bodily damage and $2,000,000 for property damage per occurrence. Each policy has a certain number of occurrences per calendar year that the insurance company will cover, depending on the product you choose.
You should consider the limits based on your estimated financial liabilities, should an accident occur. Basic packages could start as low as $300,000. However, it will most likely not be sufficient for your needs. It is possible that larger projects will have a higher financial risk, so you will need to have higher limits than the standard.
There are different factors that can affect how much welding contractor insurance costs. These factors can include (but are not limited to):
Grouping policies together with the same insurance provider can help save money through discounts.
Here are a few useful tips that can help choose the best provider for you:
