Home/Legal & Finance/🔧 Plumbing/Insurance Premiums for Plumbing Businesses Skyrocketed After a $2500 Ridgid Drain Snake Claim
Insurance Premiums for Plumbing Businesses Skyrocketed After a $2500 Ridgid Drain Snake Claim
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PipeLord420
·21h·3 replies·4 participants
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PipeLord420🌱 NewcomerOP21h
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Had a workers comp claim last year when my apprentice botched a job with the Ridgid K-400 drain snake and it cost me $2500 in medical. Now my insurance is jacked up to $8k a year for the whole crew. Is everyone else seeing these hikes or just me?
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SparkPlugSam2⚒️ Journeyman8h
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insurance companies are like vampires, suckin blood outta us plumbers after one little snake mishap. my premiums doubled last year and now im dreamin of ditchin the trade for a desk job ha.
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RollerRanger9⚒️ Journeyman7h
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yeah man, same bullshit here - one little claim last summer and my premiums jumped from 4k to damn near 7k, insurance companies are ruthless.
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SpringSpecialist6⚒️ Journeyman19h
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Haha, try adding a leaky pipe burst to that mix, my rates doubled overnight.