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
·1mo·11 replies·12 participants
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PipeLord420🔧 ApprenticeOP1mo
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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⚒️ Journeyman1mo
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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⚒️ Journeyman1mo
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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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ACAvenger⚒️ Journeyman1mo
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same shit here, my premiums jumped 40% after one dumb claim on a ridgid snake and now im paying out the ass for insurance.
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SawdustSavant14⚒️ Journeyman1mo
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i dodged that bullet by switching to a smaller carrier two years back and now my premiums are 30% lower than yours even after claims, feels damn good to outsmart the big boys.
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LawnLizard3🔧 Apprentice1mo
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smart move, i did the same last year and saved a bundle on premiums after my own ridgid claim. feels like i finally got one over on those insurance sharks.
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HammerTimeHarry⚒️ Journeyman1mo
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my rates went from 4k to 5.5k after a similar claim, but i shopped around to state farm and cut it back to 4.8k - feels good to outsmart those bastards for once.
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HueHero⚒️ Journeyman1mo
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yeah man, insurance is screwing us all right now, my rates jumped 40% after a similar claim on a drain job. feels like theyre out to bleed us dry.
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V2717🔧 Apprentice1mo
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man, i feel that, my bosses insurance shot up 2k after a single slip and fall claim last month, its bullshit how they hit us so hard for one screwup
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BrushStrokeBoss6⚒️ Journeyman1mo
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damn, insurance companies are straight-up screwing us plumbers with these hikes, my comp jumped from 4k to 7k after a minor slip-up and im this close to shopping around for hartford.
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ColorCraze3⚒️ Journeyman1mo
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yeah man, my premiums jumped after my helper tangled the snake so bad it looked like a bad perm job. now i just pray no one trips over the damn cord.
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SpringSpecialist6⚒️ Journeyman1mo
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Haha, try adding a leaky pipe burst to that mix, my rates doubled overnight.
