Welding Business Insurance
Welding Business Insurance is essential for protecting welders from risks like employee injuries, property damage, and accidents that can occur during their work. Whether you’re working independently or managing a larger welding shop, having the right insurance ensures your business stays protected against unexpected financial losses.
Choose the right coverage from trusted insurance providers.
Why do welders need insurance?
Welding is a dangerous job, and that’s why welders need welding business insurance. Accidents can happen at any time, whether it’s an employee getting injured from an electric shock or exposure to harmful fumes.
That’s where workers’ comp comes in, covering the medical costs of the injured worker. Other policies also protect businesses from financial losses due to property damage, accidents, and accusations of negligence. Having the right coverage is essential to ensure the business stays protected from these unexpected risks.
What types of insurance do welding businesses need?
Welding businesses need general liability insurance, workers' compensation, and commercial auto insurance for common risks like property damage, employee injuries, and vehicle accidents. Tools and equipment insurance and inland marine coverage are also essential for protecting equipment, both on-site and in transit.
Business owner’s policy
This policy conveniently bundles commercial property and general liability insurance into one cost-effective plan for dealers. A BOP is ideal for securing auto shop insurance and shielding businesses from financial losses.
Under this plan
Customer injuries
Damaged customer vehicles
Damaged business property
Commercial auto insurance
A policy designed for dealers and repair shops helps pay for property damage and medical bills after an accident. It is required in many states for businesses that own cars.
Under this plan
Car accident repair costs
Vandalism and theft
Weather damage
General liability insurance
This policy covers basic liabilities for auto service businesses, protecting against dealer risks like customer injury at a repair shop. To maximize savings, businesses can bundle it with property insurance or a business owner’s policy for broader coverage.
Under this plan
Customer injuries at a repair shop
Accidental vehicle damage
Slander and advertising injuries
Workers’ compensation insurance
Workers’ comp is required for auto shops in almost every state to cover employee injuries and related costs. It protects both employees and sole proprietors by handling work injury costs that health insurance might deny.
Under this plan
Employee medical expenses
Partial wage reimbursement
Lawsuits
Tools and Equipment Protection Plan
Contractor’s tools and equipment insurance helps protect your construction gear no matter where you go. This policy keeps your tools and equipment safe while you’re moving them (in transit) or using them at a jobsite. To qualify, your items usually need to be valued under $10,000.
Under this plan
Equipment less than five years old
Mobile equipment
Small toolsa
Professional Liability Protection Plan
Professional liability insurance for contractors, also known as errors and omissions insurance, protects against financial losses when a construction mistake or oversight causes a lawsuit. This policy is key for handling claims related to your work and promises made to clients.
Under this plan
Accusations of negligence
Failure to complete construction
Failure to use promised materials
How much does business insurance cost for welders?
The cost of business insurance for welders can vary based on several factors. If you’re a welder working independently, you’ll generally pay less than a welding shop with multiple employees. Here’s a breakdown of the factors that affect your insurance premiums:
- Type of welding work: Whether it’s residential or commercial work.
- Business equipment and property: The value of tools and equipment.
- Business size, location, and revenue: Larger businesses in higher-risk areas tend to have higher premiums.
- Types of insurance purchased: Policies chosen can impact the cost.
- Policy limits and deductibles: Higher limits or lower deductibles may increase costs.
- History of insurance claims: A history of frequent claims could raise premiums.
How do I get welder's insurance?
Getting welder’s insurance is simple if you have your business information ready. The process typically involves providing basic details like your business revenue and a number of employees. With platforms like Eagle Nation, you can get a policy and certificate of insurance in three straightforward steps:
- Complete a free online application by filling out your business information.
- Compare insurance quotes and choose the policies that best suit your needs.
- Pay for your policy and download a certificate of insurance.
Eagle Nation’s licensed agents work with top-rated U.S. insurance providers to offer the most affordable coverage that fits your welding services, whether you’re offering mobile welding or other specialized work.
Two ways to start your coverage
Quotes online
Talk to an agent
Verified business insurance reviews
Hear from customers like you who purchased small business insurance.
Common questions about welding business insurance
Yes, contractors and subcontractors face many of the same risks as larger businesses and need insurance for similar reasons. Welding contractor insurance might be necessary to sign contracts, lease commercial spaces, or secure business loans. Even when it's not required, having workers' comp is crucial for sole proprietors and subcontractors, as it can help cover expensive medical bills that personal health insurance might not. Additionally, if you use your personal vehicle for work, hired and non-owned auto insurance (HNOA) is recommended, as your personal auto policy may not cover work-related driving.
For equipment that moves with you, inland marine insurance is key, as commercial property insurance only covers what's in your building. Contractor's tools and equipment insurance is a common type of inland marine coverage for welding equipment valued at less than $10,000, ensuring protection during transit and on-site. Installation floater insurance also covers materials being installed at a project site.
Welders should consider these additional policies:
- Builder's risk insurance covers structures under construction and materials at the work site.
- Business personal property (BPP) coverage can be added to a general liability policy to protect property at a designated location.
- Commercial umbrella insurance increases the coverage limits for general liability, commercial auto, and employer's liability insurance.
- Surety bonds might be necessary for signing contracts with clients, ensuring financial protection if the agreed-upon services aren't delivered.
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As a welding business owner, this insurance has been a lifesaver. It covers everything from employee injuries to property damage, ensuring my company stays protected against unexpected risks.