Welders utilize a wide variety of methods to join metal parts with heat. The methods used are dependent on the types of metals they are working with, the conditions under which the jobs must be done and the industry in which they are applying their skills. Whether working on new building construction, automotive repair, shipbuilding or any of hundreds of other industries that rely on welders, if you own a welding contracting firm, you need to protect your business interests with appropriate insurance for welders. An independent insurance agent can help.
If you work for yourself as a freelancer or independent contractor you need insurance. Your agent will ask the right questions to help you find the level of coverage that you’ll need, but consider if you want mobile welder insurance, general welding insurance, and/or basic business liability. Insurance for welders, sometimes referred to as hot work liability insurance, may range from highly affordable to exorbitantly priced. Considerations include hot work risk, but also business revenue. If you’re just starting out, you’ll want to ask your agent how to reduce your rate. A higher premium or paying month by month may be easier to adjust to at first. Once your customer base widens and profits increase, you may be able to adjust your coverage.
The primary reason to obtain welder’s insurance is to limit financial liability for any damage to persons or property. Welding insurance can also protect against financial responsibility for defective welds that cause damage. As long as insurance premiums are maintained, the welder can file a claim for problems that occur.