Rural water systems ensure communities receive clean, reliable water. Insurance coverage for these systems is essential due to their unique risks and challenges. Groundwater drillers, potable water suppliers, and septic and sewer contractors face specific hazards that require tailored rural water insurance coverage to protect their operations effectively.
Understanding the necessary coverages is key for rural water insurance agents advising their clients in this field.
Is Rural Water Insurance Necessary and/or Worth It?
Rural water insurance becomes a priority due to various factors affecting these systems, such as soil conditions, water needs being higher than ever in many municipalities, aging infrastructure, and regulatory compliance.
Key considerations when advising clients include:
- Property location and soil conditions: These factors impact the likelihood of pipe corrosion and breakage.
- Age and condition of existing sewer lines: Older lines are more prone to leaks and blockages.
- Cost of repairs and replacement: Repairs are often expensive due to the remote nature of rural areas.
- Regulatory compliance: Adhering to environmental regulations ensures the safety and longevity of rural water systems.
What Does Water Treatment Insurance Cover?
WaterColor Management’s water treatment insurance solutions can cover everything from bodily injury to cyber threats, ensuring water treatment operations can continue smoothly despite unexpected challenges.
General Liability
This fundamental coverage protects against claims of bodily injury and property damage that arise from your daily operations, premises, products, and completed work.
Products & Completed Operations
This insurance is critical for businesses that manufacture or sell water treatment products. It covers liabilities related to property damage and bodily injuries caused by the products you’ve sold or the work you’ve completed.
Errors & Omissions (E&O)
E&O insurance protects your business from claims of negligence or failure to perform your professional duties adequately, including errors in design or faulty installations.
Pollution Liability
This coverage is specifically designed to address claims of environmental damage, such as soil and water contamination caused by your operations.
Ransomware
In an era of increasing cyber threats, ransomware coverage assists with the expenses related to ransomware attacks, including ransom payments and the costs of data recovery.
No Contaminants Exclusions
This insurance policy feature ensures coverage extends to pollutants like lead, legionella, radon, PFAs, corrosives, and other pathogens, without exclusions.
Commercial Auto & Non-Owned Auto
This coverage protects owned and non-owned vehicles used for business.
Pollution (On-Site, Off-Site, and in Transit)
This coverage protects against pollution incidents occurring on-site, off-site, and during transport with limits up to $25 million.
Property, Inland Marine, and Equipment Breakdown
This insurance protects equipment from damage, theft, and breakdowns.
Employee Fidelity
It covers losses due to employee dishonesty or fraud.
Cyber Extortion and Cyber Theft
It assists with costs related to digital asset theft and cyber extortion.
Workers’ Compensation
This coverage provides for medical expenses, lost wages, and rehabilitation costs for injured workers.
Advise Your Clients About the Need for Rural Water Insurance
Insurance agents can help ensure their clients receive comprehensive guidance on rural water insurance. Agents can protect groundwater drillers, potable water suppliers, and septic and sewer contractors with a policy tailored to their unique risks.
Call us today for assistance with providing effective coverage for your clients’ rural water operations.
About WaterColor Management
WaterColor Management has insured the water industry for over 30 years. Our policies include unlimited defense cost coverage in the event of a lawsuit against you. Call us at (855) 929-0824 or email info@watercolormanagement.com for a quick quote for your Water Business Professional, Products/Completed operations, Pollution, and General Liability Insurance.