Florida Water Well Driller Insurance

Written by: Craig Barbee, CEO of Barbee Jackson Insurance. Craig is an industry professional and has been writing General Liability Insurance in Florida since 2009.

Insurance designed for the needs of the Water Well Drilling Industry.

Water Well drilling business is growing for both commercial and residential. Finding a protection plan that suits your business against potential loss is our main goal at Barbee Jackson Insurance. This type of specialty insurance requires expert knowledge of the potential losses associated with contractors that perform drilling and water testing. We have specific insurance coverage options that cater to the drilling contractor’s business. Barbee Jackson Insurance has been proudly serving Florida businesses since 2009, and getting a quote is fast and free. Contact a Representative today by calling (850) 389-2001.

Eligibility – Water Well Drilling Contractors

Water pump service, repair, and installation
Geothermal Wells
Engineering Firms
Water Sampling Consultants
New and Existing Ventures

Business Insurance Options

General Liability – Provides coverage and protection for damages to others that you are held legally liable.
Medical Payments Coverage – Is a no-fault coverage designed to cover your business for bodily injury where fault has not been proven. It is primarily designed to protect the insured and insurer against lawsuit for negligence.
Commercial Auto & Fleet Insurance – Single Limit Liability up to $1 Million dollars for property damage and bodily injury resulting from a at-fault accident. Specialized Physical damage coverage is also available that includes permanently attached equipment.
Equipment Floater/Inland Marine – Scheduled, unscheduled tools, and specialized equipment to protected them from loss for actions like theft.
Workers’ Compensation – State required limits and coverage options for workers injured on the job.
Commercial Umbrella – Excess liability coverage that adds an extra layer of protection in case the underlying policy limits are exhausted.
Commercial Property – Coverage for the building and business personal property
Bid, Performance, and/or Payment Bonds
Down Hole Coverage

Additional Coverage Options

Commercial Building Coverage
Cyber Liability
Key Person Life Insurance
Employment Practices Insurance

How much is Insurance?

General Liability Insurance for a two person operation will run as low as $100 per month. Most of these business types also have a commercial auto for the well drilling. The rate for a million dollar auto liability is as low as $416 per month.

Other things to consider is coverage for equipment and tools.

Need Workers’ Compensation Insurance?

This is the most valuable policy a business can purchase to protect the employees from injury and the employer from lawsuit. Most people think that general liability is the most important, and it is to prevent an external loss, but it does nothing to prevent the employer from a lawsuit involving an employee.

The construction industry is one of the highest risk industries, hence the specific laws for the construction field. Florida Water Well Contractors Industry has very specific guidelines when it comes down to the rate insurance carriers can charge for Workers’ Compensation. The State of Florida sets every class code rate that the insurance companies can charge for insurance. The 2026 rate for Water Well Contractors is $4.46 per one hundred (100) dollars in payroll.

For example - you have two employees with a combined income of $120,000 ($60,000 per employee). Your insurance cost for Workers Compensation would be $5,352.

Florida Workers’ Compensation is a two-part coverage. Workers’ Compensation (Part A) provides payout to an injured employee with no cap to the coverage. The amount the employee receives for payout is all set and controlled by the state. If an employee feels the employer was negligent in causing harm, they may choose to sue the employer instead of taking the state payout. Employers’ Liability Limits (Part B) requires $100,000 per occurrence, $500,000 aggregate, and $100,000 per occurrence by disease and would provide the employer protection in the event of lawsuit.

Claims Handling

In the event of an accident our team will file the claim with your carrier and walk you through the process. Whether is be an accident or natural disaster you can be assured that your claim will be handled fast and fairly. We only use A.M. Best rated ‘A’ insurance carriers.

Frequently Asked Questions

I’m new to this type of business. What regulatory issues will I face?

Florida Department of Environmental Protection is the governing body and requires permits before any well construction, repair or abandonment. There is also a $150 licensing fee for a new license and $50 biennial renewal.

Do you offer driver screening?

Yes, all our clients are offered free driver screening. We run the most recent MVR report and tell you what’s on the drivers report and what the premium impact will be on your policy.

Does your auto insurance coverage include specialized equipment?

Water Well Drilling Contractors use a lot of specialized equipment to complete the job. If the vehicle has permanently attached equipment we can add that coverage to the policy, but it is not automatically included on any insurance policy. We take the cost of the vehicle then add the cost of the equipment to come up the coverage level. If the specialized equipment is not permanently attached, then it needs to be scheduled on an Inland Marine policy.

Do you issue Certificate of Insurance?

Barbee Jackson Insurance has the 5 Minute Promise when it comes to handling your Certificate of Insurance requests. All certificates are issued within five (5) minutes of the request during normal business hours. Weekend requests will be handled in a timely matter.

How many insurance carriers do you represent?

As an independent insurance agency, we have the ability to use hundreds of different insurance carriers to meet your needs. We take the time to compare all our carriers to make sure you are getting the insurance you need at the best possible price.

How do we get started?

Licensed agents are standing by to answer all your questions and get started working on quotes. The process can take anywhere from just a few minutes to 24 hours for the more complex policies. Call today and we will get started (850) 389-2001