Well Drilling Insurance
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Why Do I Need Well Drilling Insurance?
You stoop, you squat, and you crawl. Your well drilling business is tough work, but people in your community depend on your expertise and experience. You know the risks that come with your work, but do you know the obstacles you could face as a business owner?
Below are some of the most common types of insurance policies that well drillers carry to stay protected.
What Type of Well Drilling Insurance Do I Need?
General Liability
A foundational insurance coverage to help handle costs from third-party accidents, property damage, and bodily injury.
From
$20.75
/month*
Workers’ Comp
Coverage to help take care of employees who get sick or injured on the job. Most states require this coverage for small businesses with full- or part-time employees. It also can benefit business owners who don’t have employees.
From
$38.91
/month*
Business insurance —
a quick explainer
Learn more about policies for small businesses, what they cover, why you might need them, and how we can help – all in just 60 seconds.
Business insurance is often made up of different types of policies to cover different things, similar to how your health insurance can be made up of medical dental and vision coverage. Here are some of the ones small business owners need. General liability is kind of the Swiss army knife of insurance. It can do a lot, like help handle costs from third party accidents, property damage, bodily injury, and more. Nobody’s perfect, right? That’s what professional liability is for. It could come in handy in the event of honest mistakes or claims of negligence. Workers’ comp can protect your business and help take care of employees who get sick or injured on the job. Small businesses are big targets for cyber criminals. Cyber Insurance can help cover costs associated with stolen customer data, cyber attacks, breaches, and fraud. BOP or a business owners policy combines different types of coverages like general liability and commercial property insurance. Putting them together for you is where we come in. You tell us a bit about your business online or on the phone, and we customize the coverage options for what you do and what you need. It’s your business, it should be your insurance as well. That’s why we’re here.
What Does Well Drilling Insurance Cover?
Want to learn about business insurance? We’re here to give you the information you need about what type of policies to consider, and what they could cover. Consider this a crash course in protecting your well drilling business — but you don’t need to study for a certification exam at the end of it. Phew!
General Liability Insurance
If you want to add a jack-of-all-trades, catch-all kind of advocate to your team, consider general liability insurance. When you think of getting coverage for your business, this type of policy likely comes to mind. General liability insurance typically covers bodily injury, property damage, and third-party (e.g., customer or vendor) accidents.
You also may be able to add Contractors Tools and Equipment coverage to your plan, which could offset the cost if your drilling equipment was to be stolen.
Let’s bring this concept to life with a scenario. Imagine you’re drilling at a job site when you hit a rock. The impact causes your drill to kick back, and it ends up flying into a nearby shed. You damage a structural wall, and understandably, your customer isn’t too pleased.
The average customer injury or damage claim is a whopping $30,000, and without business insurance, you could be left with the entire bill.
GL insurance could help out in the scenario above for those who’d rather be safe than sorry. Your policy could likely cover damages and legal fees if your customer were to sue you.
Plus, some states require well drilling businesses to carry insurance coverage. Our quote process will help you determine your needs.
To recap, here’s what general liability insurance usually can cover:
- Bodily injury to another person
- Third-party property damage
- Personal and advertising injury
- Medical expenses
- And more
Now check out what general liability insurance usually doesn’t cover:
- Damage to your own property
- Professional services
- Workers compensation or injury to your employees
- Damage to your work
- Motor vehicles while in business use
- Expected or intentional injury or damage
- And more
Workers Compensation Insurance
Do you have employees? If so, this is essential information! Each state has its own insurance laws, but if you have employees, it’s likely you’ll need to carry workers compensation insurance. This type of policy also called workers comp, covers medical bills, lost wages, and legal costs associated with an employee who gets sick or hurt on the job.
You can check your state’s requirements here, or answer a few questions to get a custom quote with your location in mind.
The average cost of workers comp claims is $40,051, and a fracture or dislocation while handling machinery on the job could lead to an average claim cost of nearly $60,000. While employee injuries will hopefully be few and far between, the price of a single accident is enough to make workers compensation insurance worth it.
Generally, workers compensation insurance for well drilling companies can cover:
- Medical payments
- Lost wages
- Rehabilitation expenses
- Death benefits
Why Should I Get Water Well Drilling Insurance?
Your knowledge, experience, and commitment to quality and safety have gotten you where you are today. If you want to ensure that your business continues to thrive for years to come, it’s time to think about protecting it.
In every industry, there’s a chance you could have an accident. The chances that a small slip could lead to serious damage or injury are even higher in a job like yours that works with equipment. Nobody plans to have an accident, yet 43% of small business owners polled reported being threatened with or involved in a civil lawsuit.
The average costs companies are exposed to without insurance include:
- $30,000 for property damage or accident claims
- $50,000 for reputational harm claims (e.g., slander or libel)
- $20,000 for a customer slip-and-fall case
These high costs mean that a single slip of your drill could put you face to face with a costly bill or lawsuit. However, you could avoid mounting debt or bankruptcy by proactively protecting your business with insurance.
Understandably, most business owners want to consider the cost of business insurance carefully. The good news is that you don’t have to pay for a one-size-fits-all policy that exceeds your needs.
General liability insurance options with Simply Business are customized based on the information you provide, for your unique situation, so you can find a plan whether you’re new to the scene or a veteran.
Let’s shake off the doom and gloom, though. Insurance is there for you on happy days, too! Having a certificate of insurance (COI) could help you rent office space and earn the trust of customers and potential employees.
Answers to More Well Drilling Insurance Coverage Questions
Each state makes its own business insurance laws, so your location determines your requirements. However, general liability insurance is a common condition for running a well drilling business. Additionally, in most cases, you’ll need workers comp coverage if you have employees.
There’s no need to research your state’s laws before you start looking at insurance since our quote process considers your location. Simply answer a few questions, and we can let you know what requirements typically apply to you.
Our licensed agents can also answer any questions you may have.
It’s common for water well drilling businesses to be able to deduct business insurance premiums from their income taxes. We always recommend checking with a local accountant to get answers about your specific tax situation, though.
Nobody wants to overpay, and with Simply Business, you won’t have to. Your ideal insurance coverage is based on:
- The size of your business
- Your business’s location
- Your annual revenue
- And more
Our quote process takes all of this information into account to provide coverage options. You also can talk to our licensed agents if you have additional questions.
You can compare free quotes to determine which policy you’re most comfortable with. If you’re ready to get your free quotes, here’s what you should have handy:
- Annual revenue estimates
- Payroll estimates
- Information on any previous claims
Yes, business insurance requirements for water well drillers varies by state. Since navigating state laws can be confusing, we designed our quote process to narrow it down based on where you’re located. We also have licensed insurance agents ready to answer your questions.
A comprehensive insurance product — one that includes general liability and workers compensation — can cover:
- Bodily injury
- Accidents and damages
- Employee injuries
- Unintentional mistakes
- And more
It’s difficult to list a single price since each water well drilling insurance policy is customized. Coverage and monthly premiums depend on your services and how many employees you have. Pricing is also affected by:
- Payroll estimates
- The location of your business
- The specific services you offer
- And more
If you’d like to see how much your premiums may cost, simply answer a few questions here to get free quotes and compare prices.
If you’re a multi-talented business owner, our licensed agents can work with you to find protection for potentially all of your services.
Why Small Businesses Choose Simply Business
Small business insurance is what we do. Whether it’s covering you for accidents and errors, meeting workers’ comp requirements, or financially protecting your business from the unexpected, we can help find the coverage you need for your business.
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*The displayed price for each product is a monthly estimate calculated from the 10th percentile of relevant policies sold by Simply Business (e.g., General Liability data is used for General Liability estimates). This estimate uses data from relevant policy sales between July–December 2025. Final price and payment terms, which may include an initial down payment, are subject to change based on your state, selected insurance provider, and specific business details.
† Limits may vary by state and nature of your business.
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