Understanding Handyman Insurance

Handyman installing smoke detector
Is your handyman business covered?

Small contracting and repair jobs can be a great way to augment your income, and it can also be a lucrative business–just don’t ignore the need for handyman insurance, no matter what the level or scope of work.

It may seem like overkill, buying an insurance policy if you’re only doing “odd jobs”, but entering homes and places of businesses puts you at risk, and any money saved by not insuring yourself against exposures could be dwarfed by court costs and/or damages if something goes wrong.

Things happen. An accident can occur anywhere, and happen to anyone. (That is, as they say, why they’re called accidents.) Even if nothing is directly caused by your actions, you may be called to prove that in a court of law, and having the ability to cover the costs of doing so (through handyman insurance) could be invaluable.

A handyman insurance policy can be as minimal or robust as you need it to be, and if you need to increase coverage as your business grows, you have that option.

Very few people enjoy price shopping insurance, and if you don’t know what to expect, the process can seem to be endless. When you call to inquire about handyman insurance, prepare to answer a few questions, such as…

What type of work are you doing? This can be a challenge because the very nature of the term “odd jobs” means that you do what’s necessary–you may not know ahead of time what a customer needs. Think of it in terms of what you won’t do. The question is meant to assess risk. Will you be doing things like roofing? Handyman insurance is meant to cover minor jobs, not exhaustive contracting.

How much do you make in a year? Or expect to make? Your insurance professional isn’t being nosy; annual income is key in determining your quote for handyman insurance.

Your physical location, years of experience, and whether you have employees or not are also things that might be asked. Again, these are all factors in pricing, and figure in to giving you a quote for handyman insurance that’s geared to your individual business.

Risk management is an art, and our business is helping you protect your business–and a business is what you have, no matter how small your scale of operations. Call us today at 1-877-907-5267 to get your quick, free quote for handyman insurance, or click here to start the process.