Do you own a janitorial or lawn care business? Or perhaps you act as a general contractor, artisan tradesman, or landscaper? We can find policies to fit your needs, even if your business seems to change from day-to-day—as it often does for the jack-of-all-trades handyman.
Whether you are just repairing a screen door or completely remodeling a kitchen and bathroom—if you are entering someone’s home or place of business, you need a commercial general liability policy. The smallest caulking job—if done incorrectly—can cause thousands of dollars worth of damage if the homeowner experiences water leaks. A fallen broom or tool can easily become a tripping hazard that could lead to an injury. Handyman insurance is a way to mitigate these risks.
Any money saved by not insuring yourself against exposures could be dwarfed by court costs and/or damages if something goes wrong. Having Handyman Insurance in place can help protect you and your business from claims of bodily injury or property damage. Those claims could result in financial chaos for your handyman business—especially as a small business owner.
Do I Need Handyman Insurance?
Aside from protecting your business and your personal assets, there are a few reasons to consider getting the appropriate coverage:
- Some states require anyone doing home repairs to be insured
- Many apartment complexes require proof of insurance to allow you to work with them
- Bank-owned properties also require proof of insurance to make improvements
- It’s necessary if you have a contractor’s license or perform electrical or plumbing work
Business Owner’s Policy (BOP)
Some of these coverages are included in a business owner's policy (BOP) and some you can consider as additions to general coverage.
General Liability Insurance
A business owners policy typically includes general liability insurance. Many states require a handyman to have liability insurance for their business. The policy typically covers:
- Bodily injury claims: If you’re working in a client’s home and any of your tools inadvertently injure them, associated medical expenses are covered.
- Property damage: If any of your client’s property is damaged over the course of the project it can be covered under this policy.
- Personal injury: If—for whatever reason—the client claims that you slandered them in some way, this insurance typically covers the claim (up to your policy limits).
Inland Marine Insurance
Unlike the name implies, Inland Marine Insurance is not related to water transport. Instead, it refers to any tools or equipment used in your business that are being transported from your home or place of business to your worksite. If these items are damaged, lost, or stolen, this policy can cover the cost of repair or replacement. It’s often referred to as Contractor’s Tools and Equipment Insurance.
Commercial Auto Insurance
If you use a vehicle for your business (transporting tools, ladders, etc.) then you should consider commercial auto. It covers expenses incurred to the vehicle in case of collision, weather damage, or vandalism as well as medical expenses related to bodily injury.
If you have employees, you need to consider this coverage—some states may even require it. The policy will cover lost wages and medical expenses should your employee be injured on the job. It can also protect the employer from being sued for the workplace accident.
How Much Does Handyman Insurance Cost?
There are a few questions any good insurance agent will ask you to help determine what coverages you need in your handyman policy. For example—what type of work are you doing? This can be a challenge because the very nature of the term “odd jobs” means that the nature of your work isn’t consistent–you may not know ahead of time what a customer needs.
However you could 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? Extensive remodeling or repair? Handyman insurance is meant to cover minor jobs, not exhaustive contracting. Your agent will need to differentiate the services you’re offering.
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 are also things that might be asked and factored into the equation.
Get A Free Handyman Liability Insurance Quote
Handyman Insurance Quotes Include:
Risk management is an art, and our business is helping you protect your business. Call us today at 1-877-907-5267 to get your quick, free insurance quote for handyman insurance, or click here to start the process.
| Additional Insured Included:
| Free Certificates:
| Payment Options:
|| YES (Pay in Full OR Payment Plans)
| Low Down Payments:
|| YES (Flexible Payment Options)
| Coverage Limit Minimum:
|| $2,000,000 / $2,000,000 / $1,000,000