HANDYMAN INSURANCE

As a jack-of-all-trades, you’re exposed to various risks based the type of work you’re doing. Cheap handyman insurance with basic general liability coverage can help protect you from many of the unexpected financial challenges that could result from those risks. Handyman insurance protects your business from lawsuits with rates as low as $30/mo.

Get the coverage you need today. Call For A Free Quote @  855-718-1061

CHEAP HANDYMAN INSURANCE

Everyone at some point in time is going to need the services of a good, reliable and trustworthy handyman.  A handyman is a person skilled at a wide range of repairs, typically around the home. These tasks include trade skills, repair work, maintenance work, both interior and exterior, and are sometimes described as “odd jobs”, “fix-up tasks”, and include light plumbing jobs such as fixing a leaky toilet or light electric jobs such as changing a light fixture. 

As a handyman, you work hard for your customers: hanging a light fixture for one, replacing windows for the next, and installing a new kitchen sink for a third. Shouldn’t your handyman insurance work hard for you, the way you do for your customers?

 

artisan contractor

What Insurance Should A Handyman Have?

General liability insurance for handyman businesses

At a minimum, most handymen will need general liability insurance, especially since this coverage can be a state, city or client requirement for certain projects or work agreements.

General liability insurance provides financial protection if someone other than an employee gets hurt or you are held responsible for damaging property that doesn’t belong to you. General liability might be required for a handyman license in your state, and it’s common for clients to ask for proof of coverage. General liability for handyman includes contractors’ E&O, or professional liability coverage, which can help cover costs in a business disagreement.

 

General liability insurance typically covers:

  • Bodily injury: Third-party injuries that occur as a result of your business operations. If a client trips and falls over your tool box, this policy would help pay for any associated medical, legal or settlement costs.

  • Property damage: Damage to the property of a third-party caused by your business. If you’re installing curtains in a client’s window and accidentally shatter the glass, your general liability policy would help cover the costs to replace it.

  • Personal or advertising injury: Claims of libel, slander or copyright infringement made against your business. If you create marketing materials for your business, unknowingly using a trademarked phrase, and the owner of the trademark sues, this insurance would cover associated legal and settlement costs.

How Much Is Handyman Insurance?

The cost of handyman insurance starts at $30 a month. General liability insurance costs most of our handyman customers between $360-$707 annually, or $30-$60 per month. Handyman professional liability insurance starts at $2/month and relates to the work that you do as a handyman. Usually the cost is an additional 4-8% for this coverage, which is reflected in the total policy cost.

Many factors influence the cost of insuring your business including the type of work you accept, specific contractual requirements and if you have employees. A handyman who performs more dangerous labor-intensive tasks can expect their insurance costs to differ from a handyman who doesn’t.

Cost is always a consideration, especially if you’re just starting out or on a tight budget. This causes many to prioritize finding the cheapest handyman insurance possible. But while you don’t want to overpay, you also shouldn’t compromise adequate coverage for a cheap price. Make sure you get what you need.

Get the coverage you need today. Call For A Free Quote @  855-718-1061

Additional Handymen Insurance Options

Does A Handyman Need More Than A General Liability Insurance Policy?

It is possible for some handyman businesses to cover their businesses fully with just a general liability insurance policy. For handymen who have no office buildings to protect, no operating expenses and no payroll, general liability insurance may be sufficient. This type of policy covers damage and bodily injury caused by you or others working on your behalf when you perform work.

One of the biggest concerns for repairmen, handymen, contractors, painters, and others who provide in-home services is liability. These workers use power tools, hand tools, electric saws and other types of equipment that can cause injury to both the property in which they work and the people around them. Having the right level of handyman insurance protection in place makes good business sense.

Commercial Auto

For business owners who own or drive vehicles

Most states require commercial auto insurance for business-owned vehicles to help pay for medical expenses and property damage. Personal auto insurance usually won’t provide coverage for handyman business activities, such as delivering materials to a project.

Commercial Auto can help you pay for:

    • Medical expenses
    • Collision repairs
    • Rental reimbursement

Does A Handyman Need Commercial Auto Insurance?

You no doubt use a vehicle in your line of business as a handyman, so protecting that vehicle with commercial auto insurance is important. Personal auto policies do not usually cover accidents that occur in the course of doing business in a personal vehicle. Check with your agent to make sure that your commercial insurance is up to par and that it protects you as you drive from job site to job site.

Most commercial vehicle insurance policies cover bodily injury and property damage liability. If you purchase collision and comprehensive coverage, then your vehicle is protected regardless of whose “fault” the accident is. Some policies also cover theft and damage to the vehicle from vandalism, acts of nature, and related occurrences.

Workers’ Compensation

For business owners who hire employees

Workers’ compensation insurance can help handyman business pay for medical care and lost wages after a workplace injury. It’s almost always required if you have employees, and you might need coverage before you can get your handyman license. Choose business owner’s coverage with your policy to protect yourself.

Workers’ Compensation can help you pay for:

    • Medical expenses
    • Lost wages
    • Employer liability

Does A Handyman Need Worker’s Compensation Insurance?

Most states require that businesses carry worker’s compensation insurance for all non-owner employees. Check with your insurance agent to make sure that you stay compliant with any laws governing the purchase of worker’s compensation insurance, which protects you and any employees from damages resulting from work-related accidents and injuries.

Contractors’ E&O

Bought by 80% of business owners like you

Errors and omissions insurance for handyman business (also known as professional liability) helps you defend yourself if you’re accused of making a mistake that causes someone to lose money. For example, if you are accused of improperly installing a door and someone breaks into the building and steals equipment, your handyman business insurance policy could help cover related expenses.

Contractors’ E&O can help you pay for:

    • Professional negligence (actual or alleged)
    • Legal defense costs
    • Legal judgments

Tools & Equipment

Protection for your gear and equipment
Tools and equipment coverage makes sure your handyman gear is protected wherever you keep it — in your vehicle, in a trailer or at a job site. If you don’t own or lease property and regularly take expensive gear to a job site, tools & equipment insurance for handymen offers protection against damage or theft. This coverage is available as an add-on to our general liability insurance.
Tools & Equipment can help you pay for:
    • Equipment owned by you
    • Employee tools and clothing
    • Borrowed equipment

Regulating Agency and References

Insurance Information Institute (III)

This organization’s mission is to improve public understanding of insurance – what it is and how it works. Visit III at https://www.iii.org.

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