As a jack-of-all-trades, you’re exposed to various risks based the type of work you’re doing. 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 $27/mo.
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?
You’re invested in your business and helping it grow. We know it’s not always easy to run your own business, and you certainly don’t have time to waste on figuring out the best handyman insurance. You can count on our handyman liability insurance policy to be there when you need us, and to let you run your business with confidence and security when you don’t.
Handyman insurance protects your business from lawsuits with rates as low as $27/mo.
Given the possibility of a lawsuit should someone claim to have been harmed by your work, insuring land you own will almost certainly need liability insurance.
If working as a subcontractor, your customer may require you to have Owners and Contractors Protective Liability (OCP) coverage. This protects either a property/business owner or a general contractor from possible liability arising from the negligent acts of an independent contractor or subcontractor hired to perform work on behalf of the insured. The actual purchaser of the policy is the independent contractor or subcontractor, but the protection is for the benefit of the property/business owner or general contractor for whom the work is being done.
Here are a few examples of how general liability insurance can protect your business:
Also refereed as Business Vehicle Insurance, your personal auto policy probably provides coverage for some business use of your truck, van or other vehicle. A personal auto policy is unlikely to provide coverage, however, if the vehicle in question is used primarily in business. It will not provide coverage for any vehicle owned by a business. For those vehicles you must have a business auto policy.
If you’re driving a truck you own personally for a business purpose and get into an accident for which you are liable, an injured person could sue you personally. Will your personal auto policy have enough coverage to pay all the damages? If not, a lawsuit may be filed against your business. If you use personal vehicles for business, you want to be sure you have high enough limits to protect your business. You should discuss this with your insurance agent.
A business owner’s policy is business insurance that combines general liability and property insurance in one package. This insurance bundle usually covers bodily injury and property damage for yourself and others. So, not only are your clients protected, but you are as well. Plus, a BOP is often more affordable than purchasing individual policies, which makes it convenient and cost-effective.
The employees you hire to help you run your pharmacy business need the protection offered by workers’ comp insurance, as does your company. Workers’ comp ensures that you meet the legal requirements for employers in your state and covers the cost of medical care if an employee is injured performing work-related duties. The policy will also pay for lost wages if an injured employee needs to take time off of work to recovery.
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.
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.
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.
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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