Here’s What The Best Handyman Insurance Providers Offer

As a handyman, you likely already know the importance of insurance.

But with so many providers, knowing which is right for you can take much work. So, whether you’re just starting your handyperson business or are looking for a new provider, keep reading.

This blog post will help you decide the best for you.

What Is Handyman Insurance

Handyman insurance is a type of specialized insurance coverage that is designed to protect handymen and contractors in a wide range of situations.

This type of insurance typically covers issues like accidents on the job, property damage, tools and equipment theft, worker injury claims, and more.

Whether you own your own handyman business or work as an independent contractor, it is worth considering handyman insurance to help safeguard your income and assets.

Ultimately, having this type of coverage can give you the freedom and flexibility to take on more projects without worrying about what might go wrong. Here are some kinds of Handyman Insurance:

1. General Liability Insurance

Third-party claims for bodily injury, property damage, advertising injury, or harm to reputation are all included. If you’re only going to get one type of insurance, make it general liability insurance. You will be covered if you are held legally responsible for an accident that leads to damages belonging to someone else.

2. Commercial Property Insurance

If your handyman business is large enough to have its physical location that you either own or rent and store all of your equipment in this location, you will need commercial property insurance. This type covers assets, buildings, supplies- everything you need to run your business successfully.

3. Business Owners Policy Or BOP

If your handyman business generates less than $1M in revenue each year, or you have fewer than ten full- and part-time employees, you can reduce costs and simplify management by getting a BOP policy instead of two separate general liability and commercial property policies.

4. Workers Compensation Insurance

Self-employed individuals and independent contractors need workers’ compensation insurance to cover the costs of work-related injuries or illnesses, just like employees do. It is required by law in many states.

5. Commercial Auto Insurance

If your work requires you to drive, whether it’s between job sites or in a van full of tools and materials, you will need commercial auto insurance.

6. Contractor’s Tools And Equipment Coverage

Add the contractor’s tools and equipment coverage to your insurance policy if you have top-of-the-line tools and equipment that would be costly to replace. You can get this type of protection as a standalone or in addition to general liability insurance.

The Best Handyman Insurance Providers – In Summary

If you’re in the market for handyman insurance, be sure to do your research. There are a lot of different factors that go into determining what kind of coverage is best for you and your business.

The most important thing is to ensure you’re getting the right coverage for your needs. With so many options, we hope this reading helped you to figure out what’s best for you.

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