Who should get handyman insurance? As a handyman, you know that accidents can happen on the job. Whether it’s a broken window, a damaged floorboard, or a tool malfunction, any mishap can cause damage or injury to you, your client, or their property. That’s why it’s important to have the right insurance coverage as a handyman.
Why do handymen need insurance?
Handymen work in a variety of settings, from residential homes to commercial buildings. In these environments, accidents can happen at any time. For example, you might accidentally drill through a water pipe while installing a shelf, or you could trip over a power cord and damage a client’s laptop. In the event of an accident, you could be held liable for the costs of repair or replacement. This is where handyman insurance comes in.
What types of insurance coverage do handymen need?
As a handyman, there are several types of insurance coverage that you should consider:
- General liability insurance: This type of insurance provides coverage for accidents that occur on your client’s property. If you accidentally damage their property or cause bodily injury to someone while on the job, general liability insurance can help cover the costs of repairs or medical bills.
- Workers’ compensation insurance: If you have employees, workers’ compensation insurance is required by law in most states. This insurance provides coverage for medical bills and lost wages if your employee is injured on the job.
- Commercial auto insurance: If you use your vehicle for work purposes, such as transporting tools or materials, you may need commercial auto insurance. This coverage can help cover the costs of accidents or damage to your vehicle while on the job.
- Tool and equipment insurance: Handymen rely on their tools and equipment to get the job done. Tool and equipment insurance provides coverage for damage, loss, or theft of your tools and equipment.
What to consider when choosing a Handyman insurance policy
When choosing a handyman insurance policy, there are several factors to consider:
- Coverage limits: Make sure the policy you choose provides enough coverage to protect you and your business in the event of an accident.
- Deductibles: Consider the deductible amount you’ll be responsible for in the event of a claim. A higher deductible may mean lower premiums, but it also means you’ll have to pay more out of pocket if you need to make a claim.
- Premiums: Shop around to find the best premiums for your coverage needs. Don’t be afraid to ask for discounts or bundle policies to save money.
- Reputation: Research the insurance company’s reputation and customer reviews before signing on with them. Make sure they have a good track record of paying claims and providing quality service.
In conclusion, as a handyman, it’s important to have the right insurance coverage to protect you and your business. By considering the types of coverage available and what to look for in a policy, you can find the right coverage to meet your needs and give you peace of mind while on the job.