Handyman insurance covers for mistakes or accidents on the job, or as a result of your completed projects. As a jack-of-all-trades, you likely take on any variety of jobs, from a leaky faucet to hanging a light fixture to repairing plaster or drywall. Because of this variety, it’s important that your liability insurance can cover everything that you might take on.
The most common type of insurance that suits a handyman is general liability insurance, which typically includes:
- Damage to properties, homes or structures you work on
- Medical payments from accidents to others on the job site
- Personal injury caused by advertising activities
For example, you may encounter risks just by walking onto a client’s property. Some are inherent to your work and depend on the type of job you’re doing. Others are unpredictable accidents. Your tools are next to you on the floor, your client trips and falls over them, and then your client makes a claim against you. Accidents happen, no matter the steps we take to prevent them. With handyman insurance, you can prepare for these risks and protect your business from any claims.
Another common and more broad coverage for handyman is a business owner’s policy (BOP). These policies are broader because they combine general liability coverage along with business-owner coverage to protect you against losses from business interruption and property that you own (or your business owns). We recommend this coverage if you have valuable tools that you need to protect in case of an accident.
Handyman insurance is the coverage that small repair or construction businesses need in their business owner’s policy (BOP). If you are a repairman or a contractor and you only have a few employees, then handyman insurance is for you.
As we tailor your insurance coverage, we’ll consider:
- What different kinds of work do you do? Some professions are considered inherently more dangerous that others. An electrician will pay more that an interior painter from the git-go. For a handyman, this inherently varies, due to the variety of jobs you may take.
- How risky is the work that you do? The riskier the job, the more your insurance coverage is going to cost.
- How often do you work? The more time you spend working and the more projects you have, the more you are doing work that needs to be insured. So the more you work, the more your premium will be.
- Do you have employees? The more people on a site, the more that can go wrong, so your insurance premium is going to be higher. Plus, employees means paying for workers’ comp.
Jones will provide you with general liability coverage, but you will also need to have workers’ comp if you have employees. In addition, you may want to consider commercial auto insurance, builder’s risk insurance, contractor’s equipment insurance and/or business umbrella insurance.
With Jones, your general liability insurance can be purchased on a Pay-As-You-Go basis, so instead of paying all year for a policy you may only need for a few contracts, you’ll pay as little as two bucks a day for the period of the job. Since it’s per contract, you also won’t end up paying too much for simple jobs, just because you sometimes handle more complicated or risky contract. You can also pay it all at once, so that you don’t have to worry about insurance coverage while you’re trying to get a job done.
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