As a handyman, you are responsible for a variety of services such as home repairs, carpentry, plumbing, and electrical work. Just like any other business, you need to make sure that you have the right insurance in place to protect your business and your clients. Having the right handyman insurance is the key to a successful and stress-free business.
Handyman insurance is a type of business insurance that is specifically tailored to handymen and other trades businesses. It is designed to protect you, your business, and your customers from any potential losses or liabilities that may occur during the course of your work. This type of insurance covers various things, including property damage, personal injury, and legal costs.
Handyman insurance provides essential protection for any handyman business. It can help you to cover your costs if something goes wrong, and it can also provide peace of mind for your customers, who can trust that you are properly protected in the event of an accident or issue.
Who Needs Handyman Insurance?
Any handyman who provides services to customers should consider getting handyman insurance. This includes any professionals who work in the home improvement or construction industry, such as electricians, plumbers, painters, carpenters, and others.
Handyman insurance is especially important when working on larger projects, such as remodeling a home or building a deck. These jobs can be quite risky, and having the right insurance in place can help protect you and your business in the event of an accident or other issues.
Types of Handyman Insurance
There are a few different types of handyman insurance that you should consider. The most common types of insurance for handymen include general liability insurance, property damage insurance, and workers’ compensation insurance.
- General liability insurance provides protection for any bodily injury or property damage that may occur during the course of your work.
- Property damage insurance covers any damage to property that you may cause while working.
- Workers’ compensation insurance is designed to provide protection for you and your employees in the event of an accident or injury while on the job.
How Much Does Handyman Insurance Cost?
The cost of handyman insurance will depend on a few factors, such as the type of insurance you are looking for and the size of your business. The services you provide will also play a part, with more risky or comprehensive repairs increasing your insurance costs.
Handyman Insurance Requirements
Before you purchase a handyman insurance policy, it’s important to make sure that it meets all of the necessary requirements.
You should also make sure that your policy covers any subcontractors you may hire to help you with your work. If you are working on larger projects, you may need additional coverage, such as commercial property insurance or builders’ risk insurance.
Commercial Insurance And Business Industry Classification
- SIC CODE: 1521 General Contractors-Single Family Construction, 1522 General Contractors-Residential Buildings, Other Than Single-Family
- NAICS CODE: 236118 Residential Remodelers
- Suggested Workers Compensation Code(s): 5645 Carpentry – Construction of Residential Dwellings Not Exceeding Three Stories in Height
Conclusion
Having the right handyman insurance is essential for any handyman business. It can help to protect you, your business, and your customers in the event of an accident or issue. Make sure to shop around and compare different policies to find the best coverage at the best price. With the right insurance in place, you can rest assured that your business is properly protected.