{"id":2467,"date":"2021-11-03T13:46:37","date_gmt":"2021-11-03T13:46:37","guid":{"rendered":"https:\/\/www.insurancebee.com\/blog\/?p=2467"},"modified":"2023-02-08T09:42:22","modified_gmt":"2023-02-08T09:42:22","slug":"handyman-insurance-requirements","status":"publish","type":"post","link":"https:\/\/www.insurancebee.com\/blog\/handyman-insurance-requirements","title":{"rendered":"Handyman insurance requirements. How to protect your business:"},"content":{"rendered":"\n<figure class=\"wp-block-image size-full is-style-default\"><img loading=\"lazy\" decoding=\"async\" width=\"600\" height=\"400\" src=\"https:\/\/www.insurancebee.com\/blog\/wp-content\/uploads\/2021\/10\/handyman-insurance-how-to-protect-your-biz.png\" alt=\"Man rolling carpet illustration for handyman insurance requirements\" class=\"wp-image-2454\" srcset=\"https:\/\/www.insurancebee.com\/blog\/wp-content\/uploads\/2021\/10\/handyman-insurance-how-to-protect-your-biz.png 600w, https:\/\/www.insurancebee.com\/blog\/wp-content\/uploads\/2021\/10\/handyman-insurance-how-to-protect-your-biz-300x200.png 300w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/><\/figure>\n\n\n\n<p>For a handyman, insurance requirements are straightforward. Three policies are pretty much essential:<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p>\u2022 <a href=\"#general\">General liability insurance<\/a> <br>\u2022 <a href=\"#bpp\">Equipment insurance<\/a><br>\u2022 <a href=\"#professional\">Professional liability insurance<\/a><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p>And, depending on the way your business operates, there are a couple more you might want to have:<\/p>\n\n\n\n<p><br>\u2022 <a href=\"#cyber\">Cyber insurance<\/a> <br>\u2022 <a href=\"#workers\">Workers\u2019 compensation insurance<\/a> (if you employ anyone). <\/p>\n\n\n\n<p><\/p>\n\n\n\n<p>Read on for a rundown on what each policy covers and why you need it.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"general\">General liability insurance for handymen (and women)<\/h2>\n\n\n\n<p><br>You carry out your work at customers\u2019 properties, right? Then you need <a href=\"https:\/\/www.insurancebee.com\/general-liability-insurance\" target=\"_blank\" rel=\"noreferrer noopener\">general liability insurance<\/a>. It protects your business from the cost of claims for:<\/p>\n\n\n\n<p><br>\u2022 Injury to someone (other than you or an employee)<br>\u2022 Damage to someone\u2019s property<br>\u2022 Personal injury (slander\/libel).<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p>We know you\u2019re careful. But accidents happen. All it takes is for a client to trip over your toolbox and injure themselves, to find yourself facing a claim for medical expenses. Then there\u2019s always the risk you might accidentally damage a customer\u2019s property. Drop a drill on a tiled floor, knock over a family heirloom\u2026 You get the picture.<\/p>\n\n\n\n<p><br>Without a general liability policy, you\u2019ll have to find the cash to cover these expenses yourself. And if a case goes to court, there\u2019ll be legal fees to pay and compensation if you\u2019re found at fault.<\/p>\n\n\n\n<p><br><a href=\"https:\/\/www.insurancebee.com\/handyman-insurance\" target=\"_blank\" rel=\"noreferrer noopener\">Handyman general liability insurance<\/a> can cover medical bills, repairs or replacement costs, legal fees and compensation, too. Even if there are no grounds for the case. A pretty handy tool to have at your disposal, huh?<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"bpp\">Equipment insurance<\/h2>\n\n\n\n<p><br>You take your own tools to jobs and use them on-site, we\u2019re guessing. We\u2019re also guessing some of these will have cost you a lot. Especially if, instead of being a jack-of-all-trades, you specialize.<\/p>\n\n\n\n<p><br>Then you want to think about protecting them. Because let\u2019s face it, your tools are more likely to get lost, stolen, or damaged when you\u2019re out and about. And while you\u2019re trying to find the money to replace them, how will you work? You might even lose a client in the meantime.<\/p>\n\n\n\n<p><br><a href=\"https:\/\/www.insurancebee.com\/general-liability-insurance\" target=\"_blank\" rel=\"noreferrer noopener\">Business personal property insurance<\/a> (BPP) protects your portable equipment from loss, theft, or damage &#8211; including mobiles and laptops. What\u2019s more, it covers anything moveable in your home office too. From your swivel chair to your stapler<\/p>\n\n\n\n<p><br>Add BPP insurance to your general liability policy. Then if you lose your equipment, you won\u2019t lose business.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"professional\">Professional liability insurance for handymen (and women)<\/h2>\n\n\n\n<p><br>Now, general liability insurance doesn\u2019t cover legal claims for faulty workmanship. To protect you from those, you need a different policy: <a href=\"https:\/\/www.insurancebee.com\/professional-liability-insurance\" target=\"_blank\" rel=\"noreferrer noopener\">professional liability insurance<\/a>.<\/p>\n\n\n\n<p><br>Because you charge for your service, clients can sue you if they think you made a mistake or your work wasn\u2019t up to par. Even if there are no grounds for the claim.<\/p>\n\n\n\n<p><br>Claims like these can be costly. If the case goes to court, you\u2019re looking at attorney fees, court costs &#8211; and damages, too, if it turns out you were at fault. The thing is, faulty workmanship claims don\u2019t just hammer your wallet, they take up valuable time. And time not spent working will also lose you money.<\/p>\n\n\n\n<p><br>Say you have one of those clients. You know, the ones who are never satisfied. They call you up to tell you there\u2019s a problem with the tiling you did. You go back several times to fix it. The client then hires another guy to correct your mistake. To cover the costs, your client then files a suit against you, saying your work was faulty.<\/p>\n\n\n\n<p><br>If that happens, whether there are grounds for the claim, or not, a professional liability policy can hire you an attorney and pay your legal fees. It can also pay compensation if the case doesn\u2019t go your way.<\/p>\n\n\n\n<p><br>Handy, huh? It may be a tool you rarely use, but handyman professional liability insurance is a useful one to have in your toolkit.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"cyber\">Cyber insurance<\/h2>\n\n\n\n<p><br>If you use email, own a website, and transfer money online, <a href=\"https:\/\/www.insurancebee.com\/cyber-liability-insurance\" target=\"_blank\" rel=\"noreferrer noopener\">cyber insurance<\/a> is good to have. Why? Because cybercriminals are getting smarter.<\/p>\n\n\n\n<p><br>These days it\u2019s not just a case of hackers holding your website to ransom. Email and money transfer fraud are on the rise. And as a small business owner with less cash for tough cyber security, you\u2019re an easy target.<\/p>\n\n\n\n<p><br>If you\u2019re the victim of a cyber-attack, cyber insurance provides you with 24\/7 technical support to deal with it. Plus, the financial resources to recover. It means you\u2019ll be back up and running, doing business again fast. And in the meantime, you and anyone who works for you, get training to help reduce the risk of an attack.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"workers\">Workers\u2019 compensation insurance<\/h2>\n\n\n\n<p><br>If you employ anyone &#8211; even if it\u2019s just one person \u2013 most states require you have <a href=\"https:\/\/www.insurancebee.com\/workers-compensation-insurance\" target=\"_blank\" rel=\"noreferrer noopener\">workers\u2019 comp insurance<\/a>. And as penalties can be severe, it\u2019s best to <a href=\"https:\/\/www.thebalancesmb.com\/how-does-workers-compensation-operate-in-my-state-462786\" target=\"_blank\" rel=\"noreferrer noopener\">check your state\u2019s requirements<\/a>.<\/p>\n\n\n\n<p><br>But it\u2019s a useful policy to have anyway. It protects you from the cost of workplace injuries, which, for a small business owner, can be extremely painful. And in your line of work, accidents are a daily hazard.<\/p>\n\n\n\n<p><br>If one of your employees is injured, needs medical treatment and time off to recover, workers\u2019 comp insurance can cover their medical bills and lost earnings. If the case goes to court, no matter who\u2019s at fault, it\u2019ll protect you from the cost of a lawsuit, too.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Handyman insurance cost<\/h2>\n\n\n\n<p><br>Insurance costs vary from business to business. They\u2019re affected by things like:<\/p>\n\n\n\n<p><br>\u2022 the size of your company<br>\u2022 its location<br>\u2022 the limits you choose.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p>But there are ways to save money on your policy price. If you choose to pay a bigger deductible (the amount you\u2019ll contribute if there\u2019s a claim) your premium will be cheaper. Just be sure you can actually pay the deductible if it comes to it.<\/p>\n\n\n\n<p>When it comes to working out the amount of cover you need, it\u2019s best to over-estimate. Think worst-case scenario but pick a figure you can afford.<\/p>\n\n\n\n<p>Our general liability policies cost from $42 a month; professional liability policies start from $71 a month. But there are other payment options available. Pay quarterly or in one lump sum. Whatever works best for you.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Handyman business insurance quotes<\/h2>\n\n\n\n<p><br>You know leaving a minor fix now can cause a major problem later on. We bet you\u2019re always telling your clients that. So why not take your own advice?<\/p>\n\n\n\n<p><br>A few minutes of your time is all it\u2019ll take to get your business properly protected. Then if you do find yourself in a fix, you\u2019ve got just the right tool for the job. And a whole lot of peace of mind in the meantime.<\/p>\n\n\n\n<p><br>If you\u2019re still not sure what coverage you need, you\u2019ll find more information on <a href=\"https:\/\/www.insurancebee.com\/handyman-insurance\" target=\"_blank\" rel=\"noreferrer noopener\">handyman insurance<\/a> over on our website. You can also call us at 978.344.4215. We\u2019ll talk you through your options and get you the right insurance package for your business. Fast.<\/p>\n\n\n\n<p><br>Or, if you\u2019re all set and ready to go, get your <a href=\"https:\/\/www.insurancebee.com\/getaquote\" target=\"_blank\" rel=\"noreferrer noopener\">quote online now<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>For a handyman, insurance requirements are straightforward. Three policies are pretty much essential: \u2022 General liability insurance \u2022 Equipment insurance\u2022 Professional liability insurance And, depending on the way your business operates, there are a couple more you might want to &hellip; <a href=\"https:\/\/www.insurancebee.com\/blog\/handyman-insurance-requirements\">Read more&#8230;<\/a><\/p>\n","protected":false},"author":16,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30],"tags":[120,68,119,90],"class_list":["post-2467","post","type-post","status-publish","format-standard","hentry","category-small-business-insurance","tag-cyber-liability","tag-general-liability","tag-professional-liablity","tag-workers-comp"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\r\n<title>Handyman insurance requirements<\/title>\r\n<meta name=\"description\" content=\"If you find yourself in a fix, you want the right tool for the job. 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