Your job is essential as a handyman because you make households and offices work efficiently. However, when performing odd jobs on or outside a client’s property, various things could go wrong, leading to damaged property or injured clients or workers.
This is why every general handyman needs insurance coverage options that meet their needs. In this blog, we’ll introduce you to the four types of handyman insurance an independent handyman needs to operate.
1. General Liability Insurance
General liability insurance is a crucial handyman insurance that every general handyman needs to operate their business. This type of insurance protects against claims of bodily injury or property damage that may occur on the job site. An unexpected accident can happen at any time. Without this coverage, a handyman can be liable for medical expenses, legal fees, and other related costs that can quickly add up.
General liability insurance is an investment in the future of a handyman’s business and provides them with peace of mind while on the job. In addition, it instills confidence in potential clients that the handyman is a responsible and reliable professional who values their safety and well-being.
2. Commercial Property Insurance
You may work on different properties with risks and liabilities as a general handyman. That’s why you must have commercial property insurance in place. This handyman insurance provides coverage for your business in case of property damage, theft, or legal claims arising from accidents or injuries on your job sites.
With commercial property insurance, you can have peace of mind knowing that your business is protected from unexpected events and financial losses. Please don’t take the risk of operating without it.
3. Business Owners Policy or BOP
BOP combines commercial property and general liability insurance, offering comprehensive coverage for small business owners, including the independent handyman.
BOP can help save a considerable amount on premiums, and it covers claims for equipment damage, theft, fire, and general liability claims, including customer complaints, copyright infringement, and defamatory statements. Plus, you can add additional coverages like business interruption coverage to protect your income if a covered event caused a temporary loss of business.
4. Workers’ Comp Insurance
In case you hire others to work alongside you on a project, it is crucial to have workers’ compensation insurance. Workers’ comp offers coverage for workplace injuries, medical treatment, disability or death benefits, and rehabilitation for injured workers. Workers’ comp handyman insurance will cover the medical expenses during treatment and recovery if your worker gets injured on your business property.
Workers’ comp can also protect you from being sued by your employees if they get hurt. Before accepting any projects, you should ensure that your handyman business insurance policy includes this coverage.
4 Types of Handyman Insurance a General Handyman Needs To Operate – In Summary,
Handyman insurance coverage, including the general handyperson business, is critical. The owner and clients could avoid financial and legal troubles with insurance protection.
The four types of handyman insurance mentioned in this blog post protect you, your business, your employees, and your clients from unexpected risks. Stay safe, and always protect your business by choosing the best-fit insurance policies according to your specific needs.
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