A handyman is a person who works as a freelancer or full-time repairman for households. This will include installation, maintenance, and repair works. They cover all fields like plumbing, electronics, cleaning, carpentry, and painting. However, they will not require a license or permit, unlike other professions. This is a job that people prefer in case of emergencies at home or workplaces. At some time, a handyman will be essential for every household.

This can sometimes be a risky job and will lead to injuries or accidents. This is why handyman insurance is extremely important. This article will cover all the benefits of having this insurance.

Types of handyman insurance 

There are a number of insurance schemes that can be used by a handyman. These policies are usually preferred by plumbers, electricians, and other people in this line of work. They are as follows.

  • General liability insurance
  • Product liability insurance
  • Business owners policy insurance

These are the most common insurance policies for a handyman. Other than this, some additional coverage should also be considered although this is not essential.

Insurance coverage for a handyman

The most preferred insurance policy for handymen is general liability. This is taken by all small to medium business owners, plumbers, repairmen, and construction workers.

  1. The general liability insurance will give coverage for injuries during workmanship. Loss/damage to equipment while working will also be covered.
  2. The customer can complain about defective parts while working. With the help of product liability insurance, this can be covered.
  3. BOP or Business Owners Policy is an effective insurance policy. This combines general liability and commercial property insurance along. This is a very suitable handyman policythat can be taken.

All these insurance policies will cover unexpected injuries, accidents, advertising injuries, and other property damage.

Cost 

The cost of insurance for a handyman will range between $30 to $60 per month. This is the premium amount that has to be paid on a monthly basis. For a year, this insurance will range between $360 to $800. This excludes the liability cost that will be included in case of a professional error. 

Insurance companies to consider 

It is always best to choose a policy from the top insurance carriers. Here are a few suggestions to choose from.

  • Acuity
  • AmTrust
  • Chubb
  • Employers
  • Hanover
  • Hiscox
  • MetLife
  • Prime
  • USSA
  • West Chester
  • Zurich

These are some of the most preferred insurance policy companies. They provide separate policies for handymen based on their needs. This will include both individual and contracting companies that hire handymen.

Conclusion

To get coverage for liability and law claims is necessary. Otherwise, it becomes difficult to cover these expenses as they are unexpected. Property damage and physical damage will also lead to unnecessary risks not covered by insurance.

To avoid such cases, a handyman should have insurance. This can be taken as an investment against all damage costs of the future. For a contracting company too, insurance is a factor that customers prefer. This makes insurance an integral part for any handyman.