Liability Insurance for Handyman

As a handyman, you are exposed to a lot of risks and potential liabilities. You may accidentally damage someone’s property, cause injury to a client, or even injure yourself while working. Liability insurance for handymen is designed to protect you from these risks and provide financial security in case of any unfortunate incidents.

What is Liability Insurance for Handyman?

Liability insurance is a type of insurance policy that protects the insured from claims made by third parties for bodily injury or property damage due to negligence or errors. Handyman liability insurance is a specific type of policy designed for handymen who perform various types of services, including repairs, installations, and maintenance work.

Handyman liability insurance policies may cover a range of claims, including:

• Property damage caused by the handyman
• Bodily injury caused by the handyman
• Personal injury such as libel, slander, or defamation
• Advertising injury such as copyright infringement or false advertising

The specifics of what’s covered varies from policy to policy, so it’s important to carefully read and understand your policy’s coverage details.

Why Do Handymen Need Liability Insurance?

Handymen face a high degree of risk and liability while providing their services. Even if you take all the necessary precautions and follow the best practices, accidents can still happen, and you can never predict when or where they will occur. Liability insurance protects you from financial losses that could result from a lawsuit or claim for damages against you.

Liability insurance for handymen can provide you with the following benefits:

• Protection from property damage claims
• Protection from injury claims
• Peace of mind while performing your work
• Financial security in case of a lawsuit or claim against you

How Much Does Handyman Liability Insurance Cost?

The cost of handyman liability insurance depends on several factors, including:

• The nature of the work you’re doing
• The size of your business
• The coverage limits you select
• Your claims history
• Your location

Generally, liability insurance for handymen can cost anywhere from a few hundred to several thousand dollars per year, depending on these factors and others. It’s important to shop around and get quotes from multiple insurance providers to ensure you’re getting the best coverage at the best price.

What Should You Look for in a Handyman Liability Insurance Policy?

When choosing a liability insurance policy for your handyman business, there are several things you should keep in mind:

• The coverage limits and types of coverage provided
• The reputation and financial stability of the insurance provider
• The cost of the policy and any applicable deductibles
• Any exclusions or limitations in the policy
• The level of customer support and service provided

It’s important to carefully review and compare the options available to you to ensure you’re getting the best policy for your specific needs and budget.

FAQ

What are the types of liability insurance for handymen?

There are several types of liability insurance policies that handymen may need:

• General Liability Insurance: Provides coverage for property damage and injuries caused by your work.
• Professional Liability Insurance: Provides coverage for errors or omissions in your work that cause financial damages to a client.
• Workers’ Compensation Insurance: Provides coverage for injuries sustained by you or your employees while on the job.

Do handymen need liability insurance if they have a small business?

Yes, even if you have a small handyman business, liability insurance is essential. It protects you from financial losses that could result from a lawsuit or claim for damages against you.

What should you do if a client sues you?

If a client files a lawsuit against you, notify your insurance provider immediately. They will provide guidance on what steps to take next and may provide legal representation if necessary.

Can you get liability insurance if you’re a subcontractor?

Yes, subcontractors should carry their own liability insurance. In some cases, the general contractor may require proof of insurance before allowing you to start work.

What are the common exclusions in a handyman liability insurance policy?

Exclusions in a liability insurance policy can vary depending on the provider and the policy. However, some common exclusions include intentional acts, damage to your own property, and claims arising from the use of a vehicle. Check your policy carefully to understand what’s covered and what’s excluded.

Conclusion

Liability insurance for handymen is essential for protecting yourself and your business from potential liabilities and financial losses. It’s important to carefully review and compare policies to ensure you’re getting the best coverage at the best price. With the right liability insurance policy in place, you can have peace of mind while providing your handyman services.