Handyman insurance should also be got by a handyman person. But who is a handyman person?
A handyman is also known as, fixer, handy person, or handy worker. A handyman is a person who does repairs of various things in and around the house. Both interior and exterior work is handled by him. He can also do plumbing related works and also electric related works.
What is handyman insurance?
Handyman insurance will have basic general liability which will help you give the coverage of various types of financial risks and challenges.
What includes in the basic handyman insurance quote coverage?
- General liability:
General liability protects the contractors of handyman against various types and modes of financial liabilities.
An example of general liability would be,
if you at a customer’s home fixing the sink and you accidentally drop the hammer which damages the customer’s floor at this time the general liability insurance can help you.
- Commercial auto:
Commercial auto will be required if you using your vehicle for work purposes. The work purposes can include anything from visiting the site location, transportation of tools, and equipment.
An example of this would be while going to a customer’s home if you accidentally hit your car into someone’s parking then, this insurance would cover this too.
- Business owner’s policy:
It is also known as, BOP. This type of policy is an extension of, general liability. This policy gives coverage for commercial buildings and personal property.
- Worker’s compensation:
In this, the coverage is given to employees who became ill or injured while working.
How much does handyman insurance cost?
The cost of handyman insurance depends on a few factors like,
- Coverage limit
- Zipcode
- The size of the team
- The length of the coverage etc…
All these play an important role in determining the cost of handyman insurance.
Why would you require handyman insurance?
Insurance will protect you against various risks like injuries, damages, etc. After getting yourself insured you can be tension free because even if things go wrong you and your business will be free from any problems or risks as you are already insured.
Do you really require handyman insurance?
In this world, various agencies, people, and companies will ask you to get insured for your business. But, what type of insurance is really required for your business is what you need to know.
So, do you require handyman insurance?
Only if you are a licensed contractor you would require handyman insurance. Insurance reduces the amount of risk in your business.
The above article includes all the details about the handyman insurance quote right from, types, the investment required, why you should get handyman insurance, etc.
Hope this article helped you decide on your handyman insurance decision. Check the factors of insurance also before purchasing it, please take the correct decision relating to your handyman business.
