Handyman Insurance – A know it all

When something breaks, ceases to work, or gets damaged due to a surprising turn of events, a client will require a handyman. They will call you to fix the issue. Having made that clear, who does a handyman call when things go wrong for him? And while repairing a light bulb on the wall, if by an unexpected turn of events, your client’s kid knocks you down from the ladder, it is you who will get injured severely.

Accidents happen in all sorts of jobs, but handymen are more prone to mishaps. It is only wise to insure yourself from unforeseen losses. Hence it is a wise decision to check with all the insurance providers, get a handyman insurance quote, and finally, choose the one that best fits your needs.

Lets us walk you through a few basic questions that would answer all your queries.

How much will my insurance cost?

There are a few factors that will decide how much insurance coverage you will receive. They depend on your postal code, team size, coverage length, and the limit of your cover. These factors vary

from one insurance provider to another. Hence get a quote and opt for the best that covers you for the long run.

How swiftly will I get my insurance papers on hand?

Though traditional methods consumed days to process a request, technological advancements have made it possible to get yourself insured as fast as a minute. No kidding. Almost all the service providers have mobile apps that will make it easier for you to change the details within a snap of your fingers. For safety reasons, few clients prefer handymen who have insurance coverage. It enables you to gain an upper hand and choose your bid over others.

Apart from General Liability, are there any other types?

There are five other insurance policies available for a handyman. They are

  1. Commercial Auto Insurance
  2. Commercial Property Insurance
  3. Workers’ Compensation
  4. Surety Bond
  5. Business owner’s policy

Does the General Liability policy cover injuries of my team?

No. General liability policies cover the damages accidentally made by you or your team to your client. However, Worker’s Compensation policy covers the handymen who work for you from unexpected injuries.

What do insurance policies cover?

Though different insurance provider’s policies comprise of various aspects, there are a few situations covered in common. They are as follows

  1. Physical injury: When your client or their family gets hurt physically because of a mistake on your side, though unintentional, you pay for them. And the severity may vary from a small scratch on the hand to visiting the ER.
  2. Client’s property damage: Similar to bodily injury, if a ridiculously expensive piece of artwork is broken by you, though unintentionally, at your client’s, you pay.
  3. Cost of the defense and medical coverage

Though insurance is not compulsory for a handyman, it is smart to insure yourself before setting your foot out of the house. It saves you from all unexpected and unplanned monetary losses.

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