Insurance coverage is necessary for virtually every type of business, including handyman businesses. In fact, handymen have a higher than average need for insurance: they are regularly in homes or businesses, have regular contact with the public, and any mistakes they make can cause incredible problems for the customer down the road. If you need an insurance quote for your handyman business, contact us for an estimate; we’ll guide you through what products you need.
What Type Of Insurance Handymen Need
The typical insurance policy package for handymen includes a few specific coverage options to ensure that you are fully protected. Some of the essentials you are likely to see include:
- General Liability
- Tools Coverage
- Auto Insurance
These are the most important types of insurance for a handyman to have, but other insurance coverage options may also be helpful. These depend on what type of work you tend to do. Building insurance and cyber liability are the most common add-on insurance policies.
How Much Is Handyman Insurance
Handyman insurance policy prices vary depending on where you live and what coverage you need. Your business’s history of work may also affect the prices. As you’re building a business plan, you can start with these numbers for budgeting purposes:
- General Liability Insurance for a handyman could start from around $500 per year.
- Tools coverage for a handyman starts at $200 per year to cover $10,000 of tools.
- Auto Liability Insurance for a handyman could start from about $900 per year for a pickup truck.
Since the actual cost of insurance for handyman businesses varies so much, the best way to determine your cost is to call us and get a direct quote.