Residential Handyman Liability Insurance
A sound residential handyman liability insurance policy might be just what you need to make it through a lawsuit against your business. Daily contact with consumers, which is what your job entails, sets up situations regarding your work that may not always go as you like. Good liability insurance will protect you from any financial consequences due to minor and major miscues in your business.
Make sure, however, that your insurance not only is written by a reputable company but that it is a professional residential handyman policy.
Handyman liability insurance covers everyone who does work for your business including you, your employees and any officers serving the enterprise.
Liability Insurance For A Residential Handyman
Your general liability GL protection is a critical part of your insurance program. It is designed to be there for you if your business is the target of a lawsuit.
A GL policy will pay out on the following:
- Time you spend working on your case
- Lawyer’s fees, court costs, documentation fees, etc., that are related to your defense
- Court ordered judgments
- Premium you are required to pay for a court-ordered bond
Typical General Liability Coverages
There are several coverages included in your GL policy (Coverages not listed here might be offered for an additional charge.):
Bodily Injury: If someone is injured while at your shop, showroom, office or yard, their medical care related expenses and compensation for lost work time will be paid for.
Property Damage: In the event someone connected with your business damages the property of another, property damage will pay any bills and loss of use charges.
Products and Completed Operations: In case the materials you used to complete a handyman job turn out to be faulty and/or the workmanship is judged to be sub-standard, any claims will go under this coverage.
Medical Payments: The lower limits (usually $5,000 to $10,000) on this coverage are designed to pay bills right away as well as prevent any lawsuits.
Personal and Advertising Injury: If any advertising you have done slanders or libels another person or business, it will be paid from here.
Damage to Premises Rented to You: If damage is found on any leased or rented structure after you move out, this section of the policy will take care of it.
Liability limits are established by occurrence and in total (called the aggregate). That’s the maximum amount your GL policy will pay.
Residential Handyman Insurance FAQ
We’re big believers in keeping things simple, so ask us anything and we’ll answer honestly and without the jargon.
What is Residential Handyman Liability Insurance?
It's a specific insurance coverage designed to protect handymen working in residential settings from potential liabilities, including injuries, property damage, and legal claims.
Is this insurance mandatory for handymen?
While it varies by location and specific job requirements, having liability insurance is often essential for protection and may be required by some clients.
How are liability limits determined?
Liability limits are set both per incident (per occurrence) and as a total maximum amount the policy will pay out (aggregate). We recemend $1,000,000 liability insurance limits.
Does the insurance cover subcontractors I might hire?
Not all policies automatically cover subcontractors. You may need to either ensure your subcontractors have their own insurance or add them to your policy.
Will my policy cover work in commercial settings?
You might need to adjust your coverage or purchase additional policies if you expand your scope. Always consult with your insurance provider when making changes to your services.