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.