As a handyman, having the right insurance protection is essential to protecting your business and livelihood. Whether you’re a sole proprietor or part of a larger business, your insurance needs will depend on the services you offer, the size of your business, and other factors.
General liability insurance is one of the most important forms of protection for any handyman business. Handyman liability insurance provides coverage for any third-party bodily injury or property damage claims that arise from your business activities.
It also covers legal expenses and medical bills if you are held liable for an accident. This type of insurance is especially important as a handyman, as you often work in people’s homes and may be exposed to a variety of risks.
You may also want to consider workers’ compensation insurance, which provides coverage for any medical bills or lost wages incurred by employees in the event of a workplace injury. This is especially important if you employ other people to help with your handyman business.
In addition, you may want to purchase professional liability insurance, which covers any losses or damages that result from mistakes you make while performing your services. This type of insurance is especially important if you provide advice or services related to home improvements, as it can protect you from any potential errors or omissions.
Finally, you should always make sure to have a comprehensive business insurance policy in place. This type of policy will provide coverage for any losses or damages to your business property, as well as any legal fees that may arise.