As a handyman, you provide a variety of valuable services to homeowners and businesses. Thevariety of work you do on the property of others exposes you to physical and commercial risks. While you may always strive to do a job well, you still need to take precautions to protect yourself financially in the event that errors or accidents occur.
By working with the right insurance provider, you can build a coverage plan that safeguardsyour business in the event that you get injured, face liability claims, or cause inadvertent damage to property.
Builder's risk insurance is a special type of property insurance protects a builder or owner against damage that occurs to new or existing buildings that are under construction.
Commercial general liability typically provides coverage in case an injury or damage takes place on a business' property or while a business is operating. For instance, a customer could slip on the floor of your property, or an employee working at someone's home can slip and cause damage.
Tools and equipment insurance is a type of inland marin insurance that provides coverage if essential and expensive tools get destroyed or stolen. You can add this as a supplement to your insurance policy to typically cover heavy and rare equipment that can be difficult to replace and find.
An insurance policy for a handyman may include several types of coverage anchored by two core components: commercial general liability and professional liability.
General liability is designed to protect you against exposures related to your business operations like property damage or bodily injury caused during a job.
Meanwhile, professional liability (also known as errors & omissions coverage or professional indemnity) protects you in instances of claims made against your work by your clients. For example, if a client were to take legal action against you accusing you of performing a repair improperly, that could be covered by professional liability.
It’s important to discuss these and other policy options with a qualified insurance professional. If you have questions or are ready to start building your policy, complete the quote requesttoday. You’ll receive a free consultation and get connected to a provider that can find an affordable insurance plan.
Something many businesses don't know is that commercial insurance carriers have preferences for which types of businesses they insure.
The problem for most business owners is that they don't know which carrier is the best fit for their business, leading to high premiums or declined applications for coverage .
The 321 LaunchPad is connected to the largest network of commercial insurers available anywhere. We match your business with a qualified insurer so you get the right coverage for a fair price.