Contractors’ insurance protects against the financial risks present at all stages of business operations.
Handymen are skilled professionals hired to perform a wide range of repair and maintenance tasks in residential and commercial settings. They are skilled in various areas, such as carpentry, plumbing, electrical work, painting, and general home repairs.
While handymen provide invaluable services to homeowners and businesses, the use of specialized equipment and power tools puts them at risk of bodily injury or property damage. Additionally, they may work on properties with hazards such as asbestos or mold, which can pose serious health risks to their employees.
A comprehensive insurance package will provide the necessary protection needed in the event of accidents, injuries, or property damage during the course of business operations.
Handyman general liability coverage forms a strong basis for a comprehensive insurance protection package.
Obtaining insurance coverage that includes bodily injury liability, property damage liability, defense costs, and products-completed operations is vital for handymen who understand the constant hazards at a job site.
A handyman general liability policy provides this crucial protection.
A handyman workers’ compensation policy protects your workers in the event of job-related injuries or illnesses.
Handymen workers’ comp insurance covers medical bills, lost wages, and funeral expenses.
Most states impose severe penalties and fines on employers who do not maintain continuous handyman workers’ compensation coverage.
A handyman surety bond is a consumer protection product that guarantees you will fulfill your obligations per your bid.
Many states and project owners require a handyman surety bond before beginning business operations.
Company owners who utilize personal vehicles for business-related activities, such as carrying equipment, tools, and construction supplies, need a handyman commercial auto policy to protect themselves against theft, vandalism, or at-fault accidents.
Handyman commercial auto insurance provides limits of up to $1 million, hired, or non-owned vehicle coverage, and allows for unlimited work vehicles and drivers.
Handymen rely on expensive tools and equipment to perform daily business operations.
Handyman tool and equipment insurance provides vital coverage against potential risks such as damage or theft during transit, storage, or at the job site.