General liability insurance for handyman

If you’re running a handyman business, securing the right insurance coverage is crucial to safeguarding your operations. One of the most important types of coverage you can have is General Liability Insurance. This insurance protects your business from the financial risks associated with accidents, property damage, and legal claims that can arise while you’re on the job.

What is General Liability Insurance for Handymen?

General Liability Insurance is a type of insurance that provides coverage for common risks associated with running a handyman business. It covers claims related to:

1. Bodily Injury: If a client, subcontractor, or bystander is injured due to your work, this insurance can cover medical expenses, legal fees, and settlements.

2. Property Damage: If you accidentally damage a client’s property while working on a job, general liability insurance will help cover the costs of repairs or replacements.

3. Personal and Advertising Injury: This includes coverage for claims of libel, slander, or copyright infringement arising from your advertising or business practices.

    

Why Do Handymen Need General Liability Insurance?

Even the most experienced handymen can face unexpected accidents or incidents. Here are a few reasons why General Liability Insurance is essential for your handyman business:

1. Client Requirements: Many clients, particularly commercial ones, may require proof of liability insurance before hiring you. This is especially true for larger projects where the risk of property damage or injury is higher.

2. Financial Protection: Without general liability insurance, your business could be responsible for paying out-of-pocket for expensive claims. A single accident could potentially bankrupt a small business.

3. Legal Compliance: Depending on your location, you might be legally required to carry liability insurance, especially if you operate a registered business or employ other workers.

    

What Does General Liability Insurance Cover?

Here’s a closer look at what general liability insurance covers for handymen:

1. Bodily Injury Coverage:

   • If a client slips on a wet floor you’re working on and gets injured, this coverage pays for their medical bills, legal fees if they sue, and any settlement or judgment awarded by the court.

2. Property Damage Coverage:

   • For instance, if you accidentally knock over and break an expensive vase while moving furniture, your insurance would cover the cost of replacing it.

3. Legal Defense Costs:

   • If you’re sued over an accident or damage, your insurance will cover the cost of legal defense, including attorney fees and court costs.

4. Completed Operations:

   • Even after you finish a job, you can still be held liable if something goes wrong later, such as a shelf you installed falling off the wall. Completed operations coverage protects you from these post-job claims.

      

How Much Does General Liability Insurance Cost for Handymen?

The cost of general liability insurance for handymen varies based on several factors, including the size of your business, the types of jobs you perform, your location, and your claims history. On average, handymen can expect to pay between $400 and $1,200 per year for general liability insurance.

Tips for Choosing the Right General Liability Insurance

When selecting general liability insurance for your handyman business, consider the following tips:

Assess Your Risks:

• • Consider the types of work you do and the potential hazards involved. For example, if you frequently work with electrical systems or heavy machinery, you may need higher coverage limits.

General Liability Insurance is a critical component of risk management for any handyman business. It protects you from the financial impact of accidents, property damage, and legal claims, allowing you to focus on providing excellent service to your clients. By securing the right coverage, you can ensure that your business is prepared for whatever challenges come your way.

If you’re ready to protect your handyman business with comprehensive general liability insurance, THAgency can help. Contact us today to get a free quote and find the best insurance solutions tailored to your needs.