As a handyman, you have a lot of responsibilities when it comes to your business. You have to make sure that your clients are satisfied with your work, and you also have to keep your tools and equipment in good condition.
However, accidents can happen no matter how careful you are. That’s why it’s important to have insurance to protect your business. Here are three must-have handyman insurance policies that you should consider.
1. General Liability Insurance
General liability insurance is a policy that will protect you if you are sued by someone who is injured on your property or as a result of your work. For example, if you accidentally damage a client’s property or a client slips and falls on your property, this policy will cover the cost of any legal fees or damages that you may be required to pay.
General liability insurance is essential for any handyman because accidents can happen at any time. Even if you are careful and take all necessary precautions, accidents can still occur. By having this policy, you can protect your business from any unexpected costs that may arise.
2. Workers’ Compensation Insurance
Workers’ compensation insurance is a type of insurance that covers the medical and wage-replacement costs of employees who become injured or ill as a result of their job. This type of insurance is mandatory in many states, and failure to provide coverage can result in serious legal and financial penalties.
Workers’ compensation insurance is essential for any handyman because it helps to protect both the employer and the employee in the event of an injury. Without this coverage, the employer may be held liable for any medical bills or lost wages that the employee incurs due to an injury on the job. This type of insurance also provides peace of mind to the employee, knowing that they will be taken care of if they are injured while working.
Overall, having the proper workers’ compensation insurance is important for any handyman. Not only does it protect the employer from legal and financial liability, but it also provides peace of mind to the employee. This type of insurance is necessary to ensure the safety and security of both parties, and it is a key component of any handyman’s business.
3. Commercial Auto Insurance
Commercial auto insurance is essential for businesses that use vehicles for their operations. This type of insurance provides coverage for any damage or injury caused by an accident involving the business vehicles. It also covers the cost of repairing or replacing the vehicles in the event of a collision or theft.
Commercial auto insurance is required for any business that has a fleet of vehicles, as well as for companies that use vehicles for business purposes. This type of insurance is important for businesses that use vehicles to transport goods or services, as it can help protect them from major financial losses. It can also provide peace of mind for business owners knowing that their employees and customers are properly protected.
Conclusion
As a handyman, it’s important to protect your business with insurance. General liability insurance, workers’ compensation insurance, and commercial auto insurance are three must-have policies that you should consider. These policies will protect your business from any unexpected costs that may arise from accidents, injuries, or damages. By having these policies in place, you can focus on providing quality work to your clients without worrying about the potential risks to your business.
Pascal Burke Insurance Brokerage Inc. is here to provide you with handyman insurance in Arizona. Get a FREE quote from us today!