Handyman insurance is a type of insurance that covers a wide range of services offered by a handyman. It is designed to protect the handyman from liability for any damages or injuries that occur during the course of their work. Handyman insurance helps protect handymen from financial loss due to a customer’s injury or property damage that results from the handyman’s services.
Handyman insurance is an important form of protection for handymen. It helps protect them from financial loss due to a customer’s injury or property damage that results from their services. In this guide, we take a look at what types of insurance a handyman should have.
1) General Liability
General liability insurance is an essential type of insurance for any handyman to have. It will help protect the handyman from any claims of bodily injury or property damage that may arise from the handyman’s work.
It will also cover any legal costs associated with defending against such claims. General Liability insurance can provide the handyman with peace of mind that they are protected in the event of any claims against them.
2) Professional Liability Insurance
Professional liability insurance offers important coverage for handymen, as it provides protection in the event of a customer filing a claim against them. This coverage provides financial protection in the event of a customer alleging negligence or mistakes that result in a financial loss.
Professional liability Insurance may also provide coverage for advertising liability and copyright infringement. This coverage is especially important for handymen as their work involves a certain level of risk.
3) Equipment Insurance
Equipment insurance is essential for any handyman. It helps to protect tools and other equipment from damage or theft. It can also provide coverage for any damage or loss that occurs in the process of using the equipment.
This type of insurance is especially important for those who frequently use expensive tools and equipment in their work. It can also provide peace of mind that the handyman’s valuable tools and equipment will be protected in case of an accident or theft.
4) Cyber Insurance
Cyber insurance is an increasingly popular form of insurance for handymen, as it can help protect them from any kind of cyber attack or data breach. Cyber insurance can provide coverage for legal and forensic expenses, financial losses, reputational damage, and other liabilities related to cyber-attacks.
Cyber insurance also provides protection from extortion threats, as well as from any kind of data breach or lost or stolen data. Cyber insurance can also provide coverage for cyber-related damages, such as restoring lost or corrupted data, or for remediating any security vulnerabilities that may have been exploited in a data breach.
5) Workers’ Compensation Insurance
Workers’ Compensation Insurance is a type of insurance that protects handyman businesses from the financial costs associated with workplace accidents or illness, including medical bills, lost wages, and legal fees.
This coverage is typically required by law in most states, and it can provide peace of mind to small business owners who are concerned about the potential costs of workplace injuries. Additionally, it can offer protection against employee lawsuits related to workplace accidents.
Conclusion
Handyman insurance can be a great way to protect your business and provide peace of mind. It is important to consider the different types of coverage available and the associated costs to ensure that you have the right coverage for your needs.
If you are considering full coverage for your handyman business, Pascal Burke Insurance Brokerage Inc. has you covered. We offer business insurance in Gainesville, FL to protect you from any liabilities. Get in touch with us to get started.