The multipurpose traits of a handyman are desired by many homeowners and business owners who just don't have the skills or time to complete certain tasks. You may be skilled at a handful of jobs or you just might know it all. Regardless, you've established a business that brings home an income and you want your earnings to go toward your personal needs and desires, not toward hefty lawsuits. Imagine that after you fix a client's sprinkler system you are accused of damaging his fence. You're confident that you had no part in damaging his property, but would you be able to afford legal representation without liability insurance for handyman contractors? This handyman insurance will pay to settle your lawsuit, whether you're deemed responsible or not. Liability insurance is not only useful for covering injuries and damages caused by your business, but your clients will feel more confident hiring you knowing you're covered.
You have a lot of equipment to haul around and there are many properties you must bring it to. What if your work vehicle is damaged or destroyed from an accident? How will you get your equipment to and from job sites without it? That's why purchasing business auto liability insurance for handyman contractors is important. A commercial auto policy will cover the cost of repairing or replacing your vehicle after an accident. It will also pay for injuries sustained in an accident. Your personal auto insurance will not pay out if you are in a car accident while working. If you aren't working when an accident occurs, it may be difficult to prove to your handyman insurance agent, especially if your business logo is embellished on the exterior.
The Lay of the Land
Whether your business office is at home or at another location, it's a good idea to look into property insurance. With this coverage, your handyman insurance company will pay for damages to things like your building(s), equipment, computer(s), inventory, landscaping, and even your business furniture. The National Association of Insurance Commissioners recommends you have your property value assessed before, and periodically thereafter, any type of property insurance coverage is purchased.
Savings Within Reach
Business auto, property and liability insurance for handyman contractors are wonderful tools for protection and for establishing a successful business. If you have employees, you would be wise to look into workers compensation as well. This liability insurance for handyman contractors cares for you and your employees if there are injuries on the job. You could receive discounts on your handyman insurance if you buy a package policy or opt for a higher deductible. Shopping for handyman insurance quotes will give you a better understanding of how much it will costs to purchase your needed coverages. But in your line of work, it's not always practical to research and inquire individual handyman insurance companies on your own, which is why utilizing a free service like NetQuote is so handy. Just tell us what you need and we'll work diligently to find you several quotes from a sundry of handyman insurance companies.
See how much you could save today on your insurance. Get your free business insurance quotes today!