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Handyman Insurance Why you Need to Have it
What is a Handyman? Some general professions in the field: • Electrician • Painter • Plumber • Home improvement contractor • Utility worker • Carpenter • Maintenance worker • Repair technician • Groundskeeper
What is Handyman Insurance? Handyman insurance can help protect your business when unforeseen events occur such as injury or property damage. Some common risks a handyman might face include: • Getting hurt while installing kitchen equipment • Accidental falls • Moving heavy loads In 2021, the handyman service had a market size of 4.4 billion U.S. dollars based on revenue alone. - IBISWorld
Is a Handyman License Required for Insurance? Yes. A handyman license shows that the state approves you and that customers can trust you. The requirements of a license are: • Checking State Requirements • Fulfilling State Training Requirements • Registering Your Business • Submitting Your Licensing Application
How Much Does It Cost? A typical general liability insurance plan will cost around $360 to $1,000 annually (which is about $30-$83 per month). But there are factors which affect the cost. Such as: • Policy limit • Business risk • Equipment value • Team size • Coverage length
As a handyman you can take care of your customers but do remember to keep yourself financially safe as well. Get a reliable handyman insurance policy today!