The repairs and rebuild of interiors, homes, and even commercial buildings require a handyman. They are professionals like carpenters, electricians, plumbers, or technicians. Without these skilled professionals, we cannot proceed in the repairs of any infrastructure. The small business owners, independent handyman, or even contractors work in the handyman business. The business never has any guarantee for the forever smooth running. You can face a terrible situation even the next morning. To safeguard you and your dream business, we suggest a Handyman Insurance. This will not only boost your business but ascertain you about security.
Different kind of Insurance Policies for Handyman
Handyman professionals are truly artistic in approach. They carry amazing renovations. So for their safety and security, we bring out the different insurance policies for them.
Here are the details of the policies:
General Liability Insurance
The cost-effective general liability insurance policy will save you from claims. The handyman can incur property damages or bodily injuries to the clients while performing his task. This is basically a third-party insurance claim posed by the clients. The other coverages include task not completed on time, medical expenses for accidents. The accusations of defamation cases are also seen under this.
Commercial Auto Insurance
The business requires vehicles to better functioning and timely completion of the task. The owners can face incidents of theft or accidents by their vehicles. The medical expenses in such cases are covered up in commercial auto insurance. You can also include collision, comprehensive, uninsured motorist covers in your tailored policy.
A surety bond or a handyman bond is the contract between you and the bond issuer. This acts as a potential for claims by clients due to your mishap in work. In this bond, clients become the guarantee often. This increases your professional rate and bond cover-up for financial loss.
Commercial Property Insurance
Handyman requires lots of tools and materials to work. They generally go to the client’s house for working. This involves the movement of tools from one place to another. Tools can get damages in such cases. So, to provide the tools in the workplace or in-store, commercial property insurance is being designed. This protects your tools everywhere, right from your workshop in the workplace. Some companies also provide better inland marine coverage.
Business Owner’s Policy (BOP)
BOPs are considered as the most advanced and cost-effective policies for the handyman. It is actually a package of policies that include commercial property, general liability as well as business income. Now, you have all the perks of three different policies in one policy itself. Isn’t it awesome to have for handyman professionals and contractors? That is why this is one of the highly commendable policies.
Workers’ Compensation Insurance
When employees face accidents and get injured, workers’ compensation insurance acts for their medical bills. Moreover, when they lose wages, employment, then also this coverage comes in their rescue. Even they pay for the rehabilitation, prescriptions along with medical bills.
Going through so many different policies, now choose the best for your handyman business. Avail the tailored Handyman Insurance that best suits you need.