Types of Insurance a Handyman Can Get
It is not easy being a handyman considering the risks that come with the job. Anything could go wrong while working on certain tasks as requested by clients. In the event that handymen cause even more problems while working, it is best to have handyman business insurance to cover the costs. This will give you peace of mind knowing that your client will most probably ask you to pay for the damages. Here are the different types of insurance policies you should consider for your business.
Public liability insurance
This is the most commonly required insurance policy for handymen. All real estate agencies and property managers look for this insurance before they allow you to work for their clients. Even if you have direct contact with clients, you will likely be asked to show that you have this insurance.
This is a protection for manual workers like handymen. While working, you might knock over a vase and not realize just how expensive it is. The insurance will take care of the cost if you have it. More serious problems like causing injury to the client while you are working will also be covered by this insurance. For instance, your client might trip over an extension cord and suffer injuries. This insurance will cover the medical expenses.
You need a huge collection of tools as a handyman. Without them, you cannot perform your job well. If these tools were stolen, everything would be put on hold. You won’t be able to do many jobs even if you still have a few tools left since most tasks require a combination of many tools. Theft is a major problem in this industry. These tools might seem cheap but the entire collection could be valuable. This insurance will cover the cost of replacing the tools. Aside from theft, fire damage or other natural disasters might lead to this problem, and so it is great to have this insurance to protect you.
Income protection insurance
You enjoy flexibility in working hours since you control when you can work and when you can’t. Of course, you don’t want to run out of work since your income is based on how much work you can do in a day. When you are injured or ill, you can’t work. You have no source of income. This insurance will help you. Whether you are too ill to work, or you have been involved in an accident, you can claim on this insurance if you have it. This allows you to continue with income while you are recovering.
You need insurance as a handyman not just because you are required to do so, but because you really need the coverage.