Handyman and Journeyman
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Handyman Liability Insurance
Being a good handyman means you will most likely always be able to work. Probably every house in America needs minor repairs of some kind, maybe several. You know better than anyone that minor fixes, if neglected, can turn into major ones.
Another aspect of your job is that you are in constant contact with the public. This increases your exposure for something going awry. Mistakes can be made despite your best intentions and execution. However, there is a way to mitigate your risks. With handyman liability insurance. The policy needs to be from a reputable insurance company with your handyman profession in mind.
$38 A Month
Expenses Covered by Handyman Liability Insurance
Your business General Liability (GL) is the main component of your insurance program (which may also include workers comp and business auto coverage). It covers more and will be there if your business faces a critical lawsuit from something you or an employee are found liable for.
A GL policy normally pays out on the following:
- For the time you spend on your case
- For court costs, attorney expenses and other fees related to your defense, if you lose the case
- For court ordered judgments
- For the bond premium that the court requires
Who gets Coverage?
One of the pluses of handyman or journeyman liability insurance is that almost anyone performing duties for your business is protected. This includes you, your employees and partners. If you're incorporated it covers your directors, stockholders and even their spouses if they are sued for an action they performed while doing official business for your company.
Handyman General Liability Coverages
There are several liability coverages that come with the main GL policy (and other optional ones you can purchase). They include:
Bodily Injury: This covers anyone who is injured while on your premises and includes costs related to court-mandated compensation, doctors' visits, medical care and loss of services.
Property Damage: If you or someone officially connected to your business damages another's property in the course of doing business, property damage liability will pay out.
Products and Completed Ops: If you install any material that is found to be defective after the fact, or your handyman work isn't quite right and causes damages, your GL policy will pay out on related claims.
Medical Payments: Medical payments are paid out on minor injuries and usually carry $5,000 to $10,000 limits.
Personal and Advertising Injury: This will cover any claims arising from anyone your business advertising slanders, libels or otherwise damages the reputation of.
Damage to Premises Rented to You: This useful coverage pays out if, when you rent or lease building space, your business is deemed liable for damages to that space of structure.
Limits of liability are set up by occurrence, meaning that's the max amount that will be paid on each individual claim and aggregate which is a maximum total amount of coverage available on your policy no matter how many claims there are.
Contact the professionals at USA Business Insurance for comprehensive journeyman liability insurance.