Handyman Insurance: Everything You Need Know & More

Read on for all the information you need to know about small business liability insurance.

Join hundreds of
Handyman
companies that use Servgrow to grow their business!

Before we get into it, we have a lifetime promo for your Handyman business!

Servgrow Handyman Software

Handyman Software is one of the most important things to have when running a Handyman business. Servgrow will help streamline your business, effectively communication back and forth with your customers, save you huge amounts of time each week and give your customers an amazing experience that will have them coming back to you for life!

Lifetime PROMO: Get our GROW plan for PLUS pricing- for life! (Limited licenses left, so hurry!)

GROW Plan Incudes: All current features and future features every built for one low monthly price!

Try Servgrow for free now!

field service software

Scheduling/Dispatch (drag and drop), estimates, invoicing, job images, 2-way text, forms/checklists, auto reminders, auto follow ups, online booking, customer portal, auto ask for review  and so much more!

One of the biggest mistakes one can make when starting a handyman business is to operate without liability insurance. For a fledgling business, the money spent on insurance may appear to be a waste. However, you risk going bankrupt if you get sued and you don’t have liability coverage. Read on for all the information you need to know about small business liability insurance.

Cost Of Handyman Insurance

The amount you will pay will depend on where you live, the type of services you offer and the rate you negotiate with your insurer. Insurance is costlier in some states such as Nevada whereby you can expect to pay as much as $1000 a year for an established handyman business. On average you should budget between $500 to $1000 a year for handyman insurance. This cost should be passed on to your clients as a cost of about $1 per hour should be added to your fees to cover liability insurance.

To get the best possible rate shop around and get quotes from three different providers. This will give you an overview of how much you can expect to pay. Shopping from different providers also gives you a stronger footing to negotiate a final price with your preferred provider.

Types Of Insurance

There are several types of handyman insurance that one can take out. These include insurance plans that can cover property, tools,  cyber activities, and even advertising. However, the only insurance you really need to take out is general liability insurance. This should cover you for at least 2 million dollars in damages annually. With at least a 1 million dollar liability per claim.

Is Handyman Insurance Necessary?

In many states, you do not need liability insurance to start a handyman business. But it is a necessary cost to protect your clients from any damages to their property in the course of your services. Many clients will be looking at your contract to ensure that you have insurance cover of at least $1million.

While many established handymen and handyman bloggers stress the importance of general liability insurance, you may be able to get by without it the first few months of business. This is because you will still be scouting for clients and won’t do much work. Just take the utmost care when doing your work so that you don’t damage your clients’ properties.

But once you start getting clients then it is important to get insurance to protect yourself and your clients. Once your income supports it, there is no excuse not to get handyman insurance. Also, if your state requires you to have insurance to operate as a handyman business then you must take out a policy. Additionally, if you intend to work on bank-owned properties or apartment complexes it is best to take out liability insurance as they will require proof before you can do work on these properties.

Where Can You Get Liability Insurance?

To find a good insurance company it is best to ask for recommendations from other handymen that you know. Alternatively, you could search online for insurance brokers or insurance companies in your area.

Are you interested in becoming a handyman? Then read the rest of our blog for more tips on running a successful handyman business.

Pro Tip: Does your website stand out from your competitors? 77% of customers make judgment on a company's credibility based on their website design. Check out the latest and greatest Handyman websites or better yet, have Servgrow build you one for free!

Handyman Promo Givaway: 100 Lifetime Founders Licenses Giveaway!

If you're in the handyman business, you know how important a CRM is to your business (invoicing, estimates, auto reminders, back and forth communication, etc.) and we're giving away Servgrow Founders Licenses to an additional 100 lucky Handyman businesses!
Start a Free Trial
Take your Handyman business to another level with our industry leading Handyman software. Servgrow has helped hundreds of Handyman businesses run and grow their company, join them today!
Start a Free Trial

Over 8,000 top 3 rankings! (✅Verified)

Customers asked and we delivered! We don't often have a preferred business but we know how important SEO is to our Handyman customers.

Get a FREE audit below from our preferred SEO company for Handyman businesses.

Research is in for best results in:
Handyman
SEO
See what our preferred SEO company can do for your business. Prepare to be excited!
We hate spam just as much as you do, so we'll keep your email safe. Read more about our amazing privacy policy here.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
By using Servgrow, you agree to our Cookie Policy. Learn More