If you are thinking about creating your own handyman business, then you may have also thought about taking out handyman insurance. This can be overwhelming, but if you take the right steps, you will soon find that it is easier than ever.
Do you Need It?
If you are running a business and someone gets hurt or even if something gets damaged then you will 100% be financially liable. Sure, it isn’t a legal requirement for you to have this cover, but it is incredibly important. When you do have insurance, you will protect yourself from any claims that might be made against you and you may even find that you can convert potential customers too.
What Kind of Insurance Should a Handyman Have?
If you want to take out some form of cheap handyman insurance, then take a look below to see which ones you might need the most.
The first type of cover that you absolutely need to take out is general liability insurance. When you have this, you will be covered for any damages that you might accidentally do to someone’s property. For example, if you were to fix someone’s leaking pipe with the wrong type of washer and their home flooded, you would be liable to pay for this. If you have insurance on the other hand, then they would pay it for you so you wouldn’t have to worry about a thing. This type of cover is generally very affordable, and it is the most basic of policies too so if you want to take it out then make sure that you are at least covered for the minimum.
Goods in Transit Cover
Another thing that you need to make sure that you are covered for is goods in transit. As a handyman, your tools are required for you to make a living and you will have to replace them if they ever get damaged or broken. Of course, you may think that you look after your tools and this is great, but if you experience theft or even vandalism then this is a situation that you just can’t predict. Goods in transit cover will stop this from becoming an issue.
Another thing that you need to look out for is employee cover. If you have a team who work with you then you have to make sure that they are covered for any damages too. If you don’t then you risk your business every single time you send someone out for the job. A lot of business owners think that if they hire the right person for the job then they won’t have to worry about them not doing it right, but this is not the case, in fact, you need to make sure that they are covered for any accidents that might happen as well as helping to give them the support of knowing that you are able to protect them should anything happen.