Insurance for handymen
The specialist trades that handymen operate in are associated with unique professional risks.
Generally, insurance for handymen only covers tasks that are considered typical for their profession. As such, an insurance policy for a handyman business might only provide cover for domestic work, which means you may have to inform your provider and make necessary amendments so that your policy meets certain requirements if you undertake any work on commercial premises.
Here are some other policies that you may want to consider including in your handyman insurance cover:
- Public liability insurance:
Public liability insurance protects you if clients or third parties claim they’ve suffered injury – or their property has been damaged – as a result of the work you’ve carried out. Due to the nature of your profession, this cover is usually considered a basic requirement.
- Personal accident insurance:
Personal accident insurance protects you in the event that an injury you suffer as a result of your occupation leaves you unable to work.
If you are specialised in a particular field or trade that involves a high level of risk, you may need to amend your handyman insurance policy to suit your specific needs. For example, you can give specifications such as working up to fifty meters in height or being exposed to excessive heat.
- Business equipment and tools insurance:
While working, you will usually carry tools and equipment you need to undertake your tasks. Business equipment insurance can provide protection in the event of theft, damage or destruction to your business contents. However, this may not include damage arising due to negligence or intentional acts.
- Van insurance:
There’s a good chance that you use a vehicle to carry tools and equipment needed for your work. In the event of an accident or damage to your vehicle, van insurance can cover the cost of repairs.
- Business interruption insurance:
In the event that your business is forced to cease operation due to unforeseen events such as fire or floods, it’s almost inevitable that you’ll suffer revenue losses – and your expenses may start to mount. Business interruption insurance provides protection in such circumstances and can compensate for the financial loss you experience during the time it takes to get up and running again.
- Employers' liability insurance:
Though not particularly common for handymen, if you have one or more employees assisting you in your trade, you are legally required to have employers’ liability insurance. This protects you against claims made by employees for any injury or damage they may suffer while carrying out their duties.
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