Mistakes happen. What if your handyman business is sued because of a mistake? Is your company ready to face the costs of legal claims? Liability insurance for handymen can help. Get a free quote and buy online with APOLLO insurance in under five minutes.
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You’re responsible for a whole host of repairs and maintenance around your clients’ homes. It’s part of keeping their property functional and safe. Whether you’re installing bathroom grab bars for an elderly couple or repairing the drywall of a new parent’s home, you should be aware of the risks you face.
For example, if you fail to install a grab bar properly and your client slips during a shower, you might be legally and financially liable for their injuries. Such an accident doesn’t even have to be your fault. The grab bar might have had a defect. But your client only needs to perceive their injury as your fault to sue your business.
APOLLO Insurance protects your handyman business with bespoke insurance plans that cover your company from client and third-party lawsuits. Our network of top Canadian insurers provides affordable plans. Get a free quote and purchase from any device — 24 hours a day, 7 days a week.
The proper liability insurance for handymen prepares you for your less-than-perfect days. You understand if something goes wrong, your business won’t be financially liable to legal claims and more. Your insurer ultimately pays legal fees, damage awards, and settlement costs on your behalf.
As a result, you can take ownership of errors since it won’t mean a significant financial consequence for your business. It’s in your insurance coverage’s hands now.
Because you can afford to admit and remedy your mistakes quickly, people feel confident working with you. If you otherwise tried to avoid it, upset clients might give you a poor review and damage your company’s reputation.
As a handyman, you do more than fix cupboards and perform general carpentry. You run a company! Insurance isn’t mandatory for most handymen unless you’re a licensed contractor, but it’s a vital part of running a business.
The right insurance means your company won’t declare bankruptcy or face preventable financial hardship due to a lawsuit. Your business insurance plan is ready to take action and pay for costs on your behalf.
Some clients mandate that you have insurance, especially your corporate ones. The right policy shows your clients you’re a professional. Having it prepared further shows you came to the table ready. It means you thought through your business risks and took steps to mitigate them. This show of professionalism proves to your prospects that you’re the person they want to work with.
Don’t think that business insurance only benefits you when you make a claim. It actually provides value every day. When your business is insured, you have peace of mind that a legal claim won’t throw your company into a spiral.
An angry client that threatens to sue or a mistake you made on the job won’t keep you up at night. Whatever happens, you know you’ve taken the proper steps to mitigate your risks. This peace of mind as a small business owner is priceless.
You face many dangers as a handyman. Imagine you install a shelf for your client. You drill holes into the drywall to secure the shelf during the process. A pretty easy job. But after you leave, the shelf falls because it wasn’t tightly secured.
The shelf’s fall breaks your client’s television and home theatre system. The client then comes to you for compensation — $4,300 is what they need to replace whatever your faulty shelf installation broke.
Other risks arise from cases of bodily injuries and property damage occurring during your work. Suppose you’re bringing your toolbox into a client’s home. You accidentally wave it a bit too hard, and it damages the expensive fountain in their front lawn. Your clients expect you to pay the repair or replacement costs for their fountain, which is upwards of $5,000!
Or, suppose you’re doing some carpentry work. Outside of the client’s home, you’ve prepared heavy-duty machinery to cut wood and fix other materials. You’re using an outlet that’s pretty far away, but you have an extension cord.
If the mailman or a neighbour doesn’t notice your cord and trips over it, they might injure themselves. These injuries would require medical expenses and other fees. As a result, the injured person might sue your business to compensate for these costs because you left your power tool cords out in the open.
Your van usually contains all the equipment you need to do your work. There are wrenches, drills, hammers, and more. The culmination of these tools can cost thousands of dollars. If someone breaks into your van when it’s parked and steals all your equipment, you might suddenly need to spend thousands on replacing the tools you use daily. This is another way your business could face a sudden financial fallout.
The right insurance ultimately remedies the financial consequences of all these situations. That’s why insurance is so vital for your business. The right policy means you won’t face surprise costs resulting from a lawsuit and/or damaged, destroyed, lost, or stolen equipment.
Handyman business insurance costs vary between companies. Find out what it costs for your handyman business by getting a free quote from our online portal.
We determine your monthly handyman insurance premiums based on several factors: