Handyman Business Insurance

Business insurance costs for handymen typically depend on a couple things like: what kind of projects you have, the number of employees you have, how much money you make and so on. At Foxquilt, we don’t believe in padding your insurance policy with unnecessary coverages just to make an extra buck. Giving you a tailored insurance policy means you pay for only the coverages you need to protect your business - nothing more, nothing less.

It is typically recommended for contractors like handymen to have insurance: -Insurance protects your business during the unexpected, like someone stealing your equipment from a jobsite or one of your coworkers getting hurt at work. Having insurance means you won’t have to pay for hospital bills or damages out-of-pocket; this is especially important if you’re a new business with limited funds. -Accidents aside, you could also have an alleged claim. Even if it’s unfounded, insurance can help provide the legal fees to defend your business. -As your handyman business grows, it’s inevitable that someone will eventually require you to show proof of insurance to secure a job, contract or license.

Yes, subcontractors are typically required to carry their own insurance too. Most insurance policies don’t cover other contractors so subcontractors usually need their own coverage for their work and business as well.