The Different Types Of Handyman Insurance Coverage
The Different Types Of Handyman Insurance Coverage
Handyman insurance coverage is essential for any handyman business, as it protects against potential liabilities and damages that may occur during the course of work. There are several types of handyman insurance coverage available, each designed to meet the specific needs of different businesses. This article provides an overview of the different types of handyman insurance coverage available, including general liability insurance, property insurance, and tool and equipment insurance.
The Different Types Of Handyman Insurance Coverage
Handyman insurance is an essential coverage for any handyman business. It protects handymen from the risks of their trade, such as property damage, bodily injury, and loss of income. There are several different types of handyman insurance coverage available, each with its own unique benefits and features.
General Liability Insurance
General liability insurance is the most basic type of handyman insurance. It protects handymen from claims of property damage or bodily injury that occur as a result of their work. For example, if a handyman accidentally breaks a customer's window while repairing a roof, general liability insurance would cover the cost of repairing or replacing the window.
Property Insurance
Property insurance protects handymen from damage to their own property, such as their tools, equipment, and vehicles. This coverage is important for handymen who work from home or who have a lot of expensive equipment. For example, if a handyman's workshop is damaged by a fire, property insurance would cover the cost of repairing or replacing the damaged property.
Loss of Income Insurance
Loss of income insurance protects handymen from the loss of income that can occur if they are unable to work due to an injury or illness. This coverage is important for handymen who rely on their income to support themselves and their families. For example, if a handyman breaks their leg and is unable to work for several weeks, loss of income insurance would provide them with a source of income during their recovery.
