Public Liability Insurance
Yes, handymen typically need public liability insurance to protect them from claims of injury or property damage arising from their services. Public liability insurance protects against injury, damage, claims made by third parties. Handymen opt for $5 million cover minimum, but for real estate agencies more may be required.
The amount of insurance depends on the size of the business. For example, $2 million yearly cover can cost around $591. It is not required by law but most would say needed as it covers third party accidents, property damage, and anything damaged when running a business.
Employer’s and Personal Accident Insurance
If handymen have employees, they are legally required to have employer’s liability insurance, which ensures employees are protected if they become ill or injured on the job. Also, personal accident insurance is important as a crucial form of protection that helps safeguard handymen and clients from unexpected accidents during work.
Handyman Insurance in California
Handymen typically need public liability insurance in California How much depends on business size and includes damage to property, personal injuries and death – such as knocking over a customer’s vase. This coverage helps protect from third party accidents, illnesses, injuries employees may experience.
How Much Does It Cost?
The cost of handyman insurance in Florida depends on the type and amount of coverage you purchase. Coverage typically starts around $300 per year for general and professional liability.
Insurance Requirements
If jobs are valued over $2,500, or you advertise as a contractor, Florida requires some form of insurance. In Miami-Dade, you need:
- General liability insurance
- Professional liability insurance
- Worker’s compensation
For small operations, general liability coverage starting around $300 per year is recommended. Speak with an agent or broker specializing in this insurance to determine the best plan. This coverage is important in Florida due to high disaster risk and financially protects handymen and clients if accidents occur.