Why would anyone need handyman insurance? Insurance coverage seems unnecessary and expensive if you don’t need it, right? You probably already have workers compensation, so what more do you need? You may have your own handyman business and believe that not every small business needs insurance coverage. If anything goes wrong, you’ll deal with the damage then.
The question is, as a handyman or small business owner doing this type of work, will you be able to afford claims for property damage, personal injury, bodily injury with medical bills, or legal fees?
A handyman can specialize in construction, electrical or plumbing-related work, but most handymen have the ability to carry out many different types of home projects. If you are a handyman and you are a jack-of-all-trades, you must not forget that this type of work involves risks to your employees and third parties.
Hazards for any handyman business
What can go wrong in handyman work? Let’s take a quick look at some of the hazards that come with the kind of work a handyman like you does daily. Here are 5 trouble spots you should always try to avoid when doing handyman services:
- Chemical injuries
Some common house repair injuries include chemical injuries such as eye injuries, burns and respiratory problems. Chemicals are used for removing mold, painting cabinets and wall, and other purposes. When working with chemicals, you and your employees must take safety measures seriously. Do not underestimate the toxicity and strength of chemicals.
Chemicals should be used in properly ventilated areas. To prevent, respiratory injuries, use fans and keep windows open. Wear gloves to protect hands from burns. Make sure that the gloves do not come in contact with your face. No matter how careful you are, bad things can happen.
Handyman liability insurance protects against you bodily injury claims as a result of dangerous chemicals.
Bodily injury can happen at any time. What if the space isn’t adequately ventilated and your client is harmed. Could you afford the medical payments? This is one of the reasons that make getting handyman insurance one of the best things you can do.
- Electrical injuries
Electricity can cause many different types of injuries. Some of them are small and some fatal. Handyman services often involve the use of electricity – you can’t get away from this in a handyman business. You should adopt safety measures even when you are doing a simple task such as small rewiring or changing a light bulb.
Here are some reminders of how to avid medical bills or worse:
- Before you handle electrical devices, make sure the sources of electricity is turned off.
- Power outlet and electrical wiring should be clutter-free.
- Avoid performing electrical repairs if there is a body of water near the site.
- Take safety measures very seriously.
Handyman insurance is an investment that is worth every penny, especially when you think of the financial consequences of unforeseen bodily injury to your client or another third party as a result of your work.
This doesn’t mean that a handyman insurance policy should be expensive. Your insurance agent must evaluate the specific insurance needs of your handyman business before preparing a quote.
- Ladder injuries
Every year, nearly 200,000 handymen are injured on ladder in the USA alone, according to a report by the National Safety Council. When doing handyman services, your workers are likely to spend a lot of time climbing ladders. Your insurance agent will take this risk into consideration when preparing your handyman insurance quote.
The importance of handyman insurance
It’s important to know that handyman insurance covers only third parties. To cover your employees, you need worker’s compensation packages. The knowledgeable insurance agents at Contractors Liability can assist in finding a handyman insurance package that includes worker’s compensation and works for you and your employees.