If you want to take out handyman liability insurance, then you will know how frustrating the whole process can be. You may feel as though there are just too many options to choose from and that you can’t possibly keep up with them all. Either way, with this guide, you can be sure to find out whatever you need to know.
What Is Liability Insurance?
When you take out liability insurance, you will be covered for everything that you could be responsible for. On top of that, you will be covered for events that are out of your control. In other words, if your partner or even an employee happens to be responsible for an accident that causes damage to a third party then you can protect your livelihood. A lot of policies will cover a certain amount as standard. Usually this is between $2000-$2,000,000. The amount that you choose will be completely up to you and sometimes you can even set the terms of your policy too. When you take out this kind of cover, you are essentially going to be covered for any loss of earnings, loss of future earnings or even compensation too. It will also cover you if you have to defend the claim or if you are found to be at fault for any reason at all.
When do you Need Public Liability Insurance?
If you take out handyman liability insurance then you will be covered for a huge number of things. As mentioned above, you will be covered for personal injury to a member of the public or even to a customer. When taking out your policy, you have to make sure that you are covered for injury to the public and injury to the person who you are working for. You should have this type of cover if you are a handyman who deals with any kind of trade, regardless of how much or how little business you have.
What to Look For
If you’re not sure what to look for when taking out your insurance policy then you need to try and look for things such as public liability cover and temporary employees too. When you have this kind of cover, you will usually be covered for a certain amount of people and you will also be covered for a set duration of time too. This is ideal because if you need someone to help you out in a hurry then you don’t need to worry about your liability regarding the situation. You also need to make sure that your policy covers any working partners you have if you are registered as being in a partnership. Cover for your business stock can also be an optional extra too. If you are not sure if your insurance policy has this or not, then you can easily talk to your provider to find out more. This type of cover will protect you if any of your equipment becomes damaged during an accident, involving the public or a third party.