Do Handymen Receive Coverage From Their Employer?
Whether handymen receive any insurance coverage from their employer normally depends on their employment status and their employer’s policy.
Professionals who are actual employees often have some coverage from their employer, but coverage may be lacking or insufficient in some cases. These professionals should review their employer’s policy with an insurance agent to see whether a supplemental policy is appropriate.
Professionals who work as independent contractors or subcontractors are usually less likely to receive coverage from an employer. While hiring contractors might provide coverage in select cases, this typically isn’t a standard practice. Many professionals who are independent contractors will want to purchase a self-employed handyman insurance policy to protect themselves.
Professionals can sometimes see whether they’re employees or independent contractors by checking their end-of-year tax documents. Employees typically receive a W-2, while contractors generally get a 1099.
What Coverages Do Self-Employed Handyman Policies Make Available?
Professionals who get their own self-employed handyman insurance coverage normally have multiple individual coverages to choose from. Some coverages that handyman may want are:
- General Liability Coverage, which might cover basic accidents that result in injuries to others or property damage to others’ property
- Commercial Umbrella Coverage, which might cover especially expensive lawsuits with a supplemental layer of liability protection
- Business Property Coverage, which might cover facilities, equipment, tools and supplies that a handyman owns
- Commercial Vehicle Coverage, which might business-owned or personal vehicles that are driven for work
- Crime or Theft Coverage, which might cover business-owned vehicles, equipment, supplies or inventory against theft
- Inland Marine Coverage, which might cover equipment, supplies or inventory as they’re driven between locations
- Business Interruption Coverage, which might cover sustained revenue losses that are caused by certain disasters
Coverage options can differ from one policy to the next, so it’s important to compare different policies when searching for the right combination of coverages. An independent insurance agent can help compare policy options from various insurance companies.
How Much Are Self-Employed Handyman Insurance Premiums?
Premiums for self-employed handyman insurance are based on a number of factors. Items like the following may impact premiums:
- The location of a business
- The service area of a business
- The equipment that a business uses
- The services that a business offers
- The limits and deductibles chosen for a policy
Even with variance among premiums, however, most self-employed handyman policies are quite affordable.
How Can Professionals in Massachusetts Get Handyman Insurance?
If you need handyman insurance in Massachusetts, contact the independent insurance agents at Paul T. Murphy Insurance for assistance. We’ve worked with many professionals in the state, and we’ll work with you to find a self-employed handyman insurance policy that’s well-suited for your situation.
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