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Handyman Complying with Michigan Insurance Laws

Sunday, Oct. 31st 2010 6:47 AM

The Wolverine State follows a No-Fault auto insurance system that is designed to protect residents extensively following a traffic accident regardless of which party is found responsible of fault. Motorists much purchase three basic types of coverage to be in compliance with Michigan’s laws which include Personal Injury Protection (PIP), Property Protection (PPI) and Residual Bodily Injury and Property Damage Liability (BI/PD).

The state requires that all motor vehicles registered must be insured, and although the cost of coverage can be quite expensive, especially in cities such as Detroit, failure to comply with Michigan car insurance requirements can become much more of a hassle than maintaining a policy. Individuals caught without automobile coverage can be convicted of a misdemeanor and fined from $200 to $500, or sentenced to jail for up to one year or both. A thirty day license suspension can also be issued by the court which may be lifted by providing proof of an active policy. In addition to these consequences, being in an uninsured driver involved in an automobile accident can make the situation much worse; the motorist may be held liable for all injuries and damages resulting from the accident and can be subject to a lawsuit.

What Required Michigan Car Insurance Covers

The main reason why the cost of automobile coverage in MI can be quite expensive is that aside from requiring three types of protection, the amount of compensation included with the minimum policy requirements are extensive and cover policyholders for major expenses that may arise from a traffic accident. The Property Protection (PPI) portion of a policy will pay up to $1,000,000 for damage a motorist causes while operating their automobile to another party’s property. It will also cover damages to another person’s properly parked vehicle although it does not pay for any other damage to cars.

Bodily Injury and Property Damage Liability must be purchased with the minimum amounts of $20,000 for bodily injury to one person, $40,000 for bodily injury per accident and $10,000 for property damage in another state. This type of coverage is usually necessary in the case that the insured causes an accident where somebody is killed, seriously injured, permanently disfigured, or a non-resident is involved in which case they may not have Personal Injury Protection (PIP) to cover their injuries. This will also cover property damage caused by the insured while in another state.

Personal injury protection is quite extensive and will provide very helpful benefits should one need it. Included in the coverage is compensation for all medical and rehabilitation costs, 85% of income that was not earned due to the injuries sustained up to $4,878 a month for up to three years and $20 a day in replacement service to pay for services that the insured cannot perform such as yard work and housekeeping. As one can see, the cost of policies may be high in MI, but come with quite a bit of protection. For more information one can view a publication titled, Brief Explanation of Michigan No-Fault Insurance provided by the state which also explains mandatory No-Fault and optional coverage that is available.

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Handyman insurance quotes is available on a state by state basis in Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Dist of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming. Find the best Handyman insurance quotes from some of the finest and solid insurance companies who compare liability coverages based upon your own personal choices.
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Handyman Insurance

Insurance might not be the first thing someone thinks about when running a business, but it should be an important consideration.   Handyman insurance is another requirement if you are thinking about starting a handyman business.  This website provides important insurance information on Handyman Insurance Coverage and quotes.

Handyman Insurance Coverage

Handyman insurance includes several types of coverage; each one offers a specific kind of protection for your business.  

(Handyman Insurance ) Commercial Auto: Covers a business's owned, no owned, and hired autos against liability and physical damage losses. 

Handyman Workers Compensation:  If your business as a Handyman employs any staff (including part-time, trainees or sub-contractors), Employers liability insurance cover is a legal requirement.  Employers liability insurance provides protection against your legal liabilities to pay compensation in respect of injury sustained by your employees in the course of your business as a Handyman.  (Handyman Insurance) Workers Compensation: Provides coverage for an employer's responsibility in the event of a work-related injury or illness.   Employers Liability Insurance for handyman work: This type of insurance would cover payment of legal fees and damages in the event that an employee was injured or killed while doing work for you. 

Tradesman Insurance for handymen: This is a package of several different kinds of cover for handymen, making up one policy that meets all your insurance needs.

Public Liability Insurance for handyman work: This type of insurance would cover you if your business activities caused injury or death to a member of the public.

Handyman General Liability - Commercial jobs will require you to have general liability coverage of $1,000,000 to $2,000,000 prior to being hired (not to mention that you protect your assets if something goes wrong on the job).

Products liability insurance for Handymen - Products liability insurance provides protection against your legal liability, compensation costs and expenses following injury or damage by goods that you have sold, supplied, repaired, tested or delivered in connection with your business as a Handyman.  Products Liability insurance for Handymen at 1,000,000 with the option to increase to 2,000,000 up to 5,000,000 or more.  Public Liability insurance cover provides protection against your legal liability for injury to third parties and damage to their property in connection with your business as a Handyman.

Professional Indemnity Insurance for handyman work: This covers you against any mistakes you might make  including bad advice you or your staff might give  that ends up costing your clients money, and leading them to take legal action against you.

(Handyman Insurance ) Umbrella Coverage: A broader form of coverage that extends the limits of liability found in a base policy form. 

Income Protection Insurance - If the essential person should be unable to work for a period of time, this handyman insurance helps to cover the loss of business as a result of the illness or injury.  Having sufficient income protection insurance is also a worth while consideration, if you were to fall off a step ladder or hurt your back and couldnt work, accident, sickness and unemployment insurance could help you to pay for some of your monthly bills in the event of you not being able to work.

The Handyman Insurance Program gives our policyholder comprehensive coverage for their handyman businesses, and the program is designed for Handymen who: Are hired to do a variety of miscellaneous work that would be found in a residential household environment;

Please note that standard home owner's insurance will most likely not cover business assets, and may VOID your home insurance coverage.  If your business is home-based, do you need more liability coverage than your home insurance policy covers. 

The Handyman program gives our policyholder comprehensive coverage for their handyman businesses, and the program is designed for Handymen.

Handyman Insurance Quotes

Find information on insurance companies and agents, rate quotes and comparisons, insurance buying tips, claims filing information and much more. Find the best Handyman insurance quotes liability commercial and small Handyman companies offering affordable monthly payment options for your handyman business and the self-employed.  Find the best Handyman insurance quotes from some of the finest and solid insurance companies who compare liability coverages based upon your own personal choices.  Get online quotes for handyman insurance now.  And it can help you save money on your handyman insurance without compromising on the level of cover you need.  The Handyman tradesman insurance policy has been crafted to cover all your Handyman insurance needs at the most competitive price.

 

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