Handyman Insurance, What Is Handyman Insurance?
Generally handyman operations are small businesses. If you run a handyman service as an independent contractor or you have several employees, you will most likely need a BOP other wise know as a Business Owners Policy. If you have less then 100 employees and bill less than $5 million year, this type of policy may be right for you.
Here are some of the typical covers a BOP has to offer.
* Business property: Damage to your own buildings and personal property
*Â Business interruption: Loss of income from a covered work stoppage
*Â General liability: Damage to the property of others or bodily injury to non-employees
*Â You can also add relevant “floaters” to the business owners policy or as stand alone additions. These may include:
*Â Inland marine coverage: Covers owned or rented tools and equipment and tools in transit between job sites
*Â Crime or theft: Protects tools, equipment and vehicle in storage if stolen
Since many handy men/women need a variety of tools and carry them from job to job in a truck or van. You need to protect your equipment from damage and theft.