What Are Liability Limits?

Liability limits are the sums in which an insurance provider will no longer protect the insured on a particular policy. The maximum amount that a specific policy will cover for a claim.

What is a Insurance Policy Exclusion/s

An exclusion is a provision in a policy referring to risks, hazards, circumstances, property, or other factors not covered under the insurance policy.

What is the Insurance Effective Date?

The effective date is the date your coverage starts on your insurance contract.  Sometimes the effective date is the same day you buy the plan,  where as other times it may not be until the first of next month or later depending on the type of insurance plan you are buying.

What is an Insurance Claim?

A claim is a demand for payment from an insurance (or bond) provider for the estimated or actual amount of a loss.

What is a Certificate of Insurance?

Certificate of Insurance: A document providing verification of your insurance coverage, such as policy types, numbers, and effective periods. Often provided to potential clients as “proof of insurance.”

What is an additional insured?

Additional Insured is a person, party, or organization not included in your insurance coverage who is added to your policy at your request.

An Inland Marine insurance policy helps to protect your tools and equipment while in transit from one client and/or project to the next. When your business is mobile, you can’t rely on property insurance to protect your assets and investments the same way as someone who does all their work in one place. With inland marine protection, your tools and equipment are covered from theft, damage, loss, vandalism and other risks as you transport them to different locations. A unique insurance policy which benefits handymen, contractors, and other skilled trades professionals.

If you take a minute to think about all the money you have spent on tools and equipment, and add up your investments in contractor equipment, it could easily come to five figures. To cover this equipment, many handymen sign up for a contractor’s equipment insurance policy, which reimburses their business for property lost or damaged due to fire, theft, vandalism, and certain weather events

If your are a handyman who have employee, you may be legally required to carry Workers’ Compensation Insurance for your employees ( make sure to check your state Workers’ Compensation laws). Given the demanding, physical nature of repairs, maintenance, and other handyman work, Workman’s Comp offers you important protection for accidents and injuries. If an employee gets hurt on the job, this policy can pay for their medical costs and lost wages and protect you from the cost of a lawsuit.

If a handyman gets into an auto accident while driving to or from a job, commercial auto \insurance can cover their lawsuit expenses and repair costs. Work driving usually is not covered by personal insurance policies, so make sure you have adequate Commercial Auto Insurance.

Handymen and repairmen can purchase an Inland Marine Insurance policy, which covers their tools and equipment while they transport it. If your tools were stolen from your truck or damaged, this policy could reimburse your losses.

Excess liability insurance, more commonly known as umbrella insurance, boosts your coverage for three common handyman liability insurance policies: general liability, employer’s liability (a part of Workers’ Compensation), and hired and non-owned auto insurance. If you use up the limits of these policies, umbrella insurance can pay for up to $1,000,000 in additional legal costs.

How Much Is a Surety Bond / License and Permit Bond?

When a handyman applies for a contractor’s license, electrician’s license, or building permit, they’ll usually need a License or Permit Bond. Local or state governments can require these bonds any time you need a license or permit.  A handyman’s License or Permit Bond typically costs $100 to $200.

A business owner’s policy packages your general liability with your property insurance. By combining these two policies, you can save on your handyman insurance premiums. general liability insurance covers common handyman lawsuits, while property Insurance reimburses your losses when equipment, tools, and supplies are lost, stolen, or damaged.

General liability insurance helps to protects handymen from lawsuits over the following.

*  Damage to customer homes, appliances, or other property.
*  Disputes over problems with your finished work (i.e., Completed Products Coverage).
*  Customer injuries caused by your work.

Liability insurance offers you vital coverage for property damage, injury, and other lawsuits. If a customer falls down due to a faulty staircase repair, liability insurance can pay the business’s legal costs, including settlements and damages.

Are you looking for quotes on handyman insurance? Receive free quotes on our Handyman Insurance website just by clicking on the “Get Quote” link. Compare coverage’s and premium and choose what best fits your needs.

Handyman insurance is must-have protection before you begin work in your customer’s home. If you do not currently have liability insurance do not keep putting it off.  Shop out our rates just by clicking on our “Start Quote” link.  Compare the plans and rates so you can buy the right plan for your handyman business

Handyman insurance can help shield you from things like injuries or property damage that could result in devastating lawsuits. If you do not currently have insurance or you like to shop our your cost then just click on our start Quote link and get your free quote today.

In the past year, the Small Business Administration has issued proposed rules that will likely result in major regulatory changes. Some of the most important changes are those relating to its mentor-protege program, and the performance of work requirements for prime contractors. The proposed rules affecting these areas have the potential to substantially alter the landscape of small business contracting in 2016

You can receive a quote that will work with you to design the best, most appropriate coverage package for your business. Some of our most common coverage’s include:

*   Liability
*   Collision
*   Comprehensive
*   Medical
*   Personal Injury Protection
*   Uninsured/Underinsured

*   Note: Coverage may not be required in all states, or may be offered in lieu of medical where required.

Get your free quote on small delivery vans to tractor-trailers, HandymanInsurance.com provides quotes on a wide variety of business vehicles, including:

*    Passenger Vehicles
*    Vans, Pickups and SUVs
*    Flatbeds and Stake Trucks
*    Box Trucks
*    Refrigerator and Utility Trucks

From plumbing contractors to high-tech start-ups, HandymanInsurance.com provides quotes for business auto protection and virtually every type of business, including yours. Below is a just a partial list of the business categories you can get a quote for:

*    Artisan Business/Service Contractor
*    Catering Businesses
*    Construction
*    Farming
*    Office
*    Pest Control
*    Retail
*    Sales/Marketing Professionals
*    Wholesale

A contractor performed a project involving the construction of stone dike extensions and other work at four sites on the Mississippi River.  Nelson, Inc.  ASBCA No.  57201 (December 15, 2015).  One of the issues was whether the four distinct sites were separable for purposes of applying the Termination for Default clause (FAR 52.249-10).  In other words, the question was whether the contractor could be terminated for failing to diligently prosecute the work on one of the four work sites, even though the overall contract allowed 165 days for completion.  The Board stated that “Where a contract is separable (sometimes also referred to as severable, or divisible) and a contractor is delinquent only as to a separable part of the contract work, it is improper for the contracting officer to terminate for default the entire contract.”  The contractor would not be prohibited from continuing performance on any of the sites where work was being performed in a timely manner.

However, the Board ruled that the termination for default was improper as to all of the sites.  On two of the sites, “Friars Point” and “Crow Island,” no separate Notices to Proceed were issued and, consequently, the time for performance of the work at those sites never commenced and there was no completion date or “delay” in performance at either site. The Board stated that “Without a start and completion date, there is no yardstick to measure whether Nelson failed to diligently prosecute the work at those separable sites.”  As to the other two sites, “Loosahatchie” and “Robinson Crusoe,” the Board found that the Corps failed to properly consider time extensions that were due and miscalculated the required completion dates at those sites.  As a result, the Board found that the default termination was “precipitate and unjustified.”

The decision applied the well-established requirement that the government has the burden of proving that the termination for default was justified. Lisbon Contractors, Inc. v. United States, 828 F.2d 759, 764 (Fed. Cir. 1987).  Discount Co. v. United States, 554 F.2d 435, 441, cert. denied, 434 U.S. 938 (1977), interprets the clause to require the government to demonstrate a “lack of diligence such that the government [cannot] be assured of timely completion” (emphasis added).  In Lisbon Contractors, 828 F.2d at 765, the Federal Circuit construed the clause to require “a reasonable belief on the part of the contracting officer that there was no reasonable likelihood that the [contractor] could perform the entire contract effort within the time remaining for contract performance.”  Since there has been a greater willingness on  the part of some government agencies to terminate contracts for default, contractors are well advised to do everything possible to prevent premature terminations and to be mindful of the considerable burden imposed on the government.

On HandymanInsurance.com you can customize a business auto insurance policy to fit your company’s specific needs. With flexible plans cover a wide variety of industries and vehicles so that your business is always protected.

Protect your employees and vehicles with commercial auto insurance, because road conditions, weather and other drivers on the road are beyond your control. On HandymanInsurance.com you can get your free quotes today.