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Being a handyman is a job, with unique risks. If you’re a handyman, you’re likely to take on a wide variety of tasks. One day you might find yourself mending a broken gutter, and the next you are installing a bathroom railing. Not only that, but most of your work is conducted on, and with, other people’s property. As a result, it’s vital to get insurance that can protect against the risk of injuring yourself, your customers, and their possessions. Accidents can happen, but if you’re properly covered, they don’t have to mean disaster. In this article, we’ll discuss the different kinds of insurance that you should consider as a handyman on the go.
Public Liability insurance
For most handymen, starting work without public liability insurance is a very risky proposition. Public liability insurance covers you for claims arising from injury to third parties, or damage to their property. For handymen, this will ordinarily mean customers and their property, but it could also be a neighbouring property, a guest, or even a passer-by.
Public liability insurance covers you for claims made in the case of injury, for example, if you accidentally drop a spanner from a roof, and it injures a passer-by. It can also cover you for claims that arise through work you’ve performed, for example, if a pipe joint you placed bursts and floods the floor of a house. Public liability insurance won’t cover the cost of replacing the pipe joint work itself, but it can cover damage caused by the flood. For this reason, public liability insurance is vital for most handymen, and keeps protecting you even after the job is done.
General Property insurance
If you’re like most handymen, you likely keep your own collection of tools, which you take to jobs. Depending on the variety of work you do, these may even be quite expensive. You can cover your tools from accidental damage from any location with General Property including when at customer’s sites. When you take out cover of this kind, it’s important to specify high value items over $2500 separately in your policy. Otherwise you may find that your most valuable tools aren’t covered for the full amount when something happens.
Personal Accident and Sickness cover
As a handyman, you’re often called in to do tough jobs that your customers can’t manage by themselves, and these tasks may put you at risk of injury. Personal accident cover can pay out your average weekly income for certain accidents, so that if you need to stop working, your income doesn’t have to. Personal accident cover is usually bundled with sickness cover which may be able to pay a weekly benefit if you are too ill to go to work, depending on the illness. You can also elect cover for permanent injury under capital benefits, paying you a set amount in the event of injury. As a handyman you need to get the job done to get paid, these kinds of cover can provide a helpful stop gap while you’re unable to work.
A range of cover options
Every handyman does different work, and uses different equipment. As a result, it’s essential to make sure that the insurance you obtain covers you for your unique circumstances. Insurers such as Allianz Small Business Insurance offer the Small Business Advantage Pack and Trades Pack, which offer covers such as Public Liability, General Property and Personal Accident and Sickness. Customers are able to choose from these optional covers to meet their needs.
Brought to you by Allianz Insurance
