Are Professionals Insured Through Their Employer?
Handymen and handywomen who work as employees and receive a W-2 document come tax time may be protected through their employer’s insurance policy. An agent can help these professionals review any insurance coverage their employer has for employees and determine whether an additional policy is needed.
Professionals who work for companies as independent contractors often aren’t automatically protected by another company’s insurance policy. In select circumstances, a contractor might be listed as an additional insured party, but this is not a standard practice. More often, independent contractors have to procure their own self-employed handyman insurance policy.
What Protections Are Available Through Self-Employed Handyman Insurance?
Professionals who purchase their own self-employed handyman insurance typically benefit from multiple protections. Some of the coverages that a policy might make available are:
- General Liability Coverage, which may cover slip-and-fall accidents and defamation claims
- Commercial Umbrella Coverage, which may offer supplemental protection for expensive lawsuits
- Business Property Coverage, which may cover business-owned facilities, equipment and supplies
- Commercial Vehicle Coverage, which may cover company-owned trucks, vans and cars
- Crime or Theft Coverage, which may cover equipment, supplies and vehicles in the event of theft
- Inland Marine Coverage, which may cover equipment during transit to and from job sites
- Business Interruption Coverage, which may cover prolonged revenue losses caused by certain disasters
The exact protections that a policy offers can differ.
Is Self-Employed Handyman Insurance Expensive?
The cost of self-employed handyman insurance varies, for premiums are based on many different factors. All of the following can sometimes influence premiums:
- A business’ location and service area
- A business’ equipment and services offered
- A policy’s limits, deductibles and coverages
Despite the variance, however, premiums for these policies tend to be affordable.
How Can Massachusetts Professionals Get Handyman Insurance?
For assistance selecting a handyman insurance policy, contact the independent insurance agents of The Feingold Companies. Our Massachusetts agents are able to show you quotes from multiple insurance companies, and they have the expertise necessary to help you select the best handyman policy from the ones that are available.
