Risk Considerations for the Professional Home Handyman:

Business Liability 

Securing liability insurance for your business activities may not always be mandatory. However, performing handyman or construction services without liability insurance means exposing your personal assets as compensation to another party for damages caused by your work. When reviewing a business liability insurance policy, here are a few important considerations:

Who is an insured?  This section of the policy explains which people and/or parties will be legal status of your business. For example, if you operate as a sole proprietor, you, your

spouse, employees and a few other parties may be

such as a general contractor who hires you to assist with

a remodel or a landlord who owns the building where your shop is, may request this status by endorsement. Your Trusted Choice® Independent Insurance Agent can help you with such

requests.

What are exclusions? Exclusions are descriptions of actions or conditions that, should they occur, are not covered by the insurance policy. Business liability insurance policies differ, but

they all contain exclusions that could harm your ability to access the protection of your policy.

For example, many business liability insurance policies contain an exclusion for the costs associated with replacing your damaged work. you break a pipe and cause your

home to flood. In this case, your policy should cover the resulting water damage to the home but will not pay your costs to replace the broken pipe or redo your faulty workmanship

that caused the damage.

If you ever hire the services of subcontractors to work on your behalf, its important to review the exclusions in your policy to determine if damages they cause would be covered by your policy.