As a handyperson, you’ll do completely different jobs on any given day, so it’s greatest to at all times be ready with the correct insurance coverage protection to guard your livelihood. We perceive the significance of a fast quote with high quality protection, easy accessibility to your coverage, a streamlined claims course of, and an organization that cares about you.
Utilizing our proprietary rubric specializing in monetary stability, buyer satisfaction, comfort, and insurance policies provided, we reviewed practically 20 corporations to search out the six greatest handyman insurance coverage brokers and suppliers:
Finest Brokers for Handyman Enterprise Insurance coverage
Finest Suppliers for Handyman Enterprise Insurance coverage
Finest Brokers for Handyman Enterprise Insurance coverage In contrast
Finest Suppliers for Handyman Enterprise Insurance coverage In contrast
Merely Enterprise: Total Finest Dealer and for Shopping for Insurance coverage On-line
Professionals
- Instantaneous COI
- Ease of use
- Help providers
Cons
- Not open seven days per week
- Not all coverages, together with property, obtainable on-line
- Claims submitting course of
Standout Options
- Is a one-stop-shop for insurance coverage from completely different suppliers
- Affords fast on-line quotes
- Permits insurance policies to be bought on-line
- Gives a devoted agent that will help you handle your coverage
Monetary stability: Vacationers bought Merely Enterprise in 2017 and has a monetary score of A++ (Superior) from AM Finest, one of many older insurance coverage credit standing businesses.
Merely Enterprise is the very best general dealer for handyperson insurance coverage due to its quote, coverage buy, and coverage administration methods. In 10 minutes or much less, it generates free quotes from high suppliers so that you can evaluate. It even offers you the pliability to tailor the boundaries and deductibles based on your wants.
Its biggest weak spot is availability, because it’s open solely on weekdays, plus it doesn’t have an app. Whereas legal responsibility and employees’ comp can be found on-line, another coverages, like industrial property, are solely obtainable in the event you name and converse with a devoted agent. If managing your coverage with an app or creating and immediately sharing a COI for work is essential, then think about Subsequent Insurance coverage, our top-recommended handyperson insurance coverage supplier.
When searching for a handyperson coverage, Merely Enterprise supplied 5 quotes from carriers, together with Hiscox. The typical value for the insurance policies was $977 yearly, and there was no details about month-to-month funds.
The insurance policies had been for a normal legal responsibility coverage for the time period of a yr with a $1 million restrict. There was no protection within the coverage in your instruments. Nonetheless, you’ll be able to at all times name Merely Enterprise to debate protection choices if you’re on the lookout for greater than legal responsibility.
Merely Enterprise is offered in all 50 states. The quoting course of is fast and straightforward—we obtained 5 quotes in lower than 10 minutes. When you discover a coverage that’s proper for your corporation, you should buy it on-line with out chatting with anybody. If you’ve made a purchase order, you obtain a replica of the complete coverage and a certificates of insurance coverage (COI). Should you’re a handyperson who desires a one-stop store in your coverage, that is your best choice.
Merely Enterprise supplies you with a private account the place you’ll be able to handle your coverage, add extra insureds, request a COI, and file a declare. There may be additionally a information for contractors with state-by-state necessities to acquire any vital licenses.
Customers have given it excessive marks on third-party assessment web sites. On the impartial buyer assessment web site Trustpilot[1], Merely Enterprise has a rating of 4.8 out of 5 stars from virtually 900 opinions.
CoverWallet: Finest for Vary of Protection Choices
Standout Options
- Affords fast on-line quotes
- Permits insurance policies to be bought on-line
- Is a one-stop-shop for insurance coverage from completely different suppliers
- Gives a devoted agent that will help you handle your coverage
Monetary stability: CoverWallet’s handyperson insurance policies are from top-rated suppliers with excessive monetary rankings:
CoverWallet is a web based insurance coverage dealer that may present quotes from a number of top-rated carriers, like Chubb, Liberty Mutual, and The Hartford. It has an amazing coverage administration system and lets you request instantaneous COI for any new jobs. The providers it supplies, together with the comparability potential, make it the very best dealer for handypersons wanting to check quotes.
When you often can’t buy a coverage on-line like you’ll be able to with Merely Enterprise, CoverWallet has a broader vary of protection choices to buy on-line. It could actually present industrial property, skilled legal responsibility, and industrial auto insurance coverage quotes so that you can evaluate, permitting for broader protection for your corporation.
After answering a couple of questions, CoverWallet supplied one quote from Hiscox—though it said that extra had been obtainable, we had been requested to name to debate these in additional element. The quoted plan was a normal legal responsibility coverage with a $1 million restrict and a $2 million combination protection. It additionally included blanket extra insureds. The price of the coverage was $4,107 yearly or $342 month-to-month.
Along with offering a number of quotes inside 10 minutes, it additionally supplies coverage financing choices. The coverage is paid in full for a yr by CoverWallet, and you then work out a cost plan to keep up the protection. The dealer affords a self-service pockets to handle your coverage on-line, together with entry to associated paperwork and certificates of legal responsibility.
Prospects have given CoverWallet a constructive rating on eKomi[2], the place it has a rating of 4.7 out of 5 stars from practically 800 opinions.
Subsequent Insurance coverage: Total Finest Supplier for Handyman Insurance coverage
Professionals
- 1,300 professions coated
- App for industrial insurance policies
- Versatile cost plans
Cons
- Not open 7 days per week
- No devoted 24/7 name heart
- No industrial auto insurance coverage obtainable
Standout Options
- Doesn’t require paperwork to request a quote or bind a coverage
- Affords skilled legal responsibility robotically with its normal legal responsibility coverage
- Affords tailor-made protection for industrial and residential technicians
- Has excessive limits of as much as $30,000 for instruments and tools
Monetary stability: Subsequent is a more recent service, however it has created a powerful monetary basis to pay claims. It has a score of A- (Wonderful) from AM Finest.
Subsequent Insurance coverage is our general greatest supplier for handyman insurance coverage as a result of it has the required vary of insurance policies for handypersons, affords the power to get instantaneous insurance coverage and a COI on-line free of charge, and tailors insurance policies for small companies within the building area.
It additionally supplies inland marine for instruments and tools as an add-on to normal legal responsibility insurance coverage. This comes with three ranges of protection: primary, professional, and professional+, with limits for the instruments ranging between $3,000 to $10,000. The inland marine insurance coverage covers tools, miscellaneous instruments, and borrowed instruments and tools.
A supplier much like Subsequent Insurance coverage however with a bigger quantity of accessible protection, like industrial auto, is The Hartford. You probably have a devoted work van that hauls your instruments round and also you drive for work, then think about The Hartford.
When looking for a quote from Subsequent, it often affords a number of choices with completely different ranges of protection. We obtained three choices:
- Fundamental protection was $1,787.75 month-to-month and included $1 million in complete normal legal responsibility insurance coverage and $20,000 in skilled legal responsibility insurance coverage.
- Premier protection prices $1,827.84 month-to-month and contains the identical legal responsibility protection as the essential, however with an added $5,000 for instruments.
- Deluxe protection prices $1,976.50 month-to-month, with $2 million combination normal legal responsibility protection and $50,000 skilled legal responsibility insurance coverage. It additionally included $10,000 for instruments and tools.
The deductible for instruments for each the premier and deluxe protection is $500.
You may get a bindable quote for a coverage in 10 minutes with out trailing paperwork, regardless of the career. Whereas Subsequent is offered in all 50 states, sure protection might not be obtainable relying on the state you’re in—for example, inland marine isn’t obtainable within the state of New York.
Its prospects are proud of their expertise, as Subsequent Insurance coverage has lower-than-average complaints with the NAIC. At present, there are over 5,000 consumer opinions on its web site[3], with a median rating of over 4 out of 5 stars.
Subsequent has an iOS and Android app that makes dealing with a coverage extremely handy for a handyperson. Via it, you’ll be able to add extra insureds, get instantaneous proof of insurance coverage, change protection, and file a declare.
The Hartford: Finest for Impartial Contractors
Professionals
- 24/7 claims line
- Fast on-line quote
- Instantaneous entry to coverage
Cons
- No app for industrial traces
- Often unable to buy a coverage on-line
Standout Options
- Has a web based portal for fast entry to coverage paperwork
- Affords short-term insurance coverage for fast initiatives
- Gives a straightforward and fast citation and utility course of
- Affords a number of coverages relying on the undertaking
Monetary stability: The Hartford has been in operation for greater than 200 years and has confirmed, by a number of disasters, its monetary energy. It has obtained an A+ (Superior) score from AM Finest.
The Hartford is an skilled small enterprise insurance coverage supplier with over 1 million small enterprise prospects. It’s obtainable nationwide and has the complete vary of coverages {that a} handyman would wish. If you’re an impartial contractor, it’s your best choice as a result of it has developed core insurance policies particularly for impartial contractors. In addition to that, it may possibly create an instantaneous COI to assist with any job web site necessities.
Whereas there are areas for enchancment in comfort, reminiscent of making a cell app or making it simpler to get same-day protection on-line with out calling, the general consumer expertise remains to be glorious. It’s also the one supplier listed on this information with a 24/7 name heart.
Nonetheless, its phrases are for six months to a yr. If you’re on the lookout for short-term protection, take a look at Thimble—the one supplier on this record with short-term legal responsibility insurance coverage protection.
Sometimes, for many traces of enterprise and industries, together with contractors, The Hartford will generate a web based quote. Nonetheless, it often requires you to name certainly one of its reps to buy a coverage.
Sadly, we had been unable to get a web based quote regardless of a number of makes an attempt and had been as a substitute referred to talk immediately with The Hartford. Given the inherent threat of contractors, particularly ones within the building business, the rationale for the referral to an agent was to assessment the particular dangers of our business to ensure the quote was correct.
Should you work not solely as a handyperson but in addition as a contractor, The Hartford affords impartial contractor enterprise insurance coverage for longer-lasting initiatives. These insurance policies will fulfill the necessities of any job web site or normal contractor who has subcontracted you for work. As a small enterprise insurance coverage supplier, it affords the complete vary of protection you want, together with employees’ compensation, skilled legal responsibility, enterprise proprietor’s coverage, and industrial auto.
Prospects are fairly happy with The Hartford’s service. Its complaints for industrial insurance coverage are decrease than the nationwide common.
It lets you buy your coverage on-line or name to complete the acquisition. After buying your coverage, you’ll be able to handle your account, pay your premium, or file a declare on-line—it even has a 24/7 service heart in the event you desire to make use of a telephone. In addition to that, if a buyer desires proof of insurance coverage, The Hartford affords instantaneous COIs on demand.
Thimble: Finest for Brief-term Legal responsibility
Professionals
- Versatile coverage phrases
- Inexpensive insurance coverage
- Straightforward-to-use web site
Cons
- No 24/7 name heart
- Claims dealt with by a third-party administrator
- No industrial auto insurance coverage obtainable
Standout Options
- Affords an app for simple coverage and claims administration
- Gives short-term legal responsibility protection
- Can present a COI in 60 seconds
- Has clearly listed coverages and exclusions
Monetary stability: The quoted coverage under was by Nationwide Specialty Insurance coverage Firm, which has an AM Finest score of A (Wonderful).
If you’re simply beginning out as a handyperson or are doing the job on the facet, Thimble is your best choice. It’s the solely supplier on this information to immediately provide short-term legal responsibility insurance coverage by the day or month. The protection for short-term legal responsibility insurance coverage is offered instantly. Thimble additionally has annual insurance policies in order for you a longer-term insurance coverage answer. You may also create and immediately share free COIs as usually as it’s essential.
Nonetheless, the supplier is barely obtainable on weekdays and doesn’t deal with claims immediately as a result of it’s a managing normal agent (MGA). Whereas it’s a nice possibility for a fast quote, take a look at a dealer like Merely Enterprise in the event you’d like to check quotes to get a greater concept of the protection obtainable.
For brief-term legal responsibility, you’ll be able to select between a month or extra of protection—or lower than a month of protection. For normal legal responsibility protection that began on the time of the quote and ended at 11:59 p.m. on the identical day, it price $28.73. This was for normal legal responsibility insurance coverage with $1 million in complete protection.
Insurance policies include $1 or $2 million limits. The coverage is strictly for legal responsibility with no tools or property protection.
Thimble supplies an inventory of excluded actions whenever you undergo the quote course of, supplying you with a good suggestion of what isn’t coated within the buy.
Thimble affords iOS and Android apps for its policyholders. Whereas it doesn’t have a 24/7 name heart, the app capabilities as one, permitting you to acquire a quote, buy a coverage, handle it, and file a declare in your smartphone.
Should you’re a handyperson who does jobs within the night or on the weekend as a facet hustle, Thimble’s app makes it straightforward to get short-term protection. You may get a quote and buy a coverage for a selected job—and have an instantaneous COI to indicate to the shopper.
Should you want greater than short-term protection, it additionally affords protection for a complete yr.
Hiscox: Finest for Fast and Inexpensive Quotes
Professionals
- Impartial brokers
- Companions with a number of brokers
- Identical-day protection
Cons
- Solely obtainable on weekdays
- Should name to get quotes for larger restrict insurance policies
- Greater report of buyer complaints
Standout Options
- Affords versatile cost choices to satisfy all enterprise wants
- Permits extra insureds to be simply added to your COI
- Covers quite a few business classifications
- Has worldwide protection
Monetary stability: Hiscox obtained an A (Wonderful) score from AM Finest.
With roots that return to 1901, Hiscox has a historical past of economic resiliency and affords reductions for home-based companies. It generates quotes on-line inside minutes, and the costs are often a number of the lowest ones you can find—partly as a result of the boundaries could also be a lot decrease than the typical restrict of $1 million.
The supplier doesn’t cost a charge for month-to-month premium funds. Its goal industries are smaller companies with 5 to 10 workers, so in the event you’re a handyperson working out of your own home, that is the best choice. Its handyperson coverage covers a variety of industries, together with these of plumbers and heating, air flow, and air-con (HVAC) contractors.
As a conventional supplier, Hiscox providers the coverage and handles claims in-house. Nonetheless, it doesn’t have a 24/7 name heart for claims or customer support. If you need the identical sort of service however 24-hour availability, take a look at The Hartford.
We obtained a quote for $2,399 yearly. It affords a month-to-month possibility with $599.70 down after which 10 funds of $179.93. The quote was for a normal legal responsibility coverage for a home-based handyperson enterprise. It got here with a complete restrict of $300,000 with no deductible. It didn’t have the choice to insure your instruments.
Most insurance coverage insurance policies have a piece that particulars protection restricted to a selected territory and time. Hiscox covers your work anyplace on the planet—as long as you file the declare in the USA, a US territory, or Canada.
Whereas Hiscox doesn’t have a 24/7 name heart, its webpage capabilities like one. You may entry and handle your coverage, request a COI, and file a declare on-line. Should you do want to talk with somebody, you’ll be able to e-mail or name from Monday to Friday, 7 a.m. to 10 p.m. ET.
Some carriers would require an upfront cost or a down cost together with charges for a month-to-month plan, however Hiscox has versatile cost choices with out charges. Nonetheless, it has higher-than-expected complaints per the NAIC.
How We Evaluated the Finest Insurance coverage for Handyman Companies
We decided the very best handyman insurance coverage corporations utilizing our proprietary analysis system. We centered on the shopper’s wants and paid specific curiosity to comfort, monetary rankings (AM Finest), customer support, forms of insurance policies provided, and the general expertise as a policyholder for a selected firm.
Regularly Requested Questions (FAQs)
Handyman insurance coverage supplies safety for your corporation for claims filed, both due to legal responsibility towards you or injury to your property. Relying on the scale of your corporation, there are sometimes 4 insurance policies you need:
- Common legal responsibility is for third-party claims of damage and property injury.
- Business property is to restore or substitute any of your property, together with instruments and tools, which can be broken, misplaced, or stolen.
- A enterprise auto coverage is nice if in case you have a piece van or truck that doubles as greater than only a technique of transportation.
- Employees’ compensation is critical, relying in your state, in the event you make use of anybody as a part of your corporation.
Anybody who works as a handyperson ought to look into this protection. On the very least, most states would require handyperson legal responsibility insurance coverage in the event you search a contractor’s license.
Handyperson insurance coverage quotes think about, amongst different elements, the chance, expertise, and placement of the job—which means that the entire price would rely on the main points of your corporation. Based on Insureon, a legal responsibility coverage’s common month-to-month price is $65. Via The Hartford’s Putty, insurance policies begin at $7. At Hiscox, the bulk pay lower than $50 a month.
A certificates of insurance coverage is proof of legal responsibility insurance coverage. Generally known as a COI, it’s usually required when bidding or engaged on a job. Typically, the final contractor will request to be listed as an extra insured and the COI will mirror this request. You may study extra by our information on what a COI is, which features a pattern certificates.
Backside Line
Whether or not you’re putting in a ceiling fan or hanging drywall, it’s essential to make sure you have the correct protection. We’ve taken the time so that you can discover the very best handyman insurance coverage corporations—with Subsequent Insurance coverage being the very best general supplier. Full a brief on-line questionnaire and obtain a quote in minutes.
Go to Subsequent Insurance coverage for a Quote
Person assessment references:
1Trustpilot | Merely Enterprise
2eKomi | CoverWallet
3Subsequent Insurance coverage
