Handyman and small repair businesses keep our shops, apartments, homes, and essential equipment operating smoothly. From minor plumbing repairs to replacing electrical components, swapping light fixtures, replacing our locks, fixing the garbage disposal, and everything in between, your small handyman business is vital to people's lives and to the economy as a whole! 

Whether you just started out and want to insure your handyman business and compare quotes online, just think of starting one and want to explore handyman insurance costs and coverage options, or you’re just trying to understand how handyman business insurance works, you’ve come to the right place! 

Below, we’ll discuss all of the basics that you need to know about purchasing handyman insurance coverage, how to get quotes from the best handyman insurance companies on the market, how to get cheap handyman insurance costs and quotes by doing an online comparison and more. 

Let’s get our hands busy, shall we? 

Do Handymen Need Insurance? 

Whether you need self-employed handyman insurance or you run a slightly larger business with a few employees and helpers, having a basic handyman insurance policy is essential. A small handyman business insurance policy can protect your business from damage or injury claims that you would otherwise be held personally liable for. 

Your handyman insurance serves as a protective barrier between you and claims that could financially destroy your business. So, that being said, yes - handymen do need insurance and will be smart to have it!

Purchasing small handyman business insurance is relatively simple and easy. It’s fairly easier than getting commercial construction insurance and even insurance for roofers. Generally speaking, running a small repair service is a relatively low-risk field of work, so purchasing insurance for handyman work is neither complicated nor overly expensive. 

Handyman Liability Insurance

General liability insurance for handyman business is the most common type of insurance coverage you’ll need. General liability insurance policy covers most of the tiny mishaps that can happen in your day-to-day business operations, such as bodily injury claims or property damage. For example, suppose a client trips over your extension cord and twists their ankle, or you accidentally break their refrigerator. It will cover any legal fees resulting from lawsuits filed against your business by customers, employees, business owners, suppliers and more. In that case, your handyman liability insurance policy will cover any associated costs and protect you from being held commercially or personally liable for the damage.  

Handyman Commercial Auto Insurance

If you have an official work truck that’s registered under your company name, then you may want to consider purchasing a commercial auto insurance policy. If you’re going to be towing around a trailer or truck bed full of tools and various materials, things can sometimes fall out and may cause damage to other vehicles on the road. Additionally, if you drive your commercial vehicle without load or trailer, you may need bobtail insurance coverage as well.

Your commercial auto policy will provide coverage for these types of accidents and will also cover you in the event of a larger accident. You may also be able to save money by bundling your commercial auto policy with your handyman liability insurance. 

Handyman Insurance Cost

How much does handyman insurance cost? Purchasing insurance for handyman work is usually quite affordable. The factors that can affect the price of your monthly and annual premiums include:

• The type of repair work you specialize in. 

• The city you work in. 

• Whether or not you have employees. 

• Your gross receipts or annual income. 

• Whether or not you’ve made previous business insurance claims. 

• How much your coverage limit is. 

In general, the average handyman business insurance cost is $57 per month, or $678 per year, for general liability insurance coverage. 

Additionally, some handyman businesses need commercial auto insurance as well. The average handyman commercial auto insurance cost in America is $145 per month, or $1,720 per year.

Handyman Liability Insurance Cost

If you’re looking to purchase liability insurance for handyman business, then you’re probably wondering what are its average rates that some of the best handyman insurance companies provide. In general, as mentioned above, the average handyman liability insurance cost is $57 a month or $678 annually. As we discussed, rates may vary, depending on the risk factors listed above and other risk factors. However, we put together a list below of the average handyman liability insurance cost charged by the top handyman insurance companies to give you a good idea of what to expect. 

Best Handyman Insurance Companies

If you’re looking for the best insurance for handyman business, then look no further! We’ve reviewed 5 of the top providers of insurance for handyman company such as yours! In addition, we’ve included a brief background on each insurer, notable pros and cons, who is it most suitable for, as well as our rating. Enjoy!

Handyman Insurance Geico

Geico is one of the biggest insurance agencies in the United States, and they provide a wide range of small business insurance policies designed to protect you from any claim that could come your way. Geico has received very good reviews as far as their pricing goes, and they offer a number of deals that you won’t get from some of the smaller specialty insurers. Additionally, Geico also has an incredibly easy-to-use mobile app that allows you to keep track of your billing, claims, or pull up instant proof of insurance if a client asks for it. 

Pros:

• Offices nationwide for easy access. 

• Competitive pricing and deals. 

• Handle claims and billing through the Geico smartphone app. 

Cons:

• Some complaints about how insurance claims are handled. 

Best For: Small self-employed handyman businesses. 

Average Cost: $67/month for general liability coverage. 

Rating: 3.8/5

State Farm Handyman Insurance

Before State Farm ever started offering auto insurance, they offered small business insurance for farmers in the American Midwest. This means they have a long history when it comes to providing insurance for handyman services. They also have great rates on workers’ comp policies (if you have employees). 

One of the best reasons to choose State Farm is that they have excellent ratings as far as customer service and satisfaction go. Also, if you ever have to make an insurance claim, you want the process to be simple and easy. With State Farm, you’ll be treated with respect by your agent and get a fair deal on liability insurance for a handyman service. 

Pros:

• Stellar customer service reputation. 

• Handling claims is easier than other insurers. 

• Nationwide offices make it easy to reach an agent. 

• State Farm has a long history of providing small business insurance. 

Cons:

• Pricing may vary heavily from one state to another. 

Best For: Mid-sized handyman companies with less than 10 employees.  

Average Cost: $61/month for general liability coverage. 

Rating: 4/5

Allstate Handyman Insurance

Although Allstate has built a reputation for being a bit more expensive than other small business insurance providers, you’ll get what you pay for. They have a long list of industries that they specifically cater to (including handyman services), which means that you’ll never have to question whether or not you have the coverage you need. 

Allstate also has several “preferred partners” they work with to provide discounted rates on important small business services such as payroll. Lastly, they offer great deals on bundling, which means that you could bundle a general liability, commercial auto, and even workers’ comp into a single umbrella policy and save a good bit of money. 

Pros:

• Insurance packages designed specifically for small handyman services. 

• Deals on bundling liability, commercial auto, and workers’ comp. 

• Get great deals on payroll by working with Allstate’s partner network. 

Cons:

• Allstate is a bit more expensive than other insurers. 

Best For: Mid to large-sized handyman businesses that need to bundle policies and run a payroll. 

Average Cost: $63/month for general liability insurance. 

Rating: 4/5

USAA Handyman Insurance

If USAA accepts you, then they have the best small business insurance rates on the market! They’re able to provide such affordable rates because they cater specifically to active and retired members of the US armed forces and their immediate families. 

From commercial auto to general liability, workers’ comp, and more, USAA lets policyholders build a policy from the ground-up that suits their specific needs. Once you’re a member, you don’t have to worry about sudden increases in your premium. USAA also has outstanding customer service ratings when it comes to handling claims. 

Pros:

• Outstanding customer service. 

• Build a policy from the ground up. 

• Incredible deals for small business insurance. 

• Bundle your policies together. 

Cons:

• Only available to active duty or retired military members and families. 

Best For: Military veteran or reserve handyman business owners. 

Average Cost: $45/month

Rating: 5/5

Next Handyman Insurance

Unlike the other insurers we’ve reviewed so far, Next is new to the insurance scene and was just recently founded in 2016. In the few short years they’ve been in business, though, they’ve developed a great reputation for providing low-cost small business insurance, an easy claims process, and above-average customer service. 

What allows Next to keep their insurance rates so affordable is that they use artificial intelligence to handle most of the claims process. This cuts down on agents and payroll, allowing the company to pass the savings onto their policyholders. 

Pros:

• Affordable small business insurance for handyman services. 

• Piece together a policy that works for you.

• Fast and easy claims process. 

• Good customer service. 

Cons:

• Relatively young company. 

• No physical offices mean that getting in touch with an actual agent can take a while. 

Best For: Self-employed handyman businesses. 

Average Cost: $48/month for general liability coverage. 

Rating: 4.5/5

How To Get Cheap Handyman Insurance

If you’re trying to get a cheap handyman insurance quote, then the best thing you can do is to compare handyman insurance quotes online. Depending on where you live, you may be able to take advantage of specific deals offered by insurers in your area. Generally speaking, getting cheap general liability insurance for handyman is quite easy as this type of policy is quite a cheap business insurance policy anyway.

While performing a quick Google search for “handyman insurance near me” may provide you with some results, the easiest way to compare quotes is to use our handyman insurance quote generator. Simply press the ‘Get Quotes’ button below, enter some basic information on your business, and you’ll be presented with competitive quotes from numerous local and nationwide insurers that operate in your area! 

Once you decide on the insurance provider that you want to do business with, there are several other steps that you can take to ensure that you get the best deals on handyman insurance policies. 

The easiest way to get a good deal is to offer to pay a higher deductible. This means that you’ll pay a larger sum out of pocket if you do make a claim. However, the flip side is that you’ll pay lower monthly premiums. 

Another great way to keep your insurance costs low is to bundle your policies together. For example, suppose you plan on purchasing multiple policies such as general liability, commercial auto, and workers’ comp. In that case, it’s a better idea to bundle them all through the same company and sometimes on a BOP instead of going through multiple different insurers for different policies. 

By bundling your policy, you’re effectively dividing your risk across multiple policies, decreasing your overall risk as a policyholder, and reducing your premiums costs.