/ BLOG

4 Ways to Save Money on Handyman Insurance

Apr 16, 2023 · 4 minutes to read

Making money as a handyman is about more than what you charge for your services. The amount you spend on the products and services you need to run your business also plays a part. Your handyman insurance is one area where you might find savings that can be invested back into your business.

Young woman and a handyman saying goodbye

Here are four practical ways to help you save on handyman business insurance:

1. Compare multiple quotes

Buying business insurance is the last thing most people want to do. But buying the first policy you find to get it checked off your to-do list may not be the wisest decision. It can be difficult, if not impossible, to know if you’re getting a fair price on insurance that fits your business needs.

Comparing multiple quotes from different insurers helps you get a clearer understanding of the options available and how much they cost for your handyman business. While this may seem time-consuming, it doesn’t have to be. With BizInsure, you can compare quotes from different insurers online in a matter of minutes and get covered instantly.

2. Consider combined policies

Handymen often buy multiple types of insurance to protect different parts of their business. Many insurers offer combined coverage that addresses various business risks in a single, convenient policy. These options can be more affordable than seeking each of these individual types of coverage separately.

For example, you may want General Liability to shield you against third-party property damage and injury claims and coverage for your tools. A Business Owner’s Policy may be a good option for your business, as it combines General Liability with other types of coverage, such as Equipment Breakdown.

3. Put safety first

Your business insurance premiums may increase each time you renew your policies. This is especially true if you’ve made a claim since purchasing. Creating a risk management plan could help you save on handyman business insurance each time you re-up your policies.

Risk management sounds complicated, but it doesn’t have to be. Taking simple steps to work more safely could help you avoid many situations that might result in an insurance claim. For instance, trip and fall accidents are a common source of claims for small business owners. Keeping your worksites tidy by carefully placing tools and materials not in use could help prevent these from happening.

4. Take good care of your tools

Your tools are important for making money as a handyman. Without them, it may be difficult or nearly impossible to do your job well and in a reasonable amount of time. Theft, loss, or damage could also result in insurance claims and increased premiums.

Taking good care of your tools can help you avoid claims if you have tool coverage. Regular maintenance can help keep them in good working order for longer. Keeping them properly stored and secured, both in your workspace and vehicle, can help prevent theft or loss.

Save on handyman insurance with BizInsure

Business insurance is a popular way for handymen to protect their small businesses. Finding ways to save on your policies could help you better manage cash flow while shielding yourself against common risks.

BizInsure makes it simple for handymen to save on insurance. In just minutes, you can compare quotes and get instant coverage from A-rated insurers. Start comparing handyman insurance today!

As with any insurance, coverage will be subject to the terms, conditions and exclusions contained in the policy wording. The information contained on this guide is general only and should not be relied upon as advice.
The number of quotes provided varies between products, occupations and other underwriting factors determined by the insurers.
This information is a general guide only and does not take into account your objectives, financial situation or needs. Always check with your local licensing board when getting or renewing your general contractor license to ensure you are meeting their current licensing requirements.
© Copyright 2022 BizInsure LLC, 2015 ALL RIGHTS RESERVED BizInsure LLC; CA DBA: Simple, Smart, BizInsure Insurance Agency LLC; NY DBA: BizInsure Services LLC; NH DBA: Simple, Smart, BizInsure Insurance Agency; PA DBA: BizInsure Services LLC. 2950 Buskirk Ave Suite 300, Walnut Creek, CA 94597. License #0H81929

Get Free Online Quotes and get coverage instantly

The coverage you need for your business.

Business insurance is divided into different policies. We offer 4 types so it's easy to design the coverage that fits your business.

Professional Liability Insurance

Get a quote

General Liability Insurance

Get a quote

Business Owner’s Policy (BOP)

Get a quote

Workers Compensation Insurance

Get a quote

Let's find

The coverage you need for your business

Professional Liability Insurance

Get a quote

General Liability Insurance

Get a quote

Business Owner’s Policy (BOP)

Get a quote

Workers Compensation Insurance

Get a quote

21st Century QHC agency for Home care insurance company.
Tie J.
1685493503
Andrea Mcgee was great to work with
Audra M.
1685026766
Customer representative extremely professional and courteous!
DJ Jeff B
1684947758
I wanted to add another letter to one word on my street, and the website allows me to do that, and it took less than 5 minutes for them to approve the amendment. How wonderful, I love their service very much.
Ema F.
1684916946
Representative was very kind, helpful, and educated me well. I appreciated today's experience.
Tina P.
1684189305
Thanks for the overall service. The rates were great, and they were able to cover the services that was needed. Please call BIZinsure for your commercial needs.
Cheequanda M.
1682790376
Responsive and easy
Crime R.
1681773010
I have used BizInsure for 2 years and they make the renewal process quick and easy.
hospicecare 4.
1681475617
Excellent business and great people! They have out done our prior insurance of 23 years! Keep up the good work!
James F
1681249188
Very satisfied with the application process, Andrea was very helpful and friendly. Great service ! Thank you !
Don C.
1681232420
No waiting !!!
Renee G.
1681218692
Very good company to do business with.
Jeff M.
1681160334
Teven Lous was wonderful to work with. Thank you
Valerie K.
1680728932
js_loader

Popular Searches

Google Rating
4.5
Based on 121 reviews
×
js_loader