Every Type Of Insurance A Handyman Needs

Shawn Plummer, CRPC

Chartered Retirement Planning Counselor

Every Type of Insurance a Handyman Needs

General Liability Insurance

  • Purpose: Protects against financial loss due to bodily injury, property damage, or personal and advertising injury caused by your services, business operations, or employees.
  • Example: If a ladder falls and breaks a client’s window, general liability insurance can cover the costs.

Professional Liability Insurance (Errors and Omissions Insurance)

Commercial Property Insurance

  • Purpose: Protects your business property, equipment, and tools against damage or loss.
  • Example: If your tools are stolen from your vehicle, this insurance can help replace them.

Workers’ Compensation Insurance

  • Purpose: Required if you have employees. Covers medical expenses and lost wages for work-related injuries or illnesses.
  • Example: If an employee gets injured while working, this insurance covers their medical bills and part of their lost income.

Commercial Auto Insurance

  • Purpose: Covers vehicles used for business purposes, including damages from accidents, theft, or vandalism.
  • Example: If your work van is involved in a traffic accident, this insurance helps cover the repair costs.

Umbrella Insurance

  • Purpose: Provides additional liability coverage beyond the limits of your other policies.
  • Example: If a claim exceeds your general liability policy’s limit, umbrella insurance can cover the excess amount.

Life Insurance

Retirement Insurance (Annuities)

Health Insurance

Disability Insurance

Tool and Equipment Insurance

  • Purpose: Specifically covers the tools and equipment used in your trade.
  • Example: If your tools are damaged in a fire, this insurance can help cover the replacement costs.
Insurance A Handyman Needs

Comparing The Best Handyman Insurance Companies

This chart provides a concise comparison of the four insurance providers based on their unique selling points, coverage options, advantages, and disadvantages.

Insurance ProviderWhy ChosenCoverageProsCons
Next InsuranceRecognized for its low premiums, straightforward policies, and quick online quotes.General liability, errors, and omissions, tools and equipment.Affordable premiums, easy online sign-up, same-day coverage, 10% discount when bundling.Limited customization options; coverage restrictions in some states.
The HartfordOffers a wide range of coverage options tailored for handymen.General liability, commercial auto, professional liability, workers’ compensation, and more.Some outdated digital tools; certain coverages are only available through an agent.A long list of excluded activities; limited policy limits.
ThimbleBest for short-term coverage with flexible policy terms.Over a dozen personalized coverages, multiple discounted policy bundles, a strong reputation in workers’ comp.On-demand policies by the hour, day, or month; no deposit required.Over a dozen personalized coverages, multiple discounted policy bundles, and a strong reputation in workers’ comp.
HiscoxRecognized for its low premiums.General liability, commercial property, commercial auto, workers’ compensation, and more.Most general liability policies cost $30 or less per month.No specific equipment coverage for handymen online; not available in Alaska.


A handyman requires a variety of insurance types to fully protect themselves, their business, and their future. These insurances cover risks ranging from property damage and professional errors to personal health and retirement planning. Ensuring adequate coverage in all these areas is crucial for the security and sustainability of your handyman business.

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Frequently Asked Questions

Do handymen need public liability insurance?

Yes, handymen typically need public liability insurance to protect them from claims of injury or property damage arising from their services.

How much is insurance for a handyman?

Insurance for a handyman typically ranges from a few hundred to several thousand dollars, depending on the size of the business and other factors.

Shawn Plummer, CRPC

Chartered Retirement Planning Counselor

Shawn Plummer is a Chartered Retirement Planning Counselor, insurance agent, and annuity broker with over 14 years of first-hand experience with annuities and insurance. Since beginning his journey in 2009, he has been pivotal in selling and educating about annuities and insurance products. Still, he has also played an instrumental role in training financial advisors for a prestigious Fortune Global 500 insurance company, Allianz. His insights and expertise have made him a sought-after voice in the industry, leading to features in renowned publications such as Time Magazine, Bloomberg, Entrepreneur, Yahoo! Finance, MSN, SmartAsset, The Simple Dollar, U.S. News and World Report, Women’s Health Magazine, and many more. Shawn’s driving ambition? To simplify retirement planning, he ensures his clients understand their choices and secure the best insurance coverage at unbeatable rates.

The Annuity Expert is an independent online insurance agency servicing consumers across the United States. The goal is to help you take the guesswork out of retirement planning and find the best insurance coverage at the cheapest rates

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