Artisans Insurance to fit your budget and needs
Low Cost Artisans Insurance in Decatur, GA
Insurance For a Handyman
And handymen can be especially easy to misclassify because they do so many odd jobs.
We will ask the following questions to make sure to get your classification and coverage right the first time:
- A handyman does a little bit of everything, but some of those tasks have the potential to affect their classification and their rates. For example,
- A client who maintains or secures real estate-owned property (i.e., property owned by a lender after an unsuccessful foreclosure auction) is probably not a handyman. They are in property preservation and require different insurance.
- A client who modifies or repairs load-bearing elements, such as walls or foundations, is in structural remodeling. This classification also requires different coverage than a general maintenance worker.
- Some handymen qualify for a Business Owner’s Policy, but a client whose work involves hazardous activities, such as climbing ladders or using heavy machinery, probably will not.
- Maintenance workers are typically sole proprietors, but that isn’t always the case. Recently, the industry has seen an uptick in franchises offering handyman services. Here’s what this means from an insurance standpoint:
- Sole proprietors may be able to exclude themselves from Workers ‘Compensation Insurance. We will check your state laws to be sure.
- A client who runs a handyman service may have employees who perform non-handyman tasks (e.g., administrative assistants or payroll specialists). Be sure every employee is classified correctly to minimize Workers’ Comp costs.
- Handymen who move from site to site have some extra risk exposures to consider. If our client drives to different locations for work, we will suggest they invest in Commercial Auto Insurance. Most insurers see commercial use and personal use as significantly different risks, so our clients should look into Commercial Auto even if they drive their own vehicle for work.
- We will offer an Inland Marine Insurance policy to cover equipment and tools in transit or on a worksite.
The BOP covers real estate and other property that your business owns that is located at the described business premises. If your business rents or leases its premises, the BOP provides coverage for tenants’ improvements and betterments. These are fixtures, alterations, installations or additions that you have put into the space that cannot legally be removed from the landlord’s premises.
Your biggest personal property loss exposures, however, may involve valuable machinery and equipment that moves around from job to job and is not covered by the standard property insurance. Such movable property is insured by contracts that insurers call “floaters.”
An installer’s floater covers all kinds of machinery and equipment during transit, installation and testing at a customer’s premises. Even building materials may be covered, but the more usual coverage is for equipment or machinery that only contractors install, such as heating or air conditioning. The policy can be written to cover a single job or on a reporting form, meaning that you provide the insurer with information about each new contract you undertake.
A tools and equipment floater covers the insured property wherever it is used and may include such items as hand tools, power drills, hoisting machines and power pumps.