Handyman Insurance in Minnesota

Handyman insurance is important for an unlicensed contractor engaged in small home repairs, projects of short duration, home maintenance projects, and simple installations. This person is called a “handyman” or a “handyperson.”

They may perform odd jobs like carpentry, electrical work, plastering, lock change, drywall work, or painting for which no license or permit is needed. A handyman is never involved in highly skilled work—specialties like air conditioning, roofing, or furnace installation.

Sometimes, someone or the other needs to fall back on a handyman for the services he offers. As a handyman, you fulfill the needs of your community or neighborhood. Have you arranged protection for yourself, your assets, and your business against litigation and loss that may arise from something untoward while you are engaged in a project?

If not, contact our insurance professionals at 952-222-8073 or click “Get My Quote” below. 

Request for a free Handyman Insurance Quote

Your work as a handyman may involve carpentry, electric installation, flooring, plumbing, or home maintenance. Whatever your nature of work, you need handyman insurance in MN curated to address the risks you face while working. The insurance policy should be so designed that you are protected from the specific risks you face, ensuring that you are protected from your business being ruined by losses suffered due to litigation.

The Risks You Face As a Handyman

While the risks are decided by the type of jobs you perform, some of them are still common, like—

  • Any loss suffered because of claims against personal injury or property damage caused by someone working for you or you while working.
  • Equipment used for working is damaged, lost, or stolen during the job at the job site, in transit to a job site, or at your business place.
  • Claims against any damage caused by you or an employee while traveling in a company or personal vehicle. It’ll include damage caused to the vehicle, any injury suffered by your employees, and any damage caused or injury suffered by third parties.

Handyman insurance company

What Help Does Handyman Insurance Offer? 

As a handyman in Minnesota, you must consider a comprehensive package of insurance products to protect yourself and your assets from financial liabilities arising from claims.

The most important among them is probably the Business Owner Policy (BOP). These are specifically meant for businesses that employ less than 100 workers and have annual revenues below $5 million.

Damage to business property can trigger income loss and extra expenses, and damage to personal property is normally covered by BOPs. An employee’s injury or disease is a workers’ compensation claim. Bodily injury to others due to negligence is general liability insurance. A BOP includes general liability.

A BOP provides only general coverage. There is a need for additional addendums or endorsements to a policy that covers the full scope of your business activities. You may obtain these policies as standalone coverage and BOP or general liability insurance. One such coverage is inland marine.

To cite a few examples, your equipment and tools are covered by inland marine insurance as your workers travel from job to job.

Your vehicles would be covered by commercial auto insurance if there were injuries or property damage.

An injured worker would file a claim against your workers’ compensation insurance policy.

Here at our agency, our handyman insurance policies come with an agent. We are not a large service center where you get lost in the shuffle. Let us guide you in deciding on your handyman business.

All this insurance talk can be a bit confusing. Many handymen say they are new to the insurance needed and want help. However, they also say they want the cheapest handyman insurance in Minnesota. We explain the coverages, make recommendations, and give you a choice.

We realize that you may have many questions. Let us take the time to answer them quickly and accurately. By the way, we are located in Lakeville, MN.

Give us a call at 952-222-8073. A friendly voice will answer and connect you to an agent. Handyman insurance is also just a click away if you prefer our online form. This is most helpful if you find us off hours and don’t happen to be open. Either way, you will win by doing business with us.

Request for a free Handyman Insurance Quote

Frequently Asked Questions (FAQs)

Q- How much is handyman insurance in Minnesota?

Ans:- Claim free. With at least three years of experience, a handyman can expect to pay $610 to $800 annually. This also assumes a one-person operation. You can expect to pay more if you have an active business partner or employee.

Q- Does a handyman need a license in MN?

Ans: No, Minnesota has no licensing requirements.

Q- What is the best business structure for a handyman?

Ans: It’s more of a question for an accountant or attorney. We see many LLCs. They’re inexpensive to set up through The Minnesota Secretary of State. You can just do a Schedule C at the end of the year rather than a corporate filing ($$$).

Q- What is the best handyman insurance in Minnesota?

Ans:- The best handyman insurance in a policy that is cheap but delivers a lot. Limits of $1,000,000/$2,000,000 or these days are normal to see. Try to avoid a property damage deductible. Adding tool and equipment coverage at an affordable cost is also important.

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