• Inland Marine Coverage
• Crime or Theft Coverage
Working as a self-employed handyman (or woman) can be a profitable career, but the work comes with certain risks. Vermont professionals who perform basic maintenance services should protect themselves against the property and liability perils that they face, and handyman insurance can help with this.
Handyman insurance is specialized commercial insurance for professionals who provide basic maintenance and/or repair services. In order to provide both property and liability protections, most handyman policies are underwritten as package policies that have multiple coverages within them.
Most professionals who provide basic maintenance and/or repair services in Vermont should consider purchasing a handyman policy. Not having insurance can leave professionals exposed to substantial risk (especially if they work as a sole proprietor), and this tends to be the best type of insurance for professionals that do this work.
At times, professionals might find that they can’t get certain jobs without having an insurance policy in place. Homeowners and businesses sometimes will only hire insured professionals.
Additionally, insurance can be helpful to self-employed professionals regardless of their business structure. While sole proprietors tend to be more exposed to financial risk than limited liability corporation owners, insurance still provides LLCs with protections that they otherwise wouldn’t have.
Professionals who are formally trained in a trade generally also need insurance, but a handyman policy probably isn’t sufficient. Handyman policies are usually designed to protect against risks associated with basic maintenance and repairs, and not larger risks that come with practicing a specific trade. A policy might not cover chimney faults for a mason or electrical shorts for an electrician, for instance.
Any professionals who aren’t sure whether a handyman or other insurance policy is better suited for their needs can talk with an insurance agent who knows these policies well. A knowledgeable agent will be able to guide professionals toward the policy that’s best for them.
Professionals who work for an employer may receive insurance coverage from their employer’s plan. Coverage is often limited to only traditional employees, and not people who work as subcontractors or independent contractors. Contractors frequently should get their own handyman policy.
Our business was with the same trusted agent for over 20 years. Mike Bancroft offered to evaluate our policies and see if he could save us some money on both Workmen's Comp and general liability. He did, and in the process even moved us to better coverage. Mike also offers a superb quality of service. Cannot recommend highly enough.
Mike Bancroft has been great to work with. He has assisted with my Business Auto, Tool Coverage, Homeowners and all other types of insurance needs. I wouldn't be surprised if they change their name to Paige, Campbell & Bancroft soon!
Extremely prompt, personable, and professional service! Despite only needing a workers' comp policy for one employee, Paige & Campbell was very receptive and ensured to shop my policy around to ensure I received a great price that was almost half of what another broker quoted me.
As mentioned, self-employed handyman insurance policies normally come with multiple coverages that protect against property and liability perils. Some of the more common coverages include:
Premiums for handyman policies vary because they’re based on many factors. Some details that can impact cost are the:
An independent insurance agent can help professionals explore how much a policy that provides the coverages they need would cost. Independent agents are able to explore quotes from multiple insurance companies.
For help finding self-employed handyman insurance in Vermont, contact the independent insurance agents of Paige & Campbell Insurance. Our agents have helped many professionals in the state, and we have the expertise necessary to get you the right handyman insurance policy.
Barre
P.O. Box 469
297 North Main Street
Barre, VT 05641
(802) 476-6631
Bradford
P.O. Box 392
25 North Main Street
Bradford, VT
(802) 222-5222
Waitsfield
5197 Main Street, Suite 3
Waitsfield, VT 05673
(802) 496-3118
This material is for informational purposes only. All statements herein are subject to the provisions, exclusions and conditions of the applicable policy, state and federal laws. For an actual description of coverage, terms and conditions, please refer to the applicable insurance policy or check with your insurance professional. The illustrations, instructions and principles contained in the material are general in scope and, to the best of our knowledge, current at the time of publication.
Mike Bancroft is simply an amazing agent. When my business got burglarized, I was so upset and didn't know what to do. I contacted Mike and he was very prompt in calling me back and he put my mind at ease. He made me feel so much better and handled all of the paperwork immediately. His customer service is top notch and I highly recommend him to be your insurance agent!