Do I really need handyman insurance?
The simple answer is yes. You can take out as little or as much handyman business insurance as you want, but the vast majority of professional tradespeople choose to protect themselves and their business with comprehensive packages.
It will depend on the kind of work you do, and how much insurance you feel comfortable taking out. It’s also down to whether you want to cover things like your equipment, your financial future, and your ability to cover any legal costs.
Some insurance covers are mandatory, particularly Employer’s Liability insurance if you have people working for you (even part-time). If you fail to have Employer’s Liability you could be fined up to £2,500 a day. The other essential specialist insurance is commercial vehicle cover, which ensures you stay on the right side of the law when using a vehicle for business rather than domestic use.
How much will it cost?
Handyman insurance doesn’t cost the earth, and your advisor can help you put together a package that suits your budget. What you have to ask is how much would it potentially cost you not to have insurance?
Park Insurance – talk to the professionals
For over 30 years, Park Insurance has been working with the local community and offering specialist insurance specifically designed to make life easier and less stressful for sole traders and SMEs. Our team of advisors aren’t just skilled in financial matters – they understand the ‘real world’ challenges of running your own business. They’re here to give you honest, no-nonsense advice on all your handyman insurance needs. Contact us today for an in-depth, no-obligation consultation.