6 Best Handyman Insurance Companies & Quotes 2023

We obtained a quote of $11 for a handyperson to install a ceiling fan. The liability policy was for three hours of coverage with a $300,000 limit.

In 2020, The Hartford started offering short-term insurance for small projects. The target industry is handypersons or contractors. Average costs include $6 for $300,000 of coverage for 2 hours of cabinet installation or $57 for $1 million in coverage for a two-person crew to install a fence over three days.

Because not everyone needs short-term coverage, The Hartford also provides contractor and independent contractor business insurance for longer-lasting projects. As a business insurance provider, it offers the full range of coverage you need, including workers’ compensation, professional liability, business owner’s policy, and commercial auto.

You can purchase your policy online or call to finish the quote. After purchasing your policy, you can manage your account, pay your premium, or file a claim online. The Hartford has a 24/7 service center if you prefer to use a phone.

If a customer wants proof of insurance, The Hartford offers instant COIs on demand.

Customers are satisfied with The Hartford. Its complaints for commercial insurance are lower than the national average.

The Hartford has been in operation for more than 200 years and has proven, through multiple disasters, its financial strength. AM Best has given it an A+ (Superior) rating.

When seeking a quote from Next, it usually offers multiple options with different levels of coverage. We received three options: basic, premier, and deluxe coverage. The basic coverage was $1,787.75 monthly and included $1 million in total general liability insurance and $20,000 in professional liability insurance.

The premier coverage cost $1,827.84 monthly and included the same liability coverage but added $5,000 for tools.

Finally, the deluxe coverage cost $1,976.50 monthly with $2 million aggregate general liability coverage and $50,000 professional liability insurance. It also included $10,000 for tools and equipment. The deductible for tools for both premier and deluxe is $500.

You can get a bindable quote for a policy in 10 minutes without trailing documents, no matter the profession. Next is available in all 50 states. However, specific coverage is sometimes unavailable, such as inland marine being unavailable in New York.

Its customers are happy with their experience as Next has lower-than-average complaints with the NAIC.

Next has an app for iOS and Android that accelerates the convenience factor for an appliance technician. You can add additional insureds, get instant proof of insurance on your phone, change coverage, and file the claim.

Next is a newer carrier, but it has created a strong financial foundation to pay claims. It has a rating of A- (Excellent) from AM Best.

We received a quote for $2,399 annually. It offers a monthly option with $599.70 down and then 10 payments of $179.93. Unlike many providers, it doesn’t charge a fee to pay the policy on an installment plan. The quote was for a home-based handyperson business.

The quote was for a general liability policy. The policy carried a total limit of $300,000 with no deductible. It didn’t have the option to insure your tools.

Most insurance policies have a section that details coverage restricted to a specific territory and time. Hiscox covers your work anywhere in the world as long as you file the claim in the United States, a US territory, or Canada.

While Hiscox doesn’t have a 24/7 call center, its webpage functions like a 24/7 call center. You can access and manage your policy, request a COI, and file a claim online. If you do need to speak with someone, you can email or call Monday to Friday, 7 a.m. to 10 p.m. ET.

Some carriers will require an upfront payment or a down payment along with fees for a monthly plan, but Hiscox has flexible payment options without fees.

AM Best, one of the oldest insurance credit rating agencies, has given Hiscox an A (Excellent) rating.

For short-term liability, you can choose between a month or more of coverage—or even less than a month of coverage. For general liability coverage that started at the time of the quote and ended at 11:59 p.m. on the same day, it cost $28.73. This was for general liability insurance with $1 million in total coverage.

Policies come with $1 million or $2 million limits. The policy is strictly for liability with no equipment or property coverage.

Thimble provides a list of excluded activities when you go through the quote process, giving you a good idea of what isn’t covered in the purchase.

Thimble offers iOS and Android apps for its policyholders. While it doesn’t have a 24/7 call center, the app functions as one, allowing you to obtain a quote, purchase a policy, manage it, and file a claim on your smartphone.

If you’re a handyperson who does jobs in the evening or on the weekend as a side hustle, Thimble’s app makes it easy to get short-term coverage. You can get a quote and purchase a policy for a specific job—and have an instant COI to show to the customer.

If you need more than short-term coverage, it also offers coverage for an entire year.

The quoted policy above was through National Specialty Insurance Company, which has an AM Best rating of A (Excellent).

When shopping for a handyman policy, Simply Business provided five quotes from carriers, including Hiscox. The average price for the policies was $977 annually, and there was no information about monthly payments.

The policies were for a general liability policy for the term of a year with a $1 million limit. There was no coverage in the policy for your tools. However, you can always call Simply Business to discuss coverage options if you are looking for more than liability.

The quoting process is quick and easy—we received five quotes in less than 10 minutes. Once you purchase a policy, you receive a copy of the full policy and a COI.

Simply Business provides you with a personal account where you can manage your policy, add additional insureds, or request a COI and file a claim.

There’s also a guide for contractors with state-by-state requirements to obtain any necessary licenses.

Travelers purchased Simply Business in 2017 and has a financial rating of A++ (Superior) from AM Best.

After answering a few questions, CoverWallet provided one quote from Hiscox, although it stated more were available and to call to discuss in more detail. The quoted plan was a general liability policy with a $1 million limit and a $2 million aggregate coverage. It also included blanket additional insureds. The cost of the policy was $4,107 annually or $342 monthly.

In addition to providing multiple quotes within 10 minutes, CoverWallet provides policy financing options. The policy is paid in full for a year by CoverWallet, and then you work out a payment plan with CoverWallet to pay it directly.

It offers a self-service Wallet to manage your policy, including documents and access to certificates of liability.

In addition to working with many A and A + rated carriers, CoverWallet is owned by Aon. Aon has a rating of A (Excellent) from AM Best.

Handyman insurance provides protection for your business for claims filed, either because of liability against you or damage to your property. Depending on the size of your business, there are typically four policies you want:

1. General liability is for third-party claims of injury and property damage.
2. Commercial property is to repair or replace any of your property, including tools and equipment, which may be damaged, lost, or stolen.
3. Business auto policy is great if you have a work van or truck that doubles as more than just a means of transportation.
4. Workers’ compensation is necessary, depending on your state, if you employ anyone as part of your business.

Anyone who works as a handyperson should look into this coverage. At the very least, most states will require handyperson liability insurance if you seek a contractor’s license.

Handyman insurance quotes consider, among other factors, the risk, experience, and location of the job. According to Insureon, a liability policy’s average monthly cost is $65. Through The Hartford’s Putty, policies start at $7. At Hiscox, the majority pay less than $50 a month.