The varied nature of work which handy men perform means that handymen open themselves up to just as many risks. Having the right insurance in place to cover all of these risks can reduce the potential financial loss that can occur in the case of a claim. Many different tasks can equal much potential for error, even for more careful handymen. We are here to help you to decipher the insurance you will need to protect yourself.
Trades people put themselves in dangers way every day. From working at heights, to electrical work, to plumbing, working in small dark spaces, and working with dangerous equipment and chemicals. Handyman work combines all of these in one so you can imagine the risks associated - not only for the handyman himself but also those around him.
Public Liability Insurance For Handymen
Therefore the most common type of insurance for handymen is Public Liability Insurance. This type of policy pays for the costs associated with a claim against the handyman for damages to third party property or personal injury to a third party. For example if a hammer were to fall onto a clients' vehicle below the work area, the handyman would need to repair the damage. Or if the hammer was left on the floor and the client tripped over and broke a bone, the handyman could be found liable to pay for any medical costs and loss of income for the client.
Other examples that can call for Public Liability to come into effect include:
- Painting - The paint could drop below onto flooring and damage it. This can cost hundreds and even thousands to replace depending on the paint and the surface.
- Wall Hangings - The ladder in use may cause a hazard to clients or third parties that may trip over. Medical expenses and potential rehabilitation can follow.
- High Pressure Cleaning - This type of cleaning can damage anything it its path should you lose control of the hose. Cars, prized roses, plants or fences can quickly become damaged and need replacement or repair.
- Carpentry - Wooden planks may look harmless but are more dangerous than you think. If you accidentally swing them the wrong way you could be left with a hefty dental bill from a passerby or knock down an item in the area which will become damaged.
- Installations - If you have just installed something for your client and it comes apart after you leave, you are still responsible for any damage that occurs. This might be damage to property or a person.
What Can We Learn?
There are a variety of things that can go wrong with handyman jobs, and it's important to protect your business from these risks. Other ways can also include implementing tool insurance to protect the things you use every day, implementing Personal Accident and Injury Insurance to provide you with an income whilst you are sick or injured yourself, and engaging Workers Compensation to make sure that your workers are covered should they also be struck down.
The financial costs of under-insurance can run into the thousands and in extreme cases even millions of dollars. Don't get caught out short. It's better to be safe than sorry in the end. Contact All Trades Cover on 1300 826 850 today to talk about your Handyman Insurance, whatever your needs might be. Keep in mind that certain states across Australia will have different insurance requirements as per regulatory bodies, and in particular NSW.
The financial costs for paying for third party liability claims can run from a few hundred to millions of dollars. This is money that could ruin a business if it needs to be paid out of the pocket of the handyman. By obtaining Handyman Public Liability Insurance, you are ensuring that you protect your business financially.
Contact All Trades Cover for a quote today about your Handyman Public Liability Insurance, or if you have any queries regarding your specialties as a handyman, call us and we will be more than happy to discuss your options with you. Visit us at www.alltradescover.com.au, you can also fill out our easy online form for a quick insurance quote. All information provided above is of a general nature, if you need specific advice we recommend speaking to a broker.