Best Handyman Business Insurance

Running a handyman business means you need insurance that protects your tools, liability and income without breaking the bank. The Hartford tops our rankings with a MoneyGeek score of 4.75 out of 5, earning first place for its competitive rates, quality customer service and comprehensive coverage options for home repair businesses. Compare quotes from biBerk and Simply Business to find the best rates for your handyman service.

Note: We based all scores on a handyman business with two employees across professional liability, general liability, workers' comp and BOP policies.

For handyman businesses looking to minimize insurance costs, biBerk offers the most affordable rates at $139 monthly or $1,666 annually. biBerk ranks first for general liability ($175 monthly) and business owner's policies ($226 monthly), making it the best choice for handyman coverage. For workers' compensation and professional liability, The Hartford ($45 monthly for workers' comp, $48 monthly for professional liability) and NEXT Insurance ($44 monthly for workers' comp) offer better rates for home repair businesses with employees.

In general, business insurance costs for handyman contractor services are the following for the four most popular coverage types:

• General Liability: $245 on average per month, ranging from $175 to $416, depending on the state
• Workers' Comp: $94 on average per month, ranging from $88 to $103, depending on the state
• Professional Liability (E&O): $54 on average per month, ranging from $48 to $63, depending on the state
• BOP Insurance: $363 on average per month, ranging from $226 to $636, depending on the state

The required coverage for handyman businesses vary by state, but you'll need workers' compensation if you hire helpers and commercial auto insurance when driving your work truck to job sites. Most clients also demand proof of general liability before you start fixing their cabinets or repairing their plumbing, while professional liability protects you when customers claim your work caused them financial harm.

Finding the best and cheapest business insurance for your handyman company starts with getting business insurance quotes from at least three carriers and comparing coverage limits alongside premiums.

Handyman businesses need several coverage types, such as general liability, professional liability, workers' compensation and commercial auto coverage, to cover client property damage and injury claims. The Hartford offers the best small business insurance for handyman services, balancing affordable rates with strong customer service.

We answer frequently asked questions about handyman business insurance:

We selected the best business insurer for handyman companies based on the following criteria:

• Affordability (50% of score): The lower a company's costs compared to the competition based on our base profile for four core coverage types, the better the company performs.
• Customer service (30% of score): We scored providers on overall customer satisfaction using industry studies, customer review forum ratings and public forum sentiment analysis from sites like Reddit.
• Coverage (15% of score): We scored business insurance providers for this category based on the flexibility, payment and actual coverage options.
• Financial stability (5% of score): Using financial stability industry ratings from companies like AM Best and Moody's, we created an overall rating to judge how likely companies are to pay out claims compared to the competition.

All pricing in this article is based on the following base profile to represent the vast majority of small businesses in all states:

• Three-person business with two employees
• Coverage: $1 million per occurrence and $2 million total per year for all but BOP, which includes the same coverage plus $5,000 of business property coverage
• $150,000 in payroll
• $300,000 annual revenue