Monthly handyman business insurance averages $189, with costs ranging from $81 to $423 based on your state and chosen policy types.
Get matched with cheap handyman business insurance below.
Updated: October 15, 2025
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Handyman business insurance costs range from $966 to $5,076 annually on average, depending on coverage type, state and sub-industry.
Your handyman insurance premiums depend on location, claims history, services provided and employee count.
Shop multiple business insurers, bundle policies, increase deductibles and pay annually to find affordable handyman business insurance costs.
We found average business insurance costs for handyman companies for commonly needed coverage are as follows:
| BOP | $363 | $4,353 |
| General Liability | $245 | $2,943 |
| Professional Liability (E&O) | $54 | $651 |
| Workers' Comp | $94 | $1,125 |
Note: We based these rates on small businesses with two employees across 79 major industries, focusing on four coverage types: general liability, professional liability/errors and omissions (E&O), workers' comp and business owner's policy. Your actual rates will vary based on your specific business factors and location.
Select your industry and state to get a customized quote.
Your handyman business insurance cost for general liability coverage varies by location. Maine leads with $213 monthly premiums, saving $32 compared to the $245 national average, while New York reaches $286 monthly.
| Alabama | $240 | $2,883 |
| Alaska | $230 | $2,762 |
| Arizona | $229 | $2,751 |
| Arkansas | $235 | $2,823 |
| California | $273 | $3,279 |
| Colorado | $243 | $2,919 |
| Connecticut | $267 | $3,198 |
| Delaware | $263 | $3,159 |
| Florida | $266 | $3,187 |
| Georgia | $249 | $2,990 |
| Hawaii | $269 | $3,224 |
| Idaho | $233 | $2,790 |
| Illinois | $269 | $3,231 |
| Indiana | $239 | $2,871 |
| Iowa | $234 | $2,802 |
| Kansas | $238 | $2,859 |
| Kentucky | $225 | $2,695 |
| Louisiana | $281 | $3,367 |
| Maine | $213 | $2,550 |
| Maryland | $234 | $2,808 |
| Massachusetts | $257 | $3,088 |
| Michigan | $232 | $2,788 |
| Minnesota | $230 | $2,761 |
| Mississippi | $246 | $2,957 |
| Missouri | $242 | $2,907 |
| Montana | $244 | $2,931 |
| Nebraska | $232 | $2,784 |
| Nevada | $274 | $3,292 |
| New Hampshire | $244 | $2,928 |
| New Jersey | $278 | $3,336 |
| New Mexico | $247 | $2,960 |
| New York | $286 | $3,427 |
| North Carolina | $213 | $2,550 |
| North Dakota | $213 | $2,558 |
| Ohio | $228 | $2,731 |
| Oklahoma | $233 | $2,795 |
| Oregon | $228 | $2,734 |
| Pennsylvania | $283 | $3,398 |
| Rhode Island | $270 | $3,234 |
| South Carolina | $253 | $3,032 |
| South Dakota | $229 | $2,752 |
| Tennessee | $239 | $2,871 |
| Texas | $247 | $2,969 |
| Utah | $230 | $2,762 |
| Vermont | $236 | $2,826 |
| Virginia | $223 | $2,680 |
| Washington | $279 | $3,348 |
| West Virginia | $257 | $3,088 |
| Wisconsin | $241 | $2,889 |
| Wyoming | $227 | $2,722 |
Note: We based these general liability rates on handyman businesses with two employees across different states. Your rates will vary based on your location, claims history and the services you provide.
The cost of workers' compensation insurance for handyman businesses differs across states. Maine provides the most affordable coverage at $81 monthly, while Pennsylvania costs $108 monthly. State regulations and claim histories drive these pricing differences between locations.
| Alabama | $91 |
| Alaska | $85 |
| Arizona | $89 |
| Arkansas | $90 |
| California | $104 |
| Colorado | $93 |
| Connecticut | $101 |
| Delaware | $101 |
| Florida | $101 |
| Georgia | $96 |
| Hawaii | $98 |
| Idaho | $88 |
| Illinois | $102 |
| Indiana | $91 |
| Iowa | $89 |
| Kansas | $90 |
| Kentucky | $88 |
| Louisiana | $107 |
| Maine | $81 |
| Maryland | $89 |
| Massachusetts | $98 |
| Michigan | $88 |
| Minnesota | $88 |
| Mississippi | $94 |
| Missouri | $93 |
| Montana | $94 |
| Nebraska | $89 |
| Nevada | $107 |
| New Hampshire | $93 |
| New Jersey | $106 |
| New Mexico | $94 |
| New York | $107 |
| North Carolina | $81 |
| Oklahoma | $88 |
| Oregon | $87 |
| Pennsylvania | $108 |
| Rhode Island | $103 |
| South Carolina | $97 |
| South Dakota | $88 |
| Tennessee | $92 |
| Texas | $94 |
| Utah | $90 |
| Vermont | $90 |
| Virginia | $86 |
| West Virginia | $99 |
| Wisconsin | $92 |
Note: We based these workers' comp rates on handyman businesses with two employees across different states. Your workers' comp requirements and costs will vary by state since each has different regulations.
Your professional liability cost will vary by state. This coverage averages $54 monthly nationwide. North Dakota offers the most affordable rates at $46 monthly, while Pennsylvania has the highest costs at $63 monthly.
| Alabama | $53 |
| Alaska | $47 |
| Arizona | $53 |
| Arkansas | $51 |
| California | $60 |
| Colorado | $54 |
| Connecticut | $58 |
| Delaware | $58 |
| Florida | $59 |
| Georgia | $56 |
| Hawaii | $57 |
| Idaho | $52 |
| Illinois | $59 |
| Indiana | $52 |
| Iowa | $52 |
| Kansas | $53 |
| Kentucky | $51 |
| Louisiana | $61 |
| Maine | $48 |
| Maryland | $52 |
| Massachusetts | $56 |
| Michigan | $50 |
| Minnesota | $51 |
| Mississippi | $55 |
| Missouri | $54 |
| Montana | $54 |
| Nebraska | $50 |
| Nevada | $62 |
| New Hampshire | $55 |
| New Jersey | $62 |
| New Mexico | $55 |
| New York | $62 |
| North Carolina | $46 |
| North Dakota | $46 |
| Ohio | $51 |
| Oklahoma | $51 |
| Oregon | $50 |
| Pennsylvania | $63 |
| Rhode Island | $60 |
| South Carolina | $56 |
| South Dakota | $51 |
| Tennessee | $54 |
| Texas | $56 |
| Utah | $53 |
| Vermont | $53 |
| Virginia | $49 |
| Washington | $62 |
| West Virginia | $57 |
| Wisconsin | $52 |
| Wyoming | $50 |
Note: We based these professional liability rates on handyman businesses with two employees across different states. Your actual rates will depend on your services offered and location.
Your handyman business insurance costs depend heavily on your state, with business owner's policy coverage showing the biggest price differences across the country. BOP insurance cost spans from $311 in North Dakota to $423 in Louisiana for the same coverage level.
| Alabama | $355 |
| Alaska | $338 |
| Arizona | $338 |
| Arkansas | $350 |
| California | $408 |
| Colorado | $363 |
| Connecticut | $389 |
| Delaware | $383 |
| Florida | $397 |
| Georgia | $368 |
| Hawaii | $395 |
| Idaho | $340 |
| Illinois | $396 |
| Indiana | $356 |
| Iowa | $345 |
| Kansas | $354 |
| Kentucky | $330 |
| Louisiana | $423 |
| Maine | $323 |
| Maryland | $347 |
| Massachusetts | $384 |
| Michigan | $346 |
| Minnesota | $342 |
| Mississippi | $359 |
| Missouri | $361 |
| Montana | $362 |
| Nebraska | $343 |
| Nevada | $403 |
| New Hampshire | $361 |
| New Jersey | $417 |
| New Mexico | $368 |
| New York | $422 |
| North Carolina | $311 |
| North Dakota | $311 |
| Ohio | $334 |
| Oklahoma | $340 |
| Oregon | $338 |
| Pennsylvania | $416 |
| Rhode Island | $400 |
| South Carolina | $374 |
| South Dakota | $343 |
| Tennessee | $356 |
| Texas | $360 |
| Utah | $335 |
| Vermont | $355 |
| Virginia | $328 |
| Washington | $410 |
| West Virginia | $380 |
| Wisconsin | $356 |
| Wyoming | $340 |
Note: We based these BOP rates on handyman businesses with two employees across different states. Your actual rates will vary based on your business size, location, and coverage needs.
Handyman business insurance costs vary widely by provider, ranging from $139 to $302 per month. These price differences reflect each insurer's market focus and risk assessment strategies, which shift over time based on profitability and coverage expansion opportunities.
| Chubb | $224 | $2,687 |
| Coverdash | $203 | $2,434 |
| Hiscox | $198 | $2,373 |
| NEXT Insurance | $302 | $3,624 |
| Nationwide | $184 | $2,214 |
| Progressive Commercial | $182 | $2,183 |
| Simply Business | $169 | $2,026 |
| The Hartford | $144 | $1,722 |
| Thimble | $165 | $1,983 |
| biBERK | $139 | $1,666 |
Your handyman business insurance cost depends on several factors insurers evaluate when pricing your policy:
Where you work influences rates through building codes and lawsuit trends in your area. Companies in litigious markets or regions requiring extensive licensing see steeper premiums than those in more relaxed jurisdictions.
Prior incidents follow you when insurers evaluate your application. A claim stemming from faulty electrical work or water damage from a plumbing repair can elevate your costs for the next several years.
Working in single-family homes presents different exposures than tackling commercial buildings or multi-unit rentals. Property managers and landlords often demand higher coverage limits, which translates to bigger premiums for you.
Bringing on helpers means purchasing workers' comp based on total wages paid. Operating alone avoids this expense entirely, while building a team of two or three technicians increases your insurance spend proportionally.
Minor repairs like hanging shelves cost less to insure than electrical upgrades or deck construction. The moment you touch plumbing, gas lines or structural work, insurers view you as a higher risk and price accordingly.
Gross receipts signal your claim potential to underwriters. Someone doing odd jobs on weekends for $50,000 a year haves vastly different pricing than an established company billing $250,000 across dozens of monthly projects.
Policy maximums determine how much financial protection you carry. Many clients require $2 million in liability before you step on their property, and meeting that threshold costs more than settling for a basic $500,000 policy.
Tool collections and work vehicles need protection against theft and damage. A fully stocked van with power tools, ladders and diagnostic equipment requires substantially more coverage than someone hauling basics in a sedan.
Insurers check your credit in states where it's allowed, treating it as a predictor of future claims. Better scores often unlock discounts, while struggling credit can tack on surcharges that materially increase what you owe.
Lowering your handyman business insurance costs takes a mix of smart comparison shopping and consistent risk management. Follow our practical guide to find affordable coverage for your handyman business and strengthen your risk profile over time.
Handyman services require general liability for property damage and injuries at client homes, professional liability to cover installation errors and faulty workmanship, and tools and equipment insurance for your inventory of power tools and ladders.
Workers compensation protects any helpers or employees, while some clients may require proof of $1 million in liability coverage before hiring you.
Handyman insurance rates depend heavily on which services you offer, with basic repairs priced differently from electrical work, plumbing or structural modifications. Compare at least three providers, making sure each covers all the services you advertise, as some insurers exclude certain trades without proper licensing.
Combining general liability, professional liability, and tools coverage saves 17% to 25% versus separate policies.
A business owner's policy packages general liability with property coverage at reduced rates. Bundling ensures seamless coverage when a single job goes wrong in multiple ways, like faulty drywall installation that later causes water damage to a client's home.
Higher tools and equipment deductibles of $500 to $1,500 can reduce premiums by 15% to 22%, but consider how often theft or damage occurs in your area.
Keep general liability deductibles low since accidental property damage claims are common when working in occupied homes with furniture, flooring, and fixtures at risk. Professional liability should have moderate deductibles, as even minor installation errors can lead to expensive repair claims from homeowners.
Monthly installment plans add 5% to 9% in processing fees to your annual premium, reducing your take-home pay from each small job.
Paying upfront eliminates these charges and earns a 6% to 8% discount from insurers. For a handyman with $2,800 in annual premiums, this combination could save $280 to $475 yearly, which you can invest in better tools or advertising to attract higher-paying clients.
Review coverage annually or whenever you add specialized services like tile work, cabinetry, or deck building that increase your liability exposure. Your tool limits should increase as you invest in expensive equipment like miter saws, nail guns or specialty tools.
If you've completed safety certifications, obtained additional trade licenses or started using written contracts with detailed scope limitations, these changes can help reduce your premiums and protect your business.
Handyman business insurance costs between $81 and $423 per month, depending on factors like your location, claims record, and company size. Comparing quotes from several insurers, bundling coverage, selecting higher deductibles, and opting for annual payments can all help you secure lower rates.
Handyman business owners commonly ask about insurance costs. We answered the most frequent questions below:
Professional liability (E&O) insurance costs the least at $54 monthly, though it only covers mistakes in your work. Most handyman businesses require general liability coverage ($245 monthly) for protection against customer injuries and property damage lawsuits.
You'll pay more in these states. General liability in California runs $273 monthly (versus $245 national average), and BOP costs $408 monthly (versus $363 average). New York is similar at $286 and $422, respectively.
Combining policies with one insurer delivers greater savings than purchasing separate coverage. Most carriers provide discounts when you bundle general liability, commercial auto and commercial property insurance together.
Insurance costs increase due to multiple risk factors: working in dangerous locations, past insurance claims, using hazardous tools, hiring numerous employees, providing high-risk services and maintaining poor credit history.
Higher deductibles reduce monthly premiums but increase out-of-pocket costs per claim. Consider your available cash reserves and expected claim frequency when deciding.
Workers' compensation costs for handyman businesses vary by state, spanning from $81 monthly in Maine to $108 monthly in Pennsylvania for coverage.
Yes, BOP insurance is worth it for handyman companies. BOP costs $363 monthly and bundles general liability, commercial property, and business interruption coverage together. This package deal saves money compared to purchasing individual policies separately, making it a smart investment for handyman businesses.
Shop at renewal time each year. Compare quotes from multiple insurers to find savings, especially after adding employees or expanding your service offerings.
We collected handyman business insurance quotes from companies across different states. For consistent comparisons, every quote used the same business setup:
We used a typical small handyman business profile requiring comprehensive coverage. We chose companies offering broad national coverage and online quote capabilities, prioritizing insurers that serve the handyman industry.
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. With over five years of experience analyzing the insurance market, he conducts original research and creates tailored content for all types of buyers. His insights have been featured in publications like CNBC, NBC News and Mashable.
Fitzpatrick holds a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He's also a five-time Jeopardy champion!
He writes about economics and insurance, breaking down complex topics so people know what they're buying.
