As a handyman in Georgia, having proper insurance coverage is essential for protecting your business and meeting client requirements. This comprehensive guide analyzes actual quotes from leading carriers to help you understand costs and coverage options.
Explore our handyman insurance quote options to compare rates and find suitable coverage.
General Liability Insurance for Georgia Handymen
Based on our analysis of over 850 quotes from leading carriers, here are typical costs for Georgia handymen:
| Revenue Size | Average Premium | % of Revenue | Favorable Rate | Potential Savings |
|---|---|---|---|---|
| $150K | $2,490 | 1.7% | $1,340 | 46% |
| $500K | $6,870 | 1.4% | $3,850 | 44% |
| $1M | $14,260 | 1.4% | $8,800 | 38% |
These premiums assume:
- Clean claims history (5+ years without incidents)
- $1M/$2M coverage limits
- 10% subcontractor costs
- Employee count varies by revenue (1 for $150K, 3 for $500K, 5 for $1M)
Key coverage includes:
- Property damage during repairs
- Bodily injury to clients or bystanders
- Completed operations coverage (add-on)
- Products liability (add-on)
Worker’s Compensation Insurance for Georgia Handymen
Georgia handymen typically pay $11,367 per employee annually for workers’ compensation coverage. Per $100,000 of payroll, the average premium is $28,470, making Georgia one of the most expensive states for workers’ compensation.
Key factors affecting premiums:
- Experience modifier rating
- Job classification codes
- Safety programs
- Claims history
Additional Business Insurance for Handymen in Georgia
1. Tools & Equipment Insurance
- Annual premiums: $200-$2,000
- Policy limits: $5,000-$15,000+
- Per-item limit typically $5,000
2. Commercial Auto Insurance
- Cost: $1,500-$3,050 per vehicle annually
- Standard limits: $100K/$300K/$100K
- Higher limits recommended ($500K-$1M)
3. Contractor’s E&O Insurance
- Annual premiums: $300-$1,000
- Policy limits: $100,000-$1M+
- Covers faulty repairs claims
4. Surety Bonds
Premium costs for common bond amounts:
| Bond Amount | Excellent Credit | Good Credit | Bad Credit |
|---|---|---|---|
| $5,000 | $100-$150 | $150-$200 | $200-$400 |
| $10,000 | $100-$300 | $300-$500 | $500-$1,000 |
| $25,000 | $200-$500 | $500-$1,200 | $1,200-$2,500 |
Get Georgia Handyman Liability with ContractorNerd
ContractorNerd specializes in making handyman insurance simple and data-driven through:
- Specialized agents understanding handyman risks
- Multiple carrier options for competitive rates
- Streamlined application process
- Data-driven insights from 850+ quotes
- Ongoing policy management support
Our analysis shows potential savings of:
- Small operations ($150K): 30-50%
- Mid-size ($500K): 25-40%
- Large ($1M+): 20-35%
Contact ContractorNerd for tailored quotes and expert guidance on your handyman insurance needs.