As a handyman or contractor in Georgia, having the right insurance is crucial to protect your business from the inherent risks of maintenance, repair, installation, and small construction projects. Even routine handyman tasks come with hazards that can lead to property damage, injuries, and lawsuits if something goes wrong.

This comprehensive guide will provide an in-depth overview of key factors influencing insurance costs for handymen in Georgia, illustrate typical premium ranges based on business size and experience level, summarize rates for common policies like general liability, workers compensation, bonds, commercial auto, inland marine, and more.

With handyman services in high demand across Georgia, understanding typical insurance rates allows you to evaluate if you are paying a competitive price for your needed protection. We strongly recommend connecting with an insurance specialist familiar with Georgia’s handyman insurance market who can access multiple carriers to get quotes tailored to your specific business risks and needs.

Choosing the right insurance sets handymen up for success and growth by mitigating risks before they become major liabilities. Let’s dive in to the key considerations around insurance for Peach State handymen.

For handymen in Georgia, having the appropriate insurance for handymen is crucial. This typically includes liability coverage for handymen to safeguard against third-party claims and workers’ comp insurance for handymen to cover employee injuries sustained while working.

Key Factors Influencing Insurance Costs for Handymen in Georgia

Insurance premiums for Georgia handymen depend on several variables that impact the price of coverage. Being aware of these influential factors provides context on what drives the costs of policies. Key elements affecting handyman insurance rates in Georgia include:

  • Size of Business – In terms of both revenue and number of employees, larger operations generally have higher insurance costs due to increased risk exposure. More employees increase the chance of workers compensation claims. Higher revenues mean you take on bigger ticket service contracts, increasing general liability risks. Therefore, rates rise along with handyman business revenue and staff.

  • Years in Business – Newer businesses often pay higher rates than those with 5+ years in business and a proven safety track record. Insurance carriers view unestablished businesses as riskier to insure. Once you build a history of experience and safe operations, carriers reward that with lower premiums.

  • Location – Urban regions like Atlanta may have moderately higher premiums than rural areas due to increased risks that come with working in populated cities. Suburban areas typically fall somewhere in the middle from a risk standpoint.

  • Services Performed – Specialized, skilled trades like electrical and handyman may have somewhat elevated premiums compared to general handyman services due to perceived increase in severity and frequency of potential claims. However, a strong safety record helps minimize these cost differences.

  • Claims History – Frequent past claims will drive insurance prices higher because carriers consider you riskier to insure. However, a clean history without claims generally keeps premiums quite affordable. This illustrates the importance of operating safely.

  • State Factors – Georgia’s insurance regulations, litigation environment, local cost of living, and other in-state variables ultimately impact what carriers can charge. These dynamics differ across states.

Evaluating these influential cost factors provide helpful context when purchasing insurance as a Peach State handyman. Let’s look closer at actual cost ranges.

Overview of Cost Ranges for Georgia Handymen

Below we illustrate typical premium ranges that small, medium and large Georgia handyman businesses pay for core coverages like general liability, workers compensation, and bonds.

These premiums assume the business has 5+ years experience, works predominantly with residential homeowners, and has no recent claims. Actual rates vary based on unique risks. As your business evolves, connect with an independent agent to get fresh quotes tailored to your current book of business.

Small Handyman Business Insurance Costs

$150K Annual Revenue, 1 Owner, 1 Employee

  • General Liability

    • Typical Premium Range: $1,600 – $4,300
    • Typical Median: $2,400
  • Workers Compensation

    • Typical Premium Range: $13,900 – $30,300
    • Typical Median: $17,300
  • Surety Bonds

    • Typical Premium Range: $250 – $1,250
    • Typical Median: $750

Analysis: As a small handyman operation, insurance makes up a very manageable slice of your budget. Workers compensation costs account for the majority of your premiums. A median cost around $17,300 per year represents about 11.5% of your $150k revenue. General liability and bonds add minimal extra costs. Overall insurance costs should be reasonably affordable at your business size and stage.

Medium Handyman Business Insurance Costs

$500K Annual Revenue, 1 Owner, 3 Employees

  • General Liability

    • Typical Premium Range: $3,800 – $8,000
    • Typical Median: $5,500
  • Workers Compensation

    • Typical Premium Range: $39,000 – $85,800
    • Typical Median: $52,000
  • Surety Bonds

    • Typical Premium Range: $250 – $1,250
    • Typical Median: $750

Analysis: As your handyman business crosses the $500k annual revenue mark with a small staff, insurance costs increase but remain manageable. Workers compensation still makes up the bulk of costs due to your employees. General liability premiums rise as you take on larger jobs. Bond costs remain minimal. Overall you can expect to allocate around 10-11% of revenue to insurance costs at this business size.

Large Handyman Business Insurance Costs

$1M Annual Revenue, 1 Owner, 5 Employees

  • General Liability

    • Typical Premium Range: $8,700 – $16,000
    • Typical Median: $11,000
  • Workers Compensation

    • Typical Premium Range: $60,700 – $134,300
    • Typical Median: $86,700
  • Surety Bonds

    • Typical Premium Range: $250 – $1,250
    • Typical Median: $750

Analysis: As your handyman business generates $1 million in annual revenue, your insurance needs and costs rise accordingly. You need increased general liability limits to cover larger contracts. Workers compensation remains your biggest expense, as staff size directly increases premiums. For businesses at this scale, allocate about 8-12% of annual revenue for insurance. This represents a reasonable cost of risk management.

Overview of Additional Insurance Coverages

Beyond general liability, workers compensation, and surety bonds, established handymen need other coverages as their business and risks grow. Here are typical premium ranges for other common policies Georgia handymen should consider:

  • Commercial Auto Insurance

    • $1,500 to $3,050 per vehicle annually
  • Inland Marine (Tools & Equipment)

    • $500 to $2,000 per year
  • Commercial Property Insurance

    • $1,000 to $5,000+ per year
  • Employment Practices Liability

    • $1,000 to $5,000+ per year
  • Cyber Liability Insurance

    • $300 to $1,000+ per year
  • Umbrella Liability Insurance

    • $500 to $1,000+ for $1M in additional coverage

Analysis: As your handyman business evolves from a small starter operation to an established enterprise, investing in additional insurance coverage is wise to plug liability gaps. Commercial auto protects your work vehicles. Inland marine safeguards your expensive tools and equipment. EPLI shields against employment lawsuits. Cyber coverage insulates you in the event of a data breach. These policies are affordable complements to core general liability and workers comp.

Getting Multiple Quotes and the Right Insurance

Because handyman insurance needs vary based on your unique business characteristics and risks, it is wise to work with an independent insurance broker who specializes in helping handymen and contractors. Avoid captive agents selling policies from just one carrier.

An independent broker has access to dozens of insurance companies competing for your business. This allows you to get multiple quotes for your specific business profile and identify the optimal blend of desired coverage at a competitive price from a top-rated insurer.

An experienced handyman insurance expert also simplifies and streamlines the entire process of finding tailored protection so you can confidently operate your Georgia business knowing risks are covered properly.

Evaluating Your Handyman Insurance Situation

As a handyman business owner, take time annually to thoroughly evaluate your insurance program. Review the limits of each policy to ensure they adequately cover your current business. Work with your agent or broker to get updated quotes.

Adding employees, vehicles, equipment, or taking on bigger customer contracts all impact your risks. You want current insurance limits and premiums mirroring your present-day business exposures.

A major claim falling outside your outdated policy limits could severely hurt your enterprise. Don’t let your insurance portfolio lag while your actual business grows.


This comprehensive guide summarizes typical insurance costs for handyman businesses in Georgia across common policies like general liability, workers compensation, bonds, inland marine, and more.

Actual premiums depend on your unique risks and business characteristics. We strongly advise connecting with a specialist to get fresh quotes tailored to your current operations so you can secure adequate coverage at a competitive rate.

Insurance is absolutely essential to protect your enterprise, people, assets, and livelihood. Partner with an independent handyman insurance expert to put the right policies in place so you can focus on serving your Georgia customers.