As a handyman in Missouri, having proper insurance coverage is crucial for protecting your business, meeting state requirements, and securing contracts. This comprehensive guide breaks down the essential insurance coverages Missouri handymen need, including costs based on our analysis of actual quotes from leading carriers.
Get advice on selecting cheap handyman insurance policies that balance cost and reliability.
General Liability Insurance for Missouri Handymen
Based on actual quotes analyzed from leading carriers, here are the typical general liability insurance costs for Missouri handymen:
| Revenue Size | Avg Premium | % of Revenue | Favorable Rate | Potential Savings |
|---|---|---|---|---|
| $150K | $2,700 | 1.8% | $2,300 | 15% |
| $500K | $7,400 | 1.5% | $6,500 | 12% |
| $1M | $15,000 | 1.5% | $8,700 | 42% |
These premiums assume:
- Clean claims history (5+ years)
- Standard $1M/$2M coverage limits
- Typical mix of residential/commercial work
- ~10% subcontractor costs
Worker’s Compensation Insurance for Missouri Handymen
Worker’s compensation insurance costs in Missouri average $5,788 per handyman employee annually. Premiums per $100,000 of payroll average $12,480.
Key factors affecting premiums:
- Employee classification codes
- Annual payroll
- Claims history
- Safety programs
- Experience modifier rating (EMR)
Additional Business Insurance for Handymen in Missouri
1. Tools & Equipment Coverage
- Annual premiums: $200-$2,000
- Policy limits: $5,000-$15,000+
- Per-item limits typically $5,000
2. Commercial Auto Insurance
- $1,500-$3,050 per vehicle annually
- Standard limits: $100K per person, $300K per accident
- $100K property damage coverage
3. Contractor’s E&O Insurance
- Annual premiums: $300-$1,000
- Policy limits: $100,000-$1M+
- Covers faulty repairs claims
4. Commercial Property Insurance
- Protects workshops, storage, offices
- Annual premiums: $1,000-$5,000
- Coverage based on property value
5. Business Owner’s Policy (BOP)
- Combines general liability and property coverage
- Lower premiums than separate policies
- Coverage varies by business size
Get Missouri Handyman Liability with ContractorNerd
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- Specialized agents understanding handyman risks
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- Claims advocacy support
Our platform offers:
- Instant online quotes
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Contact ContractorNerd today for tailored Missouri handyman insurance quotes.