As a handyman in New Hampshire, having proper insurance coverage is crucial for protecting your business from potential risks and meeting client requirements. This comprehensive guide breaks down essential insurance coverages New Hampshire handymen need, including costs based on our analysis of actual quotes from leading carriers.
Get more details on thorough general liability insurance for handyman coverage.
General Liability Insurance for New Hampshire Handymen
Based on our analysis of over 850 quotes from leading carriers, here are typical general liability costs for New Hampshire handymen:
Revenue Size | Average Premium | % of Revenue | Favorable Rate | Potential Savings |
---|---|---|---|---|
$150K | $3,600 | 2.4% | $2,000 | 44% |
$500K | $10,000 | 2.0% | $5,700 | 43% |
$1M | $19,800 | 2.0% | $12,100 | 39% |
These premiums assume:
- Clean claims history (5+ years)
- Standard $1M/$2M coverage limits
- Typical mix of residential repairs
- 10% subcontractor costs
Worker’s Compensation Insurance for New Hampshire Handymen
Worker’s compensation insurance in New Hampshire costs approximately $4,689 per handyman employee annually. For every $100,000 in payroll, handyman businesses pay around $9,540 in premiums.
Key factors affecting rates:
- Employee classification codes
- Annual payroll amounts
- Claims history
- Safety programs
- Experience modifier rating
Additional Business Insurance for Handymen in New Hampshire
- Tools & Equipment Coverage
- Annual premiums: $200-$2,000
- Policy limits: $5,000-$15,000+
- Per-item limit typically $5,000
- Contractor’s E&O Insurance
- Cost: $300-$1,000 annually
- Limits: $100,000-$1M+
- Covers faulty work claims
- Commercial Auto Insurance
- $1,500-$3,050 per vehicle annually
- Standard limits: $100K/$300K/$100K
- Higher limits recommended ($500K-$1M)
- Commercial Property Insurance
- Cost: $1,000-$5,000 annually
- Covers workshops, storage, offices
- Protection for tools and equipment
- Business Owner’s Policy
- Combines general liability and property
- Lower cost than separate policies
- Less customization flexibility
Get New Hampshire Handyman Liability with ContractorNerd
ContractorNerd makes handyman insurance simple through:
- Instant online quotes from top carriers
- Side-by-side coverage comparison
- Handyman-specific expertise
- Streamlined application process
- Ongoing policy management
- Claims advocacy support
Our data shows potential premium savings of:
- Small operations ($150K revenue): 30-50%
- Mid-size ($500K revenue): 25-40%
- Large operations ($1M+ revenue): 20-35%
Visit our online quote tool or speak with a handyman insurance specialist today.