As a handyman in Ohio, having proper insurance coverage is essential for protecting your business and meeting client requirements. This comprehensive guide breaks down insurance costs and coverage options based on our analysis of actual quotes from leading carriers for Ohio handymen.
Explore our comprehensive handyman insurance quote comparisons to find ideal coverage.
General Liability Insurance for Ohio Handymen
Based on our analysis of over 850 quotes from leading carriers, here are the typical costs for Ohio handymen:
| Revenue Size | Average Premium | % of Revenue | Favorable Rate | Potential Savings |
|---|---|---|---|---|
| $150K | $2,400 | 1.6% | $1,670 | 30% |
| $500K | $7,250 | 1.5% | $5,800 | 20% |
| $1M | $14,440 | 1.4% | $10,440 | 28% |
These premiums assume:
- Clean claims history (5+ years without incidents)
- Standard $1M/$2M coverage limits
- Mix of residential and light commercial work
- Approximately 10% subcontractor costs
Worker’s Compensation Insurance for Ohio Handymen
Worker’s compensation insurance rates in Ohio are among the lowest nationally, with handymen typically paying around $2,004 per employee annually or $4,590 per $100,000 of payroll.
Key factors affecting premiums:
- Job classification codes
- Annual payroll amounts
- Claims history and safety programs
- Experience modifier rating (EMR)
Additional Business Insurance for Handymen in Ohio
- Commercial Auto Insurance
- $1,500-$3,050 per vehicle annually
- Required for business-owned vehicles
- Standard limits: $100K/$300K/$100K
- Tools & Equipment Coverage
- $200-$2,000 annually
- Coverage limits: $5,000-$15,000+
- Per-item limits typically $5,000
- Professional Liability (E&O)
- $300-$1,000 annually
- Coverage: $100K-$1M+
- Protects against faulty work claims
- Commercial Property Insurance
- $1,000-$5,000 annually
- Covers business property and contents
- Protection against fire, theft, weather damage
- Surety Bonds
- Premium: 1-3% of bond amount
- Typical bonds: $5,000-$25,000
- Rates vary by credit score
Get Ohio Handyman Liability with ContractorNerd
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- Specialized agents familiar with Ohio requirements
- Multiple carrier options for competitive rates
- Streamlined application process
- Ongoing policy management support
- Claims advocacy when needed
Our platform offers:
- Instant online quotes
- Coverage comparisons
- Bundled policy discounts
- Compliance verification
- Certificate management
Contact us today for tailored quotes and expert guidance for your Ohio handyman business.