As a handyman in Oregon, having proper insurance protects your business from financial risks while helping you secure more clients. This guide breaks down essential insurance coverages Oregon handymen need, with costs based on our analysis of actual quotes from leading carriers.
Gain insight into expanded self employed handyman insurance guides for independent pros.
General Liability Insurance for Oregon Handymen
Based on our analysis of quotes from leading carriers, here are the annual premiums for Oregon handymen:
| Revenue Size | Average Premium | % of Revenue | Favorable Rate | Potential Savings |
|---|---|---|---|---|
| $150K | $2,700 | 1.8% | $1,100 | 59% |
| $500K | $7,100 | 1.4% | $3,300 | 54% |
| $1M | $15,400 | 1.5% | $6,900 | 55% |
These premiums assume:
- Clean claims history (5+ years without incidents)
- Standard $1M/$2M coverage limits
- Typical mix of residential and light commercial work
- Approximately 10% subcontractor costs
- Revenue size corresponds to staff size: $150K (1 person), $500K (3 people), $1M (5 people)
Worker’s Compensation Insurance for Oregon Handymen
Worker’s compensation coverage in Oregon averages $2,861 per employee annually, or $6,700 per $100,000 of payroll, which is relatively low compared to other states.
Key factors affecting premiums:
- Job classification codes
- Annual payroll
- Claims history
- Safety programs
- Experience modifier rating
Additional Business Insurance for Handymen in Oregon
- Commercial Auto Insurance
- Annual cost: $1,500-$3,050 per vehicle
- Standard limits: $100K per person/$300K per accident/$100K property damage
- Tools & Equipment Coverage
- Annual premiums: $200-$2,000
- Policy limits: $5,000-$15,000+
- Per-item limits typically $5,000
- Contractor’s E&O Insurance
- Annual cost: $300-$1,000
- Coverage limits: $100,000-$1M+
- Protects against faulty workmanship claims
- Surety Bonds
- Premium: 1-3% of bond amount
- Costs vary by credit score
- Common amounts: $5,000-$25,000
- Commercial Property Insurance
- Annual cost: $1,000-$5,000
- Covers workshops, storage facilities, offices
- Protection against fire, theft, vandalism, weather damage
Get Oregon Handyman Liability with ContractorNerd
ContractorNerd provides data-driven insurance solutions for Oregon handymen through:
- Specialized handyman insurance expertise
- Competitive quotes from leading carriers
- Streamlined application process
- Ongoing policy management support
- Claims advocacy when needed
Our analysis shows potential savings of:
- Small operations ($150K revenue): 30-59%
- Mid-size operations ($500K revenue): 25-54%
- Large operations ($1M+ revenue): 20-55%
Contact us today for customized quotes based on your specific business needs.