As a handyman in Tennessee, having proper insurance coverage is essential for protecting your business, meeting state requirements, and securing contracts. Our comprehensive guide breaks down the key insurance coverages Tennessee handymen need, with costs based on our analysis of actual quotes from leading carriers.

Learn what a public liability insurance for handyman resource can teach you about potential hazards.

General Liability Insurance for Tennessee Handymen

Based on our analysis of quotes for handymen from leading carriers in Tennessee:

Revenue SizeAverage Premium% of RevenueFavorable RatePotential Savings
$150K$2,9001.9%$1,40052%
$500K$7,6001.5%$3,80050%
$1M$16,1001.6%$8,30048%

These premiums assume:

  • Clean claims history (5+ years without incidents)
  • Standard $1M/$2M coverage limits
  • Mix of residential maintenance and repair work
  • 10% subcontractor costs

Worker’s Compensation Insurance for Tennessee Handymen

Tennessee handyman businesses with employees must carry workers’ compensation insurance. Based on our analysis:

  • Average cost per employee: $5,026 annually
  • Cost per $100K payroll: $12,840
  • Primary classification code: 5645

Key factors affecting premiums:

  • Job classification
  • Annual payroll
  • Claims history
  • Safety programs
  • Experience modifier rating

Additional Business Insurance for Handymen in Tennessee

1. Tools & Equipment Coverage

  • Annual premiums: $200-$2,000
  • Coverage limits: $5,000-$15,000+
  • Protects tools both in transit and at job sites

2. Commercial Auto Insurance

  • Cost: $1,500-$3,050 per vehicle annually
  • Standard limits: $100K/$300K/$100K
  • Higher limits recommended: $500K-$1M

3. Contractor’s E&O Insurance

  • Annual premiums: $300-$1,000
  • Coverage limits: $100,000-$1M+
  • Protects against faulty workmanship claims

4. Surety Bonds

  • Bond amounts: $5,000-$25,000
  • Premium: 1-3% of bond amount
  • Rates vary by credit score

5. Commercial Property Insurance

  • Annual premiums: $1,000-$5,000
  • Protects workshops, storage facilities, offices
  • Coverage based on property value and location

Get Tennessee Handyman Liability with ContractorNerd

ContractorNerd makes handyman insurance simple and data-driven through:

  • Instant online quotes from top carriers
  • Side-by-side coverage comparisons
  • Tennessee-specific expertise
  • Streamlined application process
  • Ongoing policy management support
  • Claims advocacy when needed

Our handyman insurance specialists help you:

  • Find optimal coverage levels
  • Secure competitive rates
  • Bundle policies for savings
  • Ensure state compliance
  • Manage certificates and renewals

Visit our online quote tool or speak with a specialist to get started with tailored coverage for your Tennessee handyman business.