You’re a handyman, you’re good at what you do, but accidents happen. That’s where umbrella insurance comes in. It’s an extra layer of protection for your business.

This article will tell you why you need it, what it covers, and doesn’t cover, how much it costs, and how to get it.

Let’s dive in and ensure you’re prepared for whatever comes your way.

What is Umbrella insurance

You’re probably wondering what umbrella insurance is; it’s essentially extra liability coverage that goes beyond the limits of your regular insurance policies. It’s like having a safety net, ready to catch you if you’re ever in a financial free-fall.

Now, let’s talk about the insurance benefits. It can cover you for things that mightn’t be included in your other policies, like false arrest, libel, or slander. It also kicks in when your other insurance has reached its policy limitations.

Imagine you’re a handyman, and you accidentally cause a major damage to a client’s property. Your regular insurance may not cover the entire cost, but that’s where your umbrella insurance comes in. It’s a valuable addition to your insurance portfolio, providing an extra layer of protection.

Why does a handyman need Umbrella insurance

In your line of work, it’s essential to have extra coverage for those unexpected incidents that can occur on a job site. That’s where umbrella insurance comes in.

As a handyman, your job involves a lot of risk management. You’re constantly working with potentially dangerous tools and materials, and even a small mistake could lead to significant damage or injury.

That’s where the legal implications come in. If something goes wrong and you’re found at fault, you could be facing a hefty lawsuit. But with umbrella insurance, you’ll have the extra coverage you need to protect yourself and your business.

It’s not just about covering your assets, it’s about peace of mind too. So, don’t risk it. Get that umbrella policy.

How much does Umbrella insurance cost

Surely, you’re wondering about the cost of this additional coverage, aren’t you? It’s important to understand that the premiums for your Umbrella insurance will be influenced by various Premium Factors. Things like your line of work, risk level, and even your location can drastically affect your rates.

To aid in your Policy Comparison, consider the following table.

Premium FactorsPotential Impact
Line of WorkHigh risk jobs may increase your premium
Risk LevelMore risks can lead to higher costs
LocationAreas with higher claims rates may have higher premiums

Seeing the potential impact of these factors, you’re likely feeling a mix of emotions. However, remember that this coverage offers peace of mind and financial protection, making it a worthy investment. Learn more about the Cost of Umbrella Insurance for Handyman in this comprehensive article.

Is Umbrella insurance required for a handyman

While it’s not typically mandated, having additional coverage as a tradesperson can really save your skin in the event of a costly accident or lawsuit. You might think your general liability insurance is enough, but it has policy limitations. It mightn’t cover all the liability risks you face as a handyman.

That’s where umbrella insurance comes in. It extends your coverage beyond these limitations, providing an extra layer of protection. For instance, if a client sues you for damages and the cost exceeds your liability insurance, your umbrella policy kicks in.

What does Umbrella insurance cover

You’re probably wondering what this extra layer of coverage actually protects you from, aren’t you? Umbrella insurance covers claims beyond your standard policy’s coverage limits. Meaning, if you’re sued for a sum larger than what your basic insurance covers, your umbrella policy kicks in.

However, it’s important to understand policy exclusions. Umbrella insurance doesn’t cover everything. For example, it won’t cover intentional acts or damages you’re expected to control. It also won’t replace your basic liability coverage.

What doesn’t Umbrella insurance cover

It’s crucial to note, however, that this additional coverage won’t handle claims related to your intentional actions or situations you should’ve been able to control. These are known as policy exclusions. For example, if you purposely break a client’s property or engage in fraudulent activities, don’t expect your umbrella insurance to step in. If you should’ve maintained your equipment properly to avoid accidents, but you didn’t, you’re likely looking at a claim rejection.

Furthermore, umbrella insurance doesn’t cover liabilities you accept under contract or damages from professional services. So, if you’re sued for poor workmanship or a botched job, your policy may not cover you. Hence, it’s essential to fully understand your policy exclusions to prevent unpleasant surprises when making a claim.

How to get Umbrella insurance?

Now that you’re clear on what umbrella insurance doesn’t cover, let’s dive into how you can get this coverage.

Start by reaching out to various insurance providers. They’ll be able to give you detailed information about their specific policies and rates. Don’t just settle for the first quote you get. Instead, make policy comparisons to ensure you’re getting the best deal.

Look at the coverage amounts, premiums, and terms of each policy. Pay special attention to any exclusions or limitations. You’ll also want to consider the reputation of the provider and their customer service.


So, there you’ve it! As a handyman, umbrella insurance isn’t just a good idea – it’s a necessity.

It offers that extra layer of protection, covering costs that go beyond your standard insurance.

Although it’s not legally required, the peace of mind it provides is worth every penny.

Remember, it’s not about what it doesn’t cover, but what it does.

So, don’t wait – get your umbrella insurance today and safeguard your handyman business.