Handymen and handyman contractors play an invaluable role maintaining and improving homes across West Virginia. However, operating a handyman business carries significant risks and exposures that make carrying proper insurance extremely important. This comprehensive guide examines typical insurance costs for West Virginia handymen based on their size and services. It summarizes the premium ranges handymen can expect to pay for essential policies like general liability, workers compensation, bonds, and other vital coverages.

Understanding typical insurance rates allows handymen to accurately benchmark costs. Partnering with an experienced handyman insurance specialist who has access to top markets is also key for securing tailored coverage at competitive pricing. Properly insuring a handyman business reduces risk and provides peace of mind.

Handymen working in West Virginia need to have the proper handyman insurance policies in place. This typically includes liability coverage for handymen to safeguard against third-party claims and workers’ comp insurance for handymen to cover employee injuries sustained while on the job.

Key Factors Impacting Insurance Costs for Handymen in West Virginia

Several important factors affect what West Virginia handymen pay for critical insurance policies such as general liability and workers compensation:

  • Company Size – As expected, premiums increase as annual revenues and number of employees grow due to heightened exposures. Larger handyman businesses pay substantially more than smaller operators.
  • Years in Business – New handyman businesses with no loss run history pay significantly higher premiums compared to established companies with 5+ years of claims-free experience. Insurers view unproven businesses as riskier.
  • Services Performed – Handymen who take on higher-risk services like roofing, electrical, plumbing, or structural work pay more than those focused on lower-risk services like painting, minor repairs, or landscaping. The exact mix of handyman services performed affects rates.
  • Coverage Deductibles – Choosing higher deductibles on policies reduces annual premiums but increases out-of-pocket costs in the event of a future claim. Handymen must balance risk tolerance with premium savings.
  • Business Location – Insurance rates can vary substantially between different cities and regions within West Virginia. More rural handymen may pay somewhat less than those operating in major metros. Geographic location contributes to pricing.
  • Policy Discounts – Many insurers offer handymen premium discounts for completing safety programs, belonging to trade associations, choosing higher deductibles, having multiple policies with the same company, opting for paperless billing, and more. Discounts provide savings opportunities.
  • Insurance Company – Premium rates, underwriting criteria, and eligibility requirements differ significantly between insurance carriers. Getting multiple quotes ensures handymen find the most competitive pricing.

Thoroughly understanding the key variables that impact costs allows handymen to make smart decisions when purchasing insurance and look for potential savings opportunities. Partnering with an experienced handyman insurance advisor provides further leverage to secure optimal coverage at reasonable rates.

Overview of Cost Ranges for Small, Medium, and Large Handyman Businesses in West Virginia

Below is an overview of typical annual insurance premium ranges for small, medium, and large handyman businesses in West Virginia based on their approximate revenues and number of employees.

These premiums assume established handyman professionals working predominantly on residential home improvement projects with 5+ years of experience and no recent liability or work comp claims. Actual rates can be much higher for brand new businesses performing certain high-risk services, or companies with poor loss run histories and reduced coverage limits. Use these ranges as a baseline reference point when comparing policies.

Small Handyman Business ($150K Annual Revenues, 1 Owner, 1 Part-Time Employee)

General Liability Insurance

  • Typical Premium: $4,000
  • Low End Premium: $2,100
  • High End Premium: $5,100

Workers Compensation Insurance

  • Typical Premium: $2,300
  • Low End Premium: $1,800
  • High End Premium: $4,000

License Bonds

  • Not required by the state of West Virginia

Medium Handyman Business ($500K Annual Revenues, 1 Owner, 3 Full-Time Employees)

General Liability Insurance

  • Typical Premium: $10,700
  • Low End Premium: $6,900
  • High End Premium: $12,300

Workers Compensation Insurance

  • Typical Premium: $6,900
  • Low End Premium: $5,200
  • High End Premium: $11,400

License Bonds

  • Not required by the state of West Virginia

Large Handyman Business ($1M Annual Revenues, 1 Owner, 5 Full-Time Employees)

General Liability Insurance

  • Typical Premium: $26,800
  • Low End Premium: $16,200
  • High End Premium: $40,200

Workers Compensation Insurance

  • Typical Premium: $11,600
  • Low End Premium: $8,100
  • High End Premium: $17,900

License Bonds

  • Not required by the state of West Virginia

Overview of Additional Insurance Coverages for Handymen and Typical Premiums

Beyond general liability and workers compensation policies, West Virginia handymen need to consider several additional insurance coverages:

Commercial Auto Insurance – Covers liability and physical damage risks associated with company vehicles used for handyman business. Typical premiums range from $1,500 – $3,000 annually.

Inland Marine (Tools & Equipment) – Insures tools, equipment, supplies, and materials owned by the handyman business against theft, damage, or loss on or off the job site. Approximately $750 – $2,000 in annual premiums.

Commercial Property Insurance – Protects the handyman’s shop, office, storage buildings and other business properties against damage, theft, and loss. About $2,000 – $5,000 in annual premiums depending on location and property values.

Employment Practices Liability – Defends against employee lawsuits alleging wrongful termination, discrimination, harassment or other employment violations. Typically costs around $3,000 annually.

Cyber Insurance – Covers data breaches, hacking incidents, cyber extortion threats, and electronic theft involving digital handyman business assets. Approximately $1,200 per year.

Umbrella Liability – Extra liability limit above general insurance; handymen can purchase up to $5 million in additional coverage. Usually $1,500 annually per $1 million in umbrella coverage.

Getting Multiple Quotes and Securing the Right Insurance for Your Handyman Business

Shopping insurance policies each year and getting multiple quotes from specialist brokers ensures handymen secure optimal coverage at the most competitive rates. Unfortunately, relying solely on general insurance agents that lack specialized expertise in the home repair trades often results in overpaying on premiums, underinsuring exposures, and encountering large coverage gaps.

An experienced handyman insurance broker who works exclusively within the trades has access to niche programs from top markets offering tailored products and pricing unavailable from standard insurance carriers. These specialists act as staunch advocates on the handyman’s behalf to negotiate custom packages providing superior protection.

Partnering with the right handyman insurance advisor saves businesses substantially on premiums over the long-term while also ensuring access to expert claims services. Handymen should have confidence they are adequately covered by experienced professionals intimately familiar with the unique risks contractors face.

When obtaining insurance quotes, handymen should make sure to ask brokers key questions:

  • Do you specialize in handyman insurance? How long have you focused on the trades?
  • How many insurance carriers do you have access to?
  • Can you provide references from other handyman clients?
  • Will you review my operations to identify potential coverage gaps?
  • How can you help me optimize both coverage and pricing?

Having an open and informed conversation empowers handymen to select a true insurance partner that understands their business and provides maximum value and protection.

State Bond Requirements for Handymen in West Virginia

While handyman businesses are not required to carry license or permit bonds by the state of West Virginia, local municipalities may impose their own bonding regulations. Handymen should verify rules within the specific cities, towns, and counties where they operate.

Many large home remodeling or home addition jobs will also often necessitate performance bonds to guarantee the work even when not legally mandated. Homeowners look for this protection when investing tens or hundreds of thousands into projects.


Understanding typical insurance costs for general liability, workers compensation, auto, bonds and other coverages allows West Virginia handymen to accurately benchmark their own premiums. While rates fluctuate based on revenues, experience, services, location and other factors, having an approximate range helps handymen assess policies.

Shopping quotes through an experienced, handyman-focused specialist broker provides maximum choice to secure tailored coverage at the best price. Specialists have access to niche carriers and exclusive programs unavailable from standard insurance agents. They also offer informed counsel on optimizing protection.

Properly insuring your handyman business reduces key risks and provides peace of mind. Handymen who invest in the right specialty insurance package put themselves in position to prosper and grow.