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Insurance

Who Insures Handyman Contractors?

By September 18, 2016April 5th, 2023No Comments
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Hint: We Do!

A lot of insurance companies and insurance brokers shy away from Handyman contractors. The combination of a typically small company in addition to the risk associated with the large number of small jobs just put some insurance companies and most brokers into a panic.

One insurance company that has a policy just for handyman contractors in Utica First. utica-first-insurance-company-1-handyman-contractors-insurance-companyUtica First Insurance Company has an excellent Artisan Contractors Policy just for Handyman contractors. The handyman policy has a variety of options and coverage selections starting with very basic and graduating up to a fairly comprehensive handyman policy for both New York and Connecticut Handyman Contractors.

The basics: What is included by default on a handyman policy.

All Utica First Handyman policies include General Liability, the limits of liability vary starting with a $300,000 per occurrence limit up to $1,000,000 per occurrence. We always encourage the $1,000,000 liability limit since the price difference is minor. This basic policy includes the following:

Bodily Injury Liability: Coverage for when someone is hurt as a result of your work. Example, you are working and someone trips over your extension cord and sues you.

Property Damage Liability: Coverage for Damage to someone else’s property as a result of your work. Example, you are painting and knock over a bucket of paint and damage the carpets etc.

Medical Payments: Coverage for the immediate medical attention of an injured part. Not an employee. Example: covers the medical bills for the person that tripped over your extension cord without them suing you.

Products/ Completed Work: Coverage for your work after you finish the job. For example, you hang kitchen cabinets and they fall off the wall and hurt someone or break the stove underneath.

Fire Legal Liability: Coverage for fire or explosion to a property rented or loaned to you. Example: You rent a small shop to keep your tools and your burn the building down.

Personal Injury / Advertising Injury: Coverage for non-tangible injuries. Example: You used someone else’s copyright protected advertisement in your own advertising, and the sue you.

The extras: What can be added to a handyman policy for extra $.

Blanket Additional Insured, this endorsement is one of the best values to add to your policy. Without this endorsement every time you need a certificate listing someone as additional insured their would be a charge. Plus the total cost for the endorsement is around $50.00

Tools & Equipment, this is a simple way to get coverage for your tools and equipment. With low deductibles, it is a no brainer to protect your valuable tools. Generators, air compressors ect.. are critical to running your business can you afford to replace them if they were stolen? IF not considering this artisan policy extra.

Who is Utica First Insurance Company?

Utica First is a strong local Property and Casualty Insurance Company based out of Utica, NY. They have specialized in unique insurance solutions since 1903. Utica First is an A rated company by AM Best. They write in New York, Connecticut, New Jersey, Pennsylvania, Ohio, Virginia, Maryland and Florida. GRBM is authorized to write policies in New York, Connecticut and New Jersey only. Utica’s main focus area is small residential contractors with over 40,000 policyholders.

Who is GRBM?

GRBM is a local family owned independent insurance agency. Gary McCarthy Sr. started the agency in 1986 and currently his 3 sons work in the business. With a focus on construction for 30 years we are the go to agency for contractors insurance in both New York and Connecticut.

Ready to get your handyman policy started?

Get a quote while you are on the phone and have a certificate in 30 minutes or less.

 


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