As a home service provider, you might not be a full-fledged contractor, but that doesn’t mean that you don’t need to have insurance coverage in case something goes wrong. You may be tempted to just go with a run of the mill insurance company to fulfill this need, but we urge you to think twice about doing that, because not every insurance company is the same. In fact, choosing the wrong insurance company can end up costing you thousands of dollars more in the long term, which can ruin your business in more ways than one.
Are you properly insured?
We were lucky enough to stumble upon Next Insurance, and we couldn’t be happier with our decision. We simply went online and filled out the information for the policy of our choice. They allowed us to tailor our coverage, so that we had exactly what we needed for the work that we do. That option allowed us to save money, as we don’t need to pay for things that we don’t need.
It only took us a few minutes to read through everything, make our choices, and purchase the policy. We were thrilled when we found out that we could make monthly payments without needing to pay extra fees for that little luxury! It was so nice to not need to come up with a massive amount of cash right away yet know that we were covered in full for any work that we did.
In case you are wondering about the options that Next Insurance has, here they are:
- Basic – The general liability of this policy has a $300,000 limit with a $300,000 aggregate. Your deductible would be between $500 and $1,500.
- Pro – The general liability for this policy has a $1,000,000 limit and a $1,000,000 aggregate. The deductible is $500.
- Pro Plus – The general liability for this policy is a $1,000,000 limit with a $2,000,000 aggregate. There is between a zero dollar and $500 deductible.
Each one of the above plans covers bodily injury, property damage, medical payments, libel, slander, and defamation. The best part about all their plans and their coverage is that they are ready and willing to answer any questions that you may have before you purchase a policy through them or after you have your policy in place.
Once you have your policy through Next Insurance, you will be ready to work anywhere without worrying that something major will happen and you end up being sued. While showing your clients your policy will ensure them that you are covered in full, you also have the option to add the homeowner to your policy as an additional insured. This doesn’t cost you anything extra and it will give your client the peace of mind that they need as you are doing your job.
If you are ready to ensure that you have the insurance that you need for your handyman business, we urge you to check out Next Insurance. We guarantee that you will never regret your decision!
Types of Insurance when your self employed