GEICO’s Business Insurance for Handymen

The handyman industry is booming. With the rise of the gig economy, remote work, and a growing demand for home improvement services, skilled tradespeople are more in demand than ever. But with opportunity comes risk—especially in today’s unpredictable world. From supply chain disruptions to extreme weather events, handymen face unique challenges that make business insurance not just a smart choice, but a necessity.

GEICO’s Business Insurance for Handymen is designed to protect your livelihood, whether you’re a solo contractor or run a small team. Let’s dive into why this coverage matters now more than ever—and how GEICO can help you stay secure in an uncertain economy.

Why Handymen Need Business Insurance in 2024

The Rise of Independent Contractors

The gig economy has reshaped how tradespeople work. Many handymen now operate as independent contractors, taking on short-term projects rather than traditional employment. While this offers flexibility, it also means you’re responsible for your own liability. Without insurance, a single accident or lawsuit could wipe out your earnings.

Increased Liability Risks

Homeowners today are more litigious than ever. A simple mistake—like a misplaced drill damaging a client’s antique furniture—could lead to a costly lawsuit. GEICO’s general liability coverage helps protect you from third-party claims, covering legal fees and damages so you don’t have to pay out of pocket.

Supply Chain and Inflation Pressures

Material costs have skyrocketed in recent years, and delays in supply chains mean projects take longer to complete. If a client accuses you of delays or cost overruns, professional liability insurance (included in some GEICO policies) can shield you from financial fallout.

Key Coverages in GEICO’s Handyman Insurance

General Liability Insurance

This is the foundation of any handyman’s insurance policy. It covers:
- Bodily injury (e.g., a client trips over your toolbox)
- Property damage (e.g., accidentally breaking a window while working)
- Advertising injury (e.g., a competitor sues you for defamation)

Tools and Equipment Coverage

Your tools are your livelihood. If they’re stolen from your truck or damaged in a storm, GEICO’s inland marine insurance can help replace them quickly so you don’t miss work.

Commercial Auto Insurance

Many handymen use their personal vehicles for work, but standard auto insurance won’t cover accidents that happen while on the job. GEICO’s commercial auto policy ensures you’re protected when transporting materials or traveling between job sites.

Workers’ Compensation (If You Have Employees)

If you hire helpers or subcontractors, workers’ comp is often legally required. It covers medical bills and lost wages if an employee gets injured on the job.

How GEICO Stands Out for Handymen

Affordable, Customizable Policies

GEICO understands that every handyman’s business is different. Whether you specialize in plumbing, electrical work, or general repairs, you can tailor your policy to fit your exact needs—without overpaying for unnecessary coverage.

Fast, Easy Claims Process

Time is money when you’re self-employed. GEICO’s 24/7 claims service and mobile app make filing a claim quick and hassle-free, so you can get back to work faster.

Discounts for Safe Practices

GEICO rewards proactive handymen with discounts for:
- Bundling multiple policies (e.g., auto and liability)
- Maintaining a clean claims history
- Completing safety training courses

Real-World Scenarios Where GEICO’s Insurance Saved the Day

Case 1: The Slip-and-Fall Disaster

A handyman in Florida left a wet floor unattended after fixing a leaky pipe. The homeowner slipped, broke an arm, and sued for $50,000 in medical bills. Thanks to GEICO’s general liability coverage, the claim was settled without the handyman paying a dime.

Case 2: Stolen Tools Crisis

A Chicago contractor had $5,000 worth of tools stolen from his van overnight. Because he had GEICO’s tools and equipment coverage, he received a reimbursement check within days—allowing him to replace his gear and keep working.

How to Get Started with GEICO

1. Assess Your Risks – List the biggest threats to your business (e.g., tool theft, client lawsuits).
2. Get a Quote Online – GEICO’s website offers instant estimates based on your trade and location.
3. Speak to an Agent – For complex needs, a GEICO rep can help customize your policy.
4. Stay Protected – Review your coverage annually as your business grows.

In a world where one accident can derail your career, GEICO’s Business Insurance for Handymen is more than just a safety net—it’s peace of mind. Don’t wait for disaster to strike. Protect your trade today.