Handyman Liability Insurance in New Mexico – NM
Handyman Liability Insurance in New Mexico – NM is a an important type of insurance to have for any person who does odd, yet highly skilled projects.
A handyman, also known as a handyperson or handyworker is a individual who is employed at skilled jobs.
If you’re a handyman, you should buy handyman liability insurance, and here’s why!
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What Jobs does Handyman Do in New Mexico?
But first, a handyworker is not to be confused for a contractor because the former is a individual who can do seevral tasks around your home.
The latter generally has some sort of registered license, but can also buy handyman liability insurance in New Mexico. That said, here are some regular jobs handymen provide.
What are the Common Handyman Jobs in New Mexico?
Even though there are plethora of services handymen perform, the services listed below are the most common.
This is one of the most regular jobs handyworkers provide, and is related to plumbing parts in a house.
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There’s nothing more infuriating than malfunctioning plumbing components in a home.
From the constant dripping havoc to the mold and mildew released from the extra water, it’s a big task to deal with.
To find the cause of the leak, you will need a little expertise, for which you will have to commision a professional handyman. You can always hire a plumber to do the task, but this will cost you more money.
Handymen in the plumbing area can fix this sort of leaks and much more such as leaks and damages related to washing machines, showers, and even leaks underneath sinks.
The swiftly you can get these damages fixed, the better it is for the future.
Light Fixture Installation
Changing light fixtures may seem simple, but it really can be a tough task.
A handyperson can repair your light parts to increase the aesthetic appeal of your residence.
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Some handymen also have the knowledge to give great ideas on upgrading your current light components to make your home more presentable.
If you’re a house owner, you should already know the damage that can happen to your drywall. These dents occur when you have kids and pets.
The Good news is that fixing drywall isn’t that difficult, that is if you got the right tools.
A drywall handyworker not only has special skill and finesse, but also possesses the accurate tools for the job.
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Interior and Exterior Painting
Yet another job you can perhaps do yourself, but the results will not be great.
Commissioning the services of a handyworker makes sure you get a good job done.
Quick fact: more than 20 percent of houses in America have outdoor living locations including balconies, decks and patios. These living spaces truly make living more delightful, as long as they’re in good working state.
But due to exposure to bad weather, outdoor spaces can get mangled over the years.
And as a house owner, you probably don’t have the skills to mend the decking yourself.
This is another common project for handyworkers, as they possess special skills to get the job done perfectly.
Replacing or fixing a floor in your home can be a tiresome process. Flooring can get ruptured easily such as with dings and dents.
But these things can be easily fixed by a handyman.
And if you’re a handyperson selling stuff related to flooring from your website, you have to check out ecommerce business insurance in New Mexico, as it will shield your online business from liability.
Even though professional roofers install roofs on buildings, some handypersons are skilled at repairing or replacement of shingles.
If you’re a roofer or a handyperson dealing with roofs, then you need to explore separate roofing insurance in New Mexico policy.
A simple fall from a ladder could cause damage to your client or his/her property, for which they can sue your roofing agency for big money.
What are the Advantages of Handyman Liability Insurance in New Mexico (NM)?
Even if you’re a single employee of the company, you should get handyman liability insurance in NM.
As a handyperson, you probably have several pieces of tools to complete tasks with ease.
These tools can be pricey, and can damage your business in the event of theft. With handyperson liability insurance, your tools are covered against theft, so you can replace them easily if they’re stolen.
General liability coverage is yet another benefit of handyman liability insurance and covers you in case you cause damage to your customers.
For example, if you’re painting the exterior of a customer’s home, and knock over paint on the family pet, you may be sued by the residence owner.
So, ask yourself, when this takes place, do you have the cash to pay for these claims? Probably not, which is why you need handyman liability insurance in NM.
As a handyman in New Mexico, you probably don’t get workers compensation. This implies that if you get harmed while performing the customer’s project, your medical tabs will not be paid.
Plus, if you take time off due to the damage caused to you, you will not be paid for the lost time. With handyman liability insurance, you get compensated for when you take leave from work.
Should Your Handyworker have Insurance in New Mexico?
You probably have homeowner’s insurance, but does it protect you against injury caused to a 3rd party — your handyworker? The answer is probably not!
Even if your residence insurance policy does provide cover coverage for handyman damage, you will still have to pay the deductible first to settle the claim.
Furthermore, if the handyperson causes any damage to furniture and people in your home, your home insurance will probably not coverage it whatsoever.
What are the Different Types of Handyman Insurance in NM?
There are many types of handyman insurance coverages to choose from. But it’s worth noting that the more coverage you ask for, the steeper the price.
Handyman general liability insurance is the most traditional type of handyman insurance coverage, and covers property damage, medical fees legal fees and settlements.
As a handyman, you may be hired for several types of jobs for your clients including installing a new kitchen sink or repairing windows.
General liability insurance for handyman in New Mexico protects you in case anyone trips over your tools, and hurts their leg or other part of their body.
And if you mistakenly break your client’s $100,000 antique vase, then General liability insurance for handyman in New Mexico – NM will cover you for that too. This form of insurance will also cover you against any injury onsite and libel, slander and defamation.
Many insurance agencies will also provide the option of adding vehicle insurance, which should protect your tools against theft and damage.
If you drive a vehicle with many tools in it, then choose the extra vehicle insurance option makes sense.
To determine whether you need handyman insurance, ask yourself if you will be able to pay for the damages from your own pocket.
Does a Handyman Need a License in New Mexico?
Even though handyworkers perform several kinds of jobs, some tasks do require a handyman license in New Mexico.
In most cases, states do not provide handyman licenses, but this also depends on how huge the job is.
For example, if the job is valued over $5000, the handyperson may be asked to apply a license.
Each state has its own prerequisites for a handyperson license, and some states don’t need a handyman license such as New Mexico.
Handyman Liability Insurance Cost – What to Expect
Handyworker insurance fees vary across insurance agencies, and also depends on the type of coverage you opt for.
Handyworkers can expect to pay anywhere between $60 per month for general handyworker liability insurance cover.
If you want to opt for handyman workers compensation insurance coverage, then the price of handyman liability insurance will be somewhere around $300 per month.
Ready to Get Handyman Liability Insurance in New Mexico?
When selecting the best handyman liability insurance cover, pay attention to the terms and conditions.
Further, don’t forget to seek clarification about any questions you may have, so that you get the right handyman liability coverage.