How much does Handyman Insurance cost in the UK?

Handyman Insurance with Rhino starts at £8.49 per month, however there are various factors that go into calculating your actual premium such as your level of risk, the number of employees that require cover and the level of insurance you wish to take out.

What affects the cost of my premium?

As you’d expect, there are various factors that affect the price of your premium. The type of work you carry out is a key factor. The higher the risk, the higher your premium will be. If you work using heat, for example, you will be classed as a higher risk than a handyman that doesn’t. The number of people you employ plays a part too. If you employ someone, you’re legally required to have Employers’ Liability Insurance in place, plus there’s an additional person to cover on your Public Liability Insurance policy. There’s also the level of cover you need. The more cover you have, the higher your premium. So whilst there is a base price, your final premium could be different to the minimum level of cover that’s offered – it’s dependent upon your business requirements.

What insurance do I need as a self-employed Handyman?

If you’re looking to protect your business, Public Liability Insurance is a good place to start. It helps protect you up to your chosen level of cover should you cause damage to third party property or if you cause injury or illness to a member of the public. It’s often a requirement for job posting boards as well as contracted work and you’ll likely find that customers want proof that you’re covered before allowing you to work on their property.

Following that, you’re legally required to have Employers’ Liability Insurance in place if you employ a member of staff (although there are some circumstances where this isn’t a requirement, read about them here).

Professional Indemnity Insurance will protect you should you provide faulty advice or design that results in your client making a financial loss.

Tools in Transit Insurance helps cover the cost of lost, damaged or stolen tools from your vehicle. With over 80% of Rhino customers knowing somebody who has been a victim of tools theft, this may be worth considering.

Is insurance necessary?

We’d argue that yes, insurance is necessary - but of course we would! Insurance is there to offer financial protection when you most need it. But don’t just take our word for it, you can see what our customers had to say as well.

Unfortunately, things can go wrong when you’re on a job no matter your level of experience – it may not even be your fault, you could fit a faulty part which causes the damage. That’s no fault of yours, but without the relevant cover in place, it’d be you footing the bill.

Insurance also signals to potential customers that you’re a trustworthy business. Trust goes a long way when booking someone in for a job, and knowing that the right levels of protection are in place can be important for customers. In fact, 37% of our customers said that they have insurance to help re-assure their customers.

So is insurance worth it, yeah – we think it is. And so do fellow tradespeople.

How can Rhino help?

Rhino are an insurance specialist for tradespeople and can provide you with a quote within a matter of minutes. You can get one yourself via our quote engine, or if you’d rather speak to a member of the team, you can call on 0116 243 7904.