Handyman liability insurance with State Farm costing $2,500 a year

Running a small handyman operation here, just me and a helper tackling everything from drywall patches to fence repairs. We're using State Farm for general liability and it's running us $2,500 annually for $1M coverage. 15 years in, I've seen claims eat guys alive, so if you're owner-op, factor that premium into your bids or you'll be working for free.

don't skimp on that coverage, I saw a buddy get sued over a loose handrail and it wiped him out.

state farm is solid, but shop around every renewal.

same here, premiums keep climbing.

get endorsements for tools and equipment theft, mine covers up to 10k.

fml, client blamed me for their dog getting loose during a gate install.

umbrella policy on top, 2 mil extra for 300 more.

handymen get hit hard on property damage claims.

agreed, always document with photos before starting.

the big corps are coming for us independents.

value based pricing helps cover these costs.

customer called pissed because we fixed their deck but it rained after.

lol classic, weather ain't our fault.

check exclusions for flood damage in your policy.

helped a guy in contractors network who got nailed for a ladder fall.

we're all one slip up from bankruptcy.

state farm denied my claim over a 'wear and tear' fence repair.

bullshit, appeal it with photos.

frustrated as hell with these adjusters.

same, took months to settle.

the homeowners are the real villains here.

charging clients for the risk we take.

how do you quote liability into small jobs?

i finally got workers comp even as solo.

smart, accidents happen to you too.

watched tommy mello vid on protecting your ass legally.

link it?

i feel you on the costs.

another year, another rate hike.

screw these insurers.

hit 100k revenue, premiums jumped 40%.

don't ignore subcontractor coverage if you use helpers.

my helper's mistake cost me 5k deductible.

how you handle that?

made him pay half, lesson learned.

insurance companies are sharks.

bundled home and business, saved a bit.

asked on r/smallbusiness, mixed advice.

umbrella is key for handymen.

client in the contractor fight group shared a horror story.

what was it?

ladder collapse, 50k payout.

proud i haven't had a claim in 8 years.

frustrated watching rates climb anyway.

i hear ya.

same boat.

we're getting squeezed.

helper slipped on a wet deck job.

hope insurance covered.

sharktank fittings? nah, stick to pros.

the corps and lawyers are killing us.

finally negotiated a group rate through a trade assoc.

what assoc?

local handyman guild, worth it.

insurance is non negotiable, bite the bullet.