Any home project job site can become a place of danger that can harm you, the contractor, or any other people working onsite. Here are four reasons why you should only hire insured contractors.
Damage liabilities. When job-related damages arise, uninsured contractors may not be able to foot the bill. This leaves you with the double headache of solving the underlying problem and seeking to collect from a contractor or other responsible party. Working with an insured contractor ensures that there will be an insurance company that is able to cover the damage up to the limits of the policy, giving you peace of mind.
Contractor responsibility. When evaluating contractors, it is difficult to make a true determination of a contractor’s level of responsiveness and responsibility toward clients and their obligations. While a person can rely on online reviews, a contractor who is licensed and insured demonstrates that the person and his or her employees take their obligations seriously.
Property value. Working with an uninsured contractor may impact the value of your property. If the work was not up to code, you will have to disclose that information to potential buyers.
Correcting errors. Sometimes, even the most well-meaning contractors can make mistakes that end up costing you down the line. An insured contractor will be more likely to fix their mistake or at least have the funds to enable you to fix it.
If you have an upcoming home project, call us so we can walk you through the types of insurance contractors should have to make sure you are protected.