Contractors should carry two types of insurance: liability and worker’s compensation. Liability insurance will protect you if the contractor causes damage to your home. What if, say during an upstairs bathroom installation, your uninsured contractor was doing work that caused the bathtub to crash through the floor? If you think your homeowner’s policy would cover you, think again. It likely won’t.
And what if the contractor had an employee who was injured on your property but the contractor didn’t carry worker’s compensation insurance? Know the facts!
Make sure your contractor holds the appropriate licensing. Licensing offers proof that the contractor has met certain industry training standards and is allowed to do the work in your area. Hiring an unlicensed contractor could cost you big. Check with your local licensing authority and, if applicable, ask for a copy of the license!
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