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Avoiding Liability Nightmares with Contractor Insurance

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Avoiding Liability Nightmares with Contractor Insurance

Wed, 01/01/2014 - 10:53 -- siteadmin

Suppose you hire a contractor to replace the roof on your home or throughout your apartment complex. One of the roofers falls off the roof and breaks his leg, or a subcontractor hired to do some masonry work on the chimney drops a brick through your windshield.

If the contractor is injured on your property, you’re injured as a direct result of work being done, or your property is damaged, who should pay for it? Is the contractor insured? Is any of this covered by your homeowner’s insurance?

Welcome to your own liability nightmare.

These types of liability issues are all too common, especially when homeowners and property managers hire contractors who don’t have liability insurance. These contractors usually offer the cheapest prices, but if something goes wrong, uninsured contractors create expensive legal headaches.

One of the first questions you should ask a contractor when evaluating project bids is whether or not they’re insured. More than a financial or liability issue, it’s a safety issue.

How carefully are you screening your contractors? Are you really willing to allow someone into your home or property without fully protecting the families who live there? Is the money you might be saving upfront worth that risk? If something goes wrong, are you prepared to pay a lawyer to resolve liability issues?

When you hire a fully insured contractor like Dasan Building Group, you don’t have to worry about liability issues, you don’t have to worry about your family’s safety, and you don’t have to worry about what may or may not be covered by your homeowner’s insurance policy.

A contractor’s insurance policy will generally cover:

·         Any accident that causes bodily injury to someone in your family or damage to your property.

·         Workman’s compensation for injuries to the contractor’s employees.

·         Accidents that involve the contractor’s equipment. This is why you don’t lend your own equipment to a contractor, whether it’s an extension cord, a ladder, a drill or a hammer. A contractor may claim that the equipment is faulty and make you pay for the resulting damage.

Knowing that your contractor has insurance isn’t enough. Make sure you find out exactly what it covers. If it doesn’t cover subcontractors, ask for proof of their insurance as well.

Hiring an uninsured contractor just isn’t worth the potential liability nightmare that you may have to endure if something goes wrong. Protect your family and your property by hiring a contractor who is fully insured.