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A contractor�s insurance protects you against the cost of both damages and lawsuits. If during the renovation project, some kind of damage occurs to your home, you (or your insurer) won�t have to pay for repairs. Also, if one of the contractor�s employees is injured working on your project, you won�t be liable.
A contractor?s insurance protects you against the cost of both damages and lawsuits. If during the renovation project, some kind of damage occurs to your home, you (or your insurer) won?t have to pay for repairs. Also, if one of the contractor?s employees is injured working on your project, you won?t be liable.
A surety bond assures that you?re protected if the contractor skips out and doesn?t finish the project or if he winds up doing sub-par, shoddy work. This bonding ensures that you won?t have to use your own cash or homeowner?s insurance to foot the bill in such cases.
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