When it comes to any home improvement project, one of the most important things you can do is choose a contractor who is fully licensed and insured. Many homeowners don’t realize the risks associated with hiring an unlicensed and/or uninsured contractor. Unfortunately, some contractors claim to be licensed and insured to be awarded the job. While such businesses usually offer lower prices, never assume a contractor is qualified to perform the work you want done. If a contractor is not licensed and insured, any problems or unexpected issues will likely place unexpected financial burdens on you, the homeowner.Unlicensed and/or uninsured contractors typically lack the qualifications required to perform the work properly which often results in substandard work quality and safety violations.Regardless of the size of your project, knowing that your contractor is both licensed and insured will not only ensure adherence to industry standards but will also give you the peace of mind of knowing that your home and family are protected.Why is Licensing and Insurance Important?All reputable home improvement companies, such as Honey Do Men, need to be fully licensed and insured. This is so that any unforeseen accidents, injuries, or damages that may occur during construction are covered.LicensingA licensed contractor has met the requirements set by the state to legally operate their business. Obtaining a license helps ensure that they are trained, experienced, and skilled to complete your project properly and safely.A contractor’s license is essentially the documentation that proves their qualifications as well as adherence to industry standards. In other words, it confirms that the business has proven competencies and has met and adhered to specific regulations and requirements.Because licensing requires specialized, in-depth training and knowledge, licensed contractors are familiar with all local building codes and regulations. This can reduce the risk of delays or work that doesn’t comply with code restrictions.When you hire a licensed contractor, you can be certain that he/she has a proven track record and has met industry requirements with competence and skill. This experience also ensures that they are equipped to handle any unexpected issues which should result in higher-quality workmanship, project management, and safety standards.When you hire a licensed contractor, you are investing in their experience and professionalism. You are also mitigating risk and ensuring the safety of your family, friends, and anyone who may be present at your residence.InsuranceIn addition to the license, the contractor’s insurance protects both their business and their customer from liabilities. There are two types of insurance to look for to ensure that you are protected from any financial liability:
Liability Insurance: Protects your property and family in the event the contractor causes damages or injury at any time throughout the job.
Workers’ Compensation Insurance: Ensures that any workers injured on the job will receive compensation for lost wages and medical care. If a contractor doesn’t have workers’ compensation coverage, it can mean that you, the homeowner, will be responsible for these expenses. This is particularly true if your homeowner’s policy won’t fully cover these situations.
BondingWhen a contractor is bonded, it means that they have a private bond issued by an insurer. If a contractor isn’t bonded, you may be responsible for any expenses the contractor has incurred and hasn’t paid. In other words, if the contractor doesn’t perform the work to the job’s specifications, you can petition to be reimbursed. In addition, bonding also covers other unpaid expenses such as permits or subcontractors.Don’t be afraid to ask for proof of coverage. By taking the time to verify credentials, you will have the peace of mind of knowing that you are working with a skilled professional who will deliver a high standard of workmanship.To ensure your contractor is licensed, insured, and bonded, always ask for a copy of the documents before signing off on any work. Keep all copies, including the contract and proof of payment. This way, in the event of a problem you’ll know you are protected from any liability.Honey Do Men is fully licensed, insured, and bonded. We carry a Workman’s Compensation Coverage Policy with the state of New York. Copies of our licenses and insurance policies can be provided to any client upon request. Our commitment to your home’s improvement means we employ best practices, maintain strict standards, and prioritize safety measures in everything we do. We are fully committed to adhering to industry standards and regulations and to providing every customer with the highest quality workmanship.
