Let’s break it down:
- Protection from Liability: A COI is your safety net. If an accident happens during the job, you don’t want to be on the hook for medical bills or legal fees. The contractor’s insurance should cover these, not your homeowner’s policy.
- Proof of Professionalism: Serious contractors carry insurance. It’s a sign they’re legitimate and committed to safe, responsible work. No COI often means no peace of mind.
- Property Protection: Your property is precious. If it’s damaged during the project, the contractor’s insurance should cover repairs. This is crucial for your financial protection.
- Worker’s Compensation: If the contractor or their employees get injured on your property, their insurance should handle their expenses. Otherwise, guess who might be responsible? Yep, you!
- Compliance with Laws: In many places, contractors are legally required to have certain types of insurance. Asking for a COI ensures they’re not cutting corners and are fully compliant.
In conclusion, asking for a certificate of insurance from your contractor isn’t just a formality – it’s a necessity. It’s about ensuring safety, professionalism, and protecting your finances.
Stay safe, stay informed, and stay insured.
Why We’re Different
You may think you want the cheapest insurance you can find, but realize you may not be getting everything you bargained for…
While most insurance products are similar in price and function, insurance providers are very different when it comes to structuring a policy that actually covers you.
There’s no such thing as a one-size-fits-all insurance policy when it comes to your business.
We’re your neighbors. We protect businesses and people we know and care about, and that means we always look for ways to protect you better, including carefully choosing the insurance companies we represent to be both affordable and responsive.
Contact us and let the professionals at our company help you forge the strongest shield possible to help you protect the things you are working hard to build.