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Be Careful When Hiring a Contractor

April 24th, 2014 Posted in Lifestyle

Spring is a great time to work on those projects you could not get to during winter. Whether your home improvement projects are large or small, it is important to know what to look for when hiring a reliable contractor. If a contractor does not have the proper licenses or insurance coverage, it could cost you in the end. Below are some tips to help you complete your project successfully.

1. Make a list of potential contractors and interview them prior to signing a contract.

Some questions to ask are:

  • Is the company state-licensed and registered?
  • What types of permits are required for the project?
  • How many projects similar to this one have you completed?
  • Will you be using a subcontractor?
  • How long will the project take?
  • Will you be working on my project full-time?

2. Requesting Bids

Obtain a written bid from at least three prospective contractors. Make sure the bid includes materials, labor rates and a time frame to complete the job.

3. Checking References

It is smart to check at least three references provided by the contractors. Ask the references if they were pleased with the work done, and if they came across any issues. Also ask if the job was completed on time and within budget.

4. Licensing and Insurance

Prior to hiring a contractor, ask to see a current, valid contractor’s license (if they are required in your state) and proof of insurance. It is important that a contractor has the following coverage:

  • Worker’s compensation – Provides coverage to workers for job-related injuries and is required in most states.
  • General Liability – This coverage helps protect negligent acts or omissions resulting in property damage or bodily injury to the contractor’s employees or hired subcontractors.

Remember! It is critical that your contractor have the appropriate insurance when working on a project. If they do not carry the proper insurance, you are ultimately liable because the work is being done on your property.

If you are planning on a home improvement project and want to make sure that you and your contractor have proper coverage, PRIMESolutions Advisors can point you in the right direction.

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