Is your Window Installation company properly insured? Will you be liable for accidents?

Liability Insurance If your property is damaged or someone is hurt by (or because of) work being done by a contractor on your home, you, or your insurance company, may have to carry the expense of making things right. To protect their customers, all reputable businesses need to have adequate levels of liability insurance, as well as property liability on all their vehicles. Adequate is a key word. Don’t assume that just because a company says they have liability insurance, that they have enough for you to recover all potential damages. Companies who have an Umbrella Policy offer additional protection to a homeowner.

Workman’s Compensation Insurance Anyone who works on your home must be covered by Workman’s Compensation insurance, unless they are an owner of the business. If someone involved with your project is “working under the table” and they get hurt while on the job, they can sue you, as the owner of the property, to recover the costs related to their injury.

Ask The Right Questions To Protect Yourself Would you want to have a business relationship with someone who is uninsured or underinsured, especially when they are on your property? If a contractor working on your home doesn’t have all of these insurance policies and damage is done to your home or your neighbor’s home, you can be liable. Your homeowner’s policy excludes damage done by a contractor. Spend the time upfront to be sure that the company or individuals working on your home are properly insured. Any reputable company will be more than glad to give you verification of liability, vehicle property liability, and Workman’s Compensation. Don’t wait until you need it to find out the company doing work on your home doesn’t have enough, or any, insurance to cover that “unexpected” event that might occur. It isn’t worth the risk. Remember, while no one wants to pay for insurance, a homeowner needs to work with companies who are properly insured to protect themselves and their assets.