When looking to conduct home remodels, it is important that you choose a contractor who will not only produce beautiful work, but one that is insured and licensed as well. When it comes to contracting, there are a variety of liability risks you can be faced with. These include on-job accidents, products sold by the contractor, and contractual liability. In order to reduce your liability risks, you must work with a licensed and insured contractor. As a contractor, having these proper forms of protection will allow you to stand above the competition from a business perspective.
When choosing to work with a contractor, it is imperative that you make sure that they have contractor liability insurance. Without this vital form of insurance, you become the sole responsibility holder of all liability claims. For example, if one of the contract workers is injured due to a structural flaw of your home, you would be held liable for the medical expenses and could possibly be faced with a damaging lawsuit.
As a contractor looking to maximize profits, you may be inclined to pass up on the expense of an insurance policy. However, from a business perspective having the right insurance policies in place can prove to be extremely beneficial when it comes to landing jobs. When you are up front and provide your potential clients with proof of insurance, they are more inclined to sign the contract and finalize the deal.
Contact Scavone Insurance Center in White Plains for all of your New York insurance needs. If you are a contractor looking to maximize security for both yourself and your clients, allow us to provide you with the right contractor liability insurance policy. If you are a homeowner looking to conduct home remodeling, make sure that you are adequately protected!