Insurance Insights: What Contractors Should Have, and What Homeowners Should Check

[Yankee]

Home improvement warriors, I need your expertise! Insurance can be a maze. What types of insurance should a contractor have, and as a homeowner, what should I be checking for to ensure a smooth and secure project?

[jhoannabuenafe]

Hey fellow home improvers! 🏡 Dealing with insurance can indeed feel like navigating a maze, but it's essential for both contractors and homeowners to have the right coverage. As a contractor, key insurances include general liability insurance to protect against property damage or injuries, worker's compensation to cover employees' medical expenses and lost wages, and contractor's tools and equipment insurance. For homeowners, it's crucial to check that your contractor has these insurances in place before starting a project to safeguard against any potential liabilities or mishaps. Additionally, homeowners might want to consider obtaining builder's risk insurance to cover any damages that may occur during construction. With the proper insurance coverage in play, you can ensure a smoother and more secure home improvement project for everyone involved! 💼🔨🛡️

[moniquelouise2018]

Certainly! Contractors need comprehensive liability insurance for protection during projects. Homeowners should check for proper contractor insurance, including workers' compensation. It's all about peace of mind! 🏗️🛡️🏡