They are covered from economic loss that may arise from the event of an injury or accident.
Since a licensed contractor has to adhere to the guidelines and rules, if they fail to follow these rules then you are entitled to file a complaint against the contractor. If you are unhappy with the contractor’s work, you may file a complaint to the licensing body. When licensing agencies grant an authorization to contractors and protects customers from fraud and substandard work. However, it is critical to understand that the agency that provides the license to the contractor should have certain standards in place. There is a chance that you will lose your insurance if they don’t define specific rules that contractors are required to meet.
Check if they’re insured
One of the most important queries roofing companies should ask that you’re trying to locate the most reliable roofer in your area is whether they’re insured. Make sure that the roofing company that you select is insured. If you select a roofing contractor with insurance, you’re not financially responsible in case of accidents or injuries that occur during their work on your roof. It is important to make certain that the company you select has both workers’ compensation and liability insurance. The contractor’s liability insurance will pay for medical care and any other expenses resulting from an accident that occurs on your property. If the contractor you hire has insurance that protects you in the event the property is damaged by property. Contractors who are insured should carry general liability insurance, which is a guarantee for any damage to your property, which could happen during the job. In some instances, property accidentally gets damaged regardless of how vigilant the contractor is throughout the course of work.
Contractors who have insurance safeguard themselves against being sued. Contractors who have been sued by others have insurance that covers their legal defense , as well as the possibility of damages.