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The Importance of Hiring a Properly Licensed and Insured Contractor

A multi-family residence requires a great deal of maintenance. There are constant issues that need to be addressed such as roofs, siding, sidewalk repair and unit upgrades. Plumbing and HVAC issues are part of life in a multi-family residence. You’ll also have to deal with problems like hail, heavy storms and wind damage. Who do you turn to when you need help with these problems?

IMG_2049It’s critical that you hire a properly licenses and insured contractor for your multi-family renovation. You may receive solicitations from a variety of contractors who will offer discounted services. You may have friends or family members who offer to help with your issues. These offers are tempting, but they are risky. What if someone falls and is injured? Accidents happen all the time on jobs like replacing roofing, construction and painting. You could be liable for these accidents if your contractor isn’t properly licensed and insured. You will have to deal with all the responsibility if an accident happens and end up in a lawsuit situation.

A licensed contractor has proven competent and is approved to do business in a city or state. Your contractor should be licensed to perform certain tasks. If you are thinking of hiring a licensed contractor, you’ll be able to check the company’s license with your local Better Business Bureau to see if the company has been the subject of complaints. A clean record with the Better Business Bureau doesn’t ensure that the company is competent, but it will give you some information.

What does it mean if a multi-family construction company is insured? This is probably one of the most critical concerns when it comes to hiring a contractor for your multi-family property. If an accident happens, the insurance coverage comes into play. For example, if a roofer falls and is injured, who will pay? If the company is properly insured, their insurance will cover the medical costs involved. However, if the contractor is not insured, you will be in a difficult situation. A claim will be filed against your business’ insurance. You’ll be liable for the deductible and any costs the insurance doesn’t cover. That’s why it’s so important to hire a licensed and bonded contractor. This will protect you significantly.