Are you a homeowner? Do you have foundation issues? You’re probably looking for a professional contractor to carry out the foundation repair. You may already have come up with criteria to use in the selection process.
This is all well and good. Having selection criteria will help you select the best suited contractor for the job. However, one factor many homeowners forget to include in their list of criteria for foundation repair contractors is workers’ compensation.
Why Workers’ Compensation is so important
It is vital to ensure that the contractor you hire has workers’ compensation insurance. This will:
- Protect your property
Worker’s compensation will protect your property in case the contractor’s workers damage it. You won’t have to seek compensation directly from the worker or the contractor. You will be paid for the damage through their insurance company. You are therefore more assured of getting compensation with insurance.
- Protect you
Foundation repair is a risky job. There is a high probability of injuries on the job site (which is your property). Did you know that you can be held liable for injuries that occur on your property? This is true even if the injuries were not a direct result of your actions or lack thereof.
Workers’ compensation ensures that the injured party is compensated fully for their injuries. It will take the burden off your shoulders and ensure that the insurance company caters for the injured workers’ medical bills, lost wages, and other expenses.
- Ensure better results
Contractors that are responsible enough to seek workers’ compensation are often more careful or responsible with their work. They are more likely to provide you with better results than contractors that don’t have this type of insurance.
Ask about Insurance
When you approach a contractor and are pleased with their proposal for foundation repair, inquire about their insurance status. They should have the following insurance at the very minimum:
- Personal liability
- Workers’ compensations
- Property damage
Be sure to confirm this with the insurance company. Don’t take the contractor’s word for it.
It is also important to inquire about subcontractors. If there will be subcontractors working on the site, they may not be covered by the insurance of the main contractor. Ask what the insurance covers and ensure that subcontractors are included. If not, the subcontractor ought to have their own insurance. Avoid any contractor without insurance.