When you hire a contractor it is very important to make sure that they are insured and licensed. Sometimes it is easy to go for the cheapest option, but if something goes wrong and they are not insured and licensed it may cause you a lot of unnecessary headaches.

Usually insurance and license are connected. In order for a contractor to get a license, they need to have minimum coverage insurance. A contractor is completely liable for anything that may go wrong during the repair, and that includes any injuries, medical bills, and wages for their workers in case of an accident.

Whenever anything goes wrong the contractor’s insurance is responsible for anything that happens, but if the contractor does not have insurance and license then you may be liable for anything that happens during the repair. Unfortunately, your home insurance does not cover these kinds of events.

It is not worth saving a few dollars even if you know the contractor is good and does a good job. If you get to know someone that is a good contractor always suggest them to get insured and licensed. That way not only will the contractor be protected, but you will be protected too!

Globe Trotter Properties always hires insured and licensed contractors. We have a list of trusted contractors that have worked in the past with us and we keep hiring them because they work really well and their prices are reasonable. It is our job as a property management company to look after your property and make sure that there won’t be any liability issues for homeowners.

If you have any questions about contractors, don’t hesitate to contact Globe Trotter Properties! We are happy to assist you!

About the author: Lalo Medina is a licensed realtor in Virginia. He is currently a Training, Compliance, and Media Specialist at GTP.

Contact: lalo@globetrotterproperties.com