restoration Contractors - Liability Issues That Can work on You!

If you are the victim of an insured loss, such as a fire, flood, tornado or hurricane, you will likely have to hire a rehabilitation undertaker of a package deal to unblemished repairs on your home. However, here is an issue that most property owners never consider...until it's too late.

That issue is the liability guarnatee of the rehabilitation contractor. No matter if you are the owner of residential or market property, you could have major liability issues in the process of the restoration.

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Restoration contractors are customarily general contractors. That means that they conduct the work of sub-contractors. They may hire plumbers, framing crews, roofers, electricians, drywall crews, painters and other artisans to unblemished the work on your property. Many times, the rehabilitation undertaker of a package deal has a crew of workers on his payroll. But, there are some rehabilitation contractors that only act as construction managers.

There's nothing wrong with that arrangement if the job gets done on time and on budget.

You'll be entering into a ageement with the undertaker of a package deal you choose. In addition, you will be granting authority for your undertaker of a package deal to work on your premises, as well as his sub-contractors. Here is where you must take care to safe yourself.

In the pre-contract process of verifying your chosen contractor's credentials, you will have required the undertaker of a package deal to provide you with a current copy of his guarnatee certificate. Take a few minutes and phone the guarnatee firm and confirm that the coverage is in effect, and that the course dates are correct.

You must insist that the rehabilitation undertaker of a package deal carry general Liability, Completed Operations and Workers payment guarnatee (if he has employees). In addition, you must insist that each sub-contractor furnish the same guarnatee certificates. The only exception would be a undertaker of a package deal who worked alone and had no employees. That fellow would not need Workers payment insurance.

Another very prominent strategy is to insist that All the contractors place you on their guarnatee policies as an "Additional Named Insured." That way, if anyone were to happen in the course of repairs, such as a laborer injury or some other liability issue for which they are liable, Their guarnatee course would defend and indemnify on your behalf.

This one strategy could save you hundreds of thousands of dollars in a lawsuit award, and thousands in legal fees defending the suit.

Don't leave yourself vulnerable to liability and lawsuits. Use this strategy!

restoration Contractors - Liability Issues That Can work on You!

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