When the economy is still working on recovering, it’s easy to come across contractors that are ‘too good to be true.’ If that’s your first thought when you come across a potential contractor for your outdoor renovation, it probably is. Instead, you should be looking for a contractor that is licensed, bonded, and insured. What do these terms mean to a home owner? Find out more.
Each state has it’s own licensing laws, but in general, contractors are required to have a license to to their work. Whether this is as a general contractor, electrician, plumber, etc. These licenses ensure that your contractors know the laws and codes relative to the work they are going to be performing.
A bond is essentially a pre-paid savings account with a bank or insurance company that sets money aside in the event a project is not completed according to the contract between the property owner and the contractor. This bond or agreement, binds the contractor to the contract with the property owner. If the work is not completed according to the contract the bond will cover any expenses (up to the bond amount) required to complete the job satisfactorily.
Contractors should hold general liability insurance in the event that they, or one of their employees, accidentally damage something at your home. They will also hold workers comp insurance in the event one of their employees is injured.
Working with contractors that fulfill all three of these requirements will not guarantee that your are protected, but will at least add another layer of protection to you and your Marietta, GA home.