Types of Insurance Contractors Need
As a homeowner, commercial property owner, or property manager who is
undertaking a construction or restoration project, one of the most crucial
decisions you’ll make is which contractor to hire.
There are many variables to consider before you select a company, such as
cost estimates, the customer service track record, and references. But
possibly the most crucial question to ask when you interview prospective
contractors in the Billings area is, “What type of insurance do you have?”
If your contractor does not have adequate insurance, you could be held
liable for an unfortunate accident or mishap that occurs while your
property is under construction. Such a calamity could cost you tens of
thousands of dollars out of pocket. The state of Montana requires
contractors to possess a minimal amount of insurance. That doesn’t mean
you shouldn’t hire one who has more coverage for extra peace of mind!
What types of insurance should you expect your contractor to have?