There are some things that Hartzell’s Heat & Air can control, like giving you the best services; and there are some things that can’t be controlled. In those toughest of highly unlikely worst-case scenarios, you are going to thank yourself for hiring an insured and bonded contractor.
A contractor’s bond and insurance are important forms of protection for you. It makes sense to always hire an insured contractor in case something goes wrong. Some companies advertise themselves as being bonded, insured or both, but to the average consumer, it’snot always clear what that means. When a contractor is bonded, this means he has purchased a surety bond. This is a type of insurance policy that protects you, the property owner. If a contractor is bonded, it means that you are financially protected if the contractor doesn't complete a job for you or if the job is poorly done. Bonding protects the consumer if the contractor fails to complete a job, doesn’t pay for permits or fails to meet other financial obligations,such as paying for supplies or subcontractors. Covering damage that workers cause to your property is also included. A surety bond guarantees that the business would have access to a certain amount of money in case the customer files a claim, so if a contractor accidentally breaks a window, the homeowner could file a claim against the contractor’s bonding company in order to be reimbursed.
There are two common types of contractors Insurance: liability insurance and workers' compensation. Liability insurance covers such situations as contractor-caused damage to your property.Workers' compensation provides payment to injured workers for lost wages and medical services regardless of who was at fault. Workers’ compensation coverage will also provide benefits to the contractor's family in the event of a work-related death. We protect you and your business with up to $2 million in liability insurance. We also carry workers compensation. Ideally, the consumer wants the contractor to have both.
The Main Difference
The main difference between liability insurance and surety bonds is which party gets financially restored.Surety bonds protect the financial interests of the consumer whereas general liability bonds protect the company from having to pay a lawsuit out of pocket. Insurance protects the business itself from losses, and the bonds protect the person who works with the company.
In many states or localities, if a contractor is not trade-licensed, he or she may not be able to be insured or bonded. This could cause the building inspector to halt work on a project if it’s being done by improperly licensed contractors. Making sure you hire an appropriately licensed, insured and bonded contractor all adds up to helping ensure that you and your interests are protected, which gives you more assurance that you’re working with reliable, reputable professionals. Making sure a company is appropriately insured is equally important to ensuring that you will be satisfied with your project in the long run. Dave Hartzell and his team provide residential and commercial services. These will include both heating and cooling services throughout Kingfisher, Blaine, Major, Canadian,Garfield and Logan county. The company also has all insurances, bonds and contracting licenses to operate for these areas. This is all backed by our exclusive, risk free, 6-month labor guarantee.
Get the Great Results You Need
You get what you pay for, people say. Don’t get stuck with poor work, headaches, lost time or damaged property.We never think something bad can happen until it does. If and when it does,these bonds, insurance and licenses are the damage control institutions put in place to protect your interests. Hartzell is on the top of the heap,providing all this and more.