Running any business for over 40 years is challenging, and a painting business is no exception. As with any legal, professional business, a painting company has a fair amount of expenses. These expenses include having the proper insurance coverages for both liability and worker’s compensation.
A contractor that operates a business without insurance is trying to save money. And if they don’t pay for insurance they can charge less for their work, and may be able to win price-competitive bids. Be aware of that when you get estimates for services for your home. The estimates may not truly reflect comparable services or protection. Make sure that you know what you are getting when you hire a contractor.
We’re currently scheduling interior painting projects for this winter. Please contact us now to arrange for an estimate and get on our project schedule.
Two years ago I was in a car accident. It was clearly the other driver’s fault, and she took full responsibility. However, I soon learned that she did not have insurance. So, in many ways this is similar to a homeowner who hires a contractor without insurance.
Since she had no insurance, I was responsible for the repairs for my car. Nobody was injured, but if there were any medical bills, I would have been responsible for them as well. Fortunately, my “uninsured motorist” coverage took care of my damages, which added up quickly. Your homeowner’s insurance may not be as helpful as your uninsured motorist insurance if an accident occurs. Understand that it may not be exactly the same, and either way, you are responsible for damages or injuries.
You may be able to recover some of the costs through the court system, but how long is that road? Winning a judgement might be easy, but getting any money back is another matter. A driver without insurance probably doesn’t have any money, and a contractor without insurance will probably go out of business and file for bankruptcy.