Anyone who does work at your home or on your property should be properly insured—whether it’s a contractor, a painter, landscaper, or pool cleaner.
For example, let’s say you hire a landscaping company to trim your trees. While on the job in your backyard, one of the workers falls off a ladder and breaks her leg. If the landscaping company doesn’t have proper insurance, you could be financially liable for the injury because it happened on your property.
If the company has appropriate insurance, then the company is responsible. See how important it is?
As the number of people you hire to service your home, property, or help with everyday tasks grows, so does the burden of verifying all those people and companies have appropriate insurance and bonds.
A company's insurance is essential, but many companies that perform work on your property should also be bonded. Why? Well, while insurance protects you if an employee gets injured on your property, a bond protects you if the company doesn’t do the job properly, doesn’t finish the job, or if one of the employees damages your property.
Companies purchase bonds through a surety company and pay premiums to keep them current. If a company walks off the job without delivering the finished product, you can make a claim for compensation against them with the surety company.
In many jurisdictions, companies must be bonded to get a license. A bond also offers you protection if
the company doesn’t pay subcontractors,
the company doesn’t pay suppliers,
tools and/or material go missing or get stolen from your property.
CareOne Connected validates all our partners carry the appropriate insurance and bonds so you don't have to. We have all documents on file and can provide them to you at any time.
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