Jeffrey Wade
When hiring a contractor, it is important to verify their insurance and registration status. Angie's List is a well-known platform for connecting with contractors, and it is crucial to understand the protection offered by the company and the contractors themselves. Angie's List contractors may be registered, bonded, and insured, but it is always recommended to conduct your own due diligence by checking with the provider and regulatory agencies. This ensures that you are protected in case of property damage, injuries, or financial losses due to shoddy work or failure to complete a project.
| Characteristics | Values |
|---|---|
| Registration requirements | Contractors usually need to prove insurance and pay a fee to register. |
| Insurance types | Liability insurance, worker's compensation insurance, builder's risk insurance, professional liability insurance |
| Insurance purpose | Protects the contractor's company, the project, and their clients against certain claims and incidents |
| Bonding | A bonded contractor has purchased a surety bond, which acts as an insurance policy against any issues with the contractor's work. |
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What You'll Learn
Angie's List contractors are required to prove insurance
When a company is added to Angi's List, it is strongly encouraged to check with the provider and regulatory agencies in the area for their most up-to-date information on registration, bonding, and insurance. While Angi's Trade Licensing Department routinely checks licensure accuracy and contacts providers with missing or outdated information, this may never be perfectly complete due to ever-changing licensing laws.
Angi's List contractors are required to prove insurance, which can be done by presenting a Certificate of Insurance. It is also recommended to call and ensure the policy is current and has sufficient coverage for the project. This is because insurance protects the contractor's company, the project they are working on, and their clients against certain claims and incidents.
There are several types of insurance that Angi's List contractors may have. The first is builder's risk insurance, which covers buildings under construction, equipment, and materials against damage or loss due to fire, theft, vandalism, weather, and other causes. The second is general liability insurance, which is the most common type of construction insurance and is required for most licensed contractors. It covers property damage or bodily injuries caused by the contractor or their employees. The third type is professional liability insurance, which covers contractors against negligence or incorrect professional advice that causes financial loss. Lastly, workers' compensation insurance protects contractors and homeowners from the costs of injuries or illnesses on the job. It also provides benefits to the contractor's family in the event of death.
In addition to insurance, bonding is also important for Angi's List contractors. A bond is like an insurance policy against acts from the contractor, such as leaving a job unfinished or failing to pay for supplies. It protects consumers by allowing them to put in a claim against the bond.
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Angie's List contractors have insurance against property damage and injuries
When hiring a contractor, there is always some risk involved. Angie's List contractors can be insured, bonded, or both, providing protection to the consumer and the contractor.
Angie's List is a home services company that promises "top-rated pros" will work on your project. However, one real estate agent who used the company to find a registered contractor claimed that the workers they hired were neither licensed nor insured. This resulted in a botched job, with the agent having to spend additional money to rectify the issues caused.
To avoid such situations, Angie's List has a "Happiness Guarantee" that covers up to $50,000 in damages in some cases. Additionally, contractors on Angie's List can indicate on their profiles if they are registered, bonded, and insured. It is important to verify this information with the provider and regulatory agencies in your area, as this data is self-reported.
Angie's List contractors may have insurance against property damage and injuries. General liability insurance, for example, covers property damage or bodily injury caused by the contractor or their employees. This type of insurance is the most common type of construction insurance and is required for most licensed contractors. It is important to note that liability insurance typically does not pay for repairing or replacing bad work; that is where bonds come into play.
Another type of insurance that Angie's List contractors may have is workers' compensation insurance. This type of insurance covers the contractor's employees if they are injured on your property. For example, if a contractor is redoing your roof and one of their employees falls off, their workers' compensation insurance will cover the injuries, instead of it falling under your homeowner's insurance.
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Angie's List contractors have workers' compensation insurance
When it comes to home improvement projects, hiring a contractor always involves some risk. Angie's List, a well-known home services company, recognises this and strives to provide "top-rated pros" for your projects. However, as evident in a news story by KIRO 7, there have been instances where customers have had negative experiences with contractors from Angi, resulting in botched jobs and financial losses.
To address this, Angi offers a "Happiness Guarantee," covering up to $50,000 in damages in certain situations. Nonetheless, it's essential to understand the insurance protections provided by contractors. Angie's List contractors have the option to indicate on their profiles whether they are registered, bonded, and insured. While this information is self-reported, it is crucial to verify it independently.
Workers' compensation insurance is one of the critical types of insurance that Angies List contractors may have. This insurance coverage protects both contractors and homeowners from bearing the financial burden of injuries or illnesses that occur during the project. It provides payments to injured workers, covering lost wages and medical services, regardless of who was at fault. Additionally, it offers benefits to the contractor's family in the unfortunate event of death.
By having workers' compensation insurance, Angies List contractors ensure that their employees are protected if they are hurt while working on your property. For example, if a contractor is redoing your roof and one of their workers falls, their injuries will be covered by the workers' compensation insurance instead of your homeowner's insurance. This safeguard is essential for your financial protection and peace of mind.
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Angie's List contractors are bonded
When planning a home improvement project and hiring a contractor, there is always some risk involved. Angie's List contractors can be bonded, insured, or both. A bonded contractor has purchased a surety bond, which acts as an insurance policy against potential issues with the contractor's work. For instance, if a contractor leaves a job unfinished or fails to pay for supplies, the consumer is protected and can file a claim against the bond. This is particularly important for high-cost home improvement projects.
Construction bonds are a third-party guarantee that the contractor will complete the work outlined in the contract. If the contractor fails to do so, the surety that issued the bond will protect the company from financial losses. Bonds are intended to protect the interests of the client. However, sureties may also try to minimize costs, potentially resulting in lower-quality work or compromises in overall job quality.
On the other hand, insured contractors have active commercial insurance policies through a third-party insurer. This protects the contractor's company, the project, and their clients against certain claims and incidents. There are several types of insurance that contractors may hold, including:
- Builder's risk insurance: This covers buildings under construction, equipment, and materials against damage or loss due to fire, theft, vandalism, weather, and other causes.
- General liability insurance: This covers property damage or bodily injury caused by the contractor or their employees. It also covers damage to property outside the project scope.
- Professional liability insurance: This covers contractors against negligence or incorrect professional advice resulting in financial loss.
- Workers' compensation insurance: This protects contractors and homeowners from the costs of injury or illness on the job. It provides payments for lost wages and medical services, regardless of who is at fault. It also provides benefits to the contractor's family in the event of death.
While bonding and insurance serve different purposes, both are important for protecting yourself and your home when hiring a contractor. It may take additional time and cost more to find a contractor with both bonding and insurance, but it provides financial protection if things go wrong.
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Angie's List contractors have professional liability insurance
When hiring a contractor, it is important to ensure that they are insured and bonded to protect yourself and your property. While Angie's List does not explicitly state that all its contractors are insured, they do provide a platform for professionals to indicate whether they are registered, bonded, and insured. This information is self-reported, so it is always a good idea to verify with the contractor directly and request to see their Certificate of Insurance to ensure their policy is current and provides adequate coverage for your specific project.
Angie's List contractors who are insured will typically hold one or more types of contractor insurance. The most common type is general liability insurance, which covers property damage or bodily injuries caused by the contractor or their employees. This type of insurance is particularly important for homeowners as it provides financial protection if something goes wrong during the project. For example, if a contractor accidentally damages your property outside the scope of the project, such as running into your mailbox while mowing the lawn, their general liability insurance should cover the cost of repairs.
Another important type of insurance that Angie's List contractors may have is professional liability insurance, also known as errors and omissions (E&O) insurance. This type of insurance covers contractors against claims of negligence or incorrect professional advice that results in financial loss for the client. For example, if a contractor provides inaccurate advice that leads to costly mistakes, their professional liability insurance should cover the financial losses incurred by the client.
In addition to liability insurance, Angie's List contractors may also have workers' compensation insurance, which is crucial for protecting both the contractor and the homeowner. This type of insurance covers the costs of injuries or illnesses sustained by the contractor's employees while on the job, ensuring that any medical expenses or lost wages are covered without impacting the homeowner's insurance policy.
By verifying that Angie's List contractors have the appropriate insurance, such as general liability, professional liability, and workers' compensation, you can have peace of mind knowing that you are protected in the event of property damage, injuries, or financial losses associated with the contracted work.
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Frequently asked questions
Not all Angie's List contractors are insured. However, professionals can indicate on their profiles if they are insured. Angie's List recommends that you check with the provider and regulatory agencies in your area for their most up-to-date information.
Contractors may have one or more of the following types of insurance: Builder's risk insurance, general liability insurance, professional liability insurance, and workers' compensation insurance.
Liability insurance covers property damage and injuries caused by the contractor's work.
Workers' compensation insurance provides payments to injured workers for lost wages and medical services. It also provides benefits to the contractor's family in the event of death.
