How To Protect Yourself if Something Goes Wrong with Your Contracted Support

September 10, 2023      

Welcome back to our business insurance blog. In our previous business insurance blog post, we covered how to find a contractor with business insurance. As promised, this week we're going to discuss what to do if you discover negligence associated with a subcontractor supporting your business interests. In case something goes wrong with a project, there are two things you can do to protect yourself. First, get everything in writing before work begins. This should include a detailed description of the work to be done, as well as the cost and timeline for the project. Getting everything in writing will help to avoid misunderstandings later.

Second, only pay the contractor after the work is completed and you are satisfied with the results. Do not pay upfront or in installments. This will help to ensure that the contractor has an incentive to do a good job.

As a business owner, you're always looking for ways to save money. However, when hiring a contractor, it's important to consider the risks. Hiring an uninsured or under-insured contractor could cost you more in the long run if something goes wrong. Likewise, you are wise to consult with a trusted and independent business insurance team to build your customized insurance portfolio that renders you perfectly insured. The risks of having too little business insurance is self-evident. Having too much is wasteful. Most need a professional insurance agent to arrive at a perfectly suited coverage solution.

Our doors, ears, and hearts are always open in the best interest of protecting your business and your family. Contact us anytime.

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