Friday, September 16, 2011

Contractors Bond

When our AC suddenly quit working, we are not worried with the cost because we know that we got a professional contractor. He was actually recommended by our Home Insurance Company. The contractors that are on their list are bonded so; when they respond to a job, it is guaranteed of completion. If something wrong within 30 days, they will fix it at no extra cost.

Hiring a bonded contractor from a small project to a mega project will benefit the client who hired them. It gives the owner the security and assurance that the job will proceed as described in the agreements or contracts. If ever the contractor cannot complete the project and is already bankrupt, a performance bond will compensate the client for whatever loses.

If you do not know these facts, you can file a claim against a contractors bond at which is the contractor's state license board. If you are a contractor, check out this link for more information about contractors bond In the event of a claim, a consumer is protected to $12,500 which is the amount of the bond. If you are looking for a company that provides a bond, check out California contractors license bond and Schaedler Insurance. Visit the Website to know more about contractors bond.

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