Reduce Your Risk by Hiring a Properly Insured Subcontractor

It can be tempting to go with the cheapest bid when choosing a subcontractor for your projects. Yet often companies that skimp on quality and safety in an attempt to save time and money end up paying more in the long haul. 

When you ask the right questions of your potential subcontractors, you gain peace of mind and a job well done, greatly reducing your risk and increasing your value.

Do they have the right types of insurance? 

Typically subcontractors need to provide general liability insurance, workers’ compensation (enough to cover their entire team), and at least minimal auto insurance. Maintaining the right combination of these three policies significantly reduces the financial and reputational risk for both subcontractors and contractors alike. 

Aside from bodily injury coverage, it is vital to have insurance protection for property – both rented as well as company property. When the subcontractor lacks adequate coverage for hazards on the job, the contractor is often held liable for any accidents that occur. 

Ask if the company has written policies and plans in place. Adding the general contractor’s name to the subcontractor’s policy (as an additional insured) creates another layer of security.

Why take the risk with a subcontractor who is not properly insured?

Have they established ongoing safety measures with adequate training?

What kind of safety training does the company mandate for its employees? Many on-the-job injuries can be avoided by taking proper precautions and implementing standard safety procedures. This is not just a one-time overview, but a value that must be monitored for ongoing, long-term success for everyone involved.

While not every situation involves major injury or damage, even minor incidents can result in a high cost to the company who is inadequately trained or poorly insured. Replacing damaged property and materials can be expensive. 

When you choose to hire a subcontractor with meticulous safety practices along with optimal insurance coverage, you are much more likely to achieve your desired result. 

What is the history of the company in regards to Workers’ Comp Claims?

Current trends show construction companies are at higher risk nationwide for workers’ comp claims. When you take into consideration a subcontractor’s bid, look into their history as well. Do they have a good reputation when it comes to the risk factors involved? Do they operate in a manner worthy of your company’s standards? 

At Waldron Carpentry we not only comply with OSHA standards, but we go above and beyond with ongoing safety training for our entire crew. We partner these procedures with the use of the highest quality equipment in order to meet your specifications and exceed your expectations. 

By promoting excellent safety practices as well as providing the right insurance, you can trust that your project is in good hands. When you choose Waldron Carpentry as your carpentry subcontractor, you choose quality, efficiency, and excellence in every area of our work. Contact us to learn more about our services and how we can provide you with the best in quality carpentry. 

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