You’ll probably interview and get quotes from multiple contractors for your dream pole barn or steel building. All you need to do is go with the cheapest option, right? Actually, if you don’t do your research, you could find yourself with major “buyer’s remorse” down the road. You don’t need to feel bad about asking for proof that a business is licensed, insured, and bonded. Any reputable contractor should have the paperwork readily available.
Below are three reasons why it’s very important for you to hire a licensed, insured, and bonded pole barn or steel building contractor.
An Unlicensed Pole Barn and Steel Building Contractor Doesn’t Have to Answer to Anyone
Having the appropriate construction license means that the contractor has paid their dues and gone through an arduous process to please a higher authority at the local and state level. If enough customers complain about a business to the state licensing board, they will have their license revoked. This gives a licensed pole barn or steel building contractor incentive to follow building codes, get permits, and produce quality work.
On the other hand, an unlicensed pole barn or steel building contractor could ignore building codes, forgo permits, and produce sub-par work with no repercussions. And this is not the contractor you want for your project.
An Uninsured Pole Barn and Steel Building Contractor May Not Pay for Damages or Worker Injury
Liability insurance is necessary to pay for damage to your property in the event of an incident. Workers’ compensation insurance is necessary to pay medical bills and lost wages for a worker who is injured on the job. If your pole barn or steel building contractor is uninsured, you could be on the hook to pay for your own property damage or to pay for a workers’ medical bills and lost wages.
An Unbonded Pole Barn and Steel Building Contractor Could Leave an Unfinished Project
Being “bonded” means a contractor has gone a step further than just getting liability insurance. It means they have gotten a surety bond from an insurance company. In the event that the project is halted because the company goes out of business, or they can’t find workers, the surety will pay to have someone come and finish the work. This also applies if the job is finished, but it was done incorrectly and needs to be re-done.
If these circumstances were to happen to you, and your contractor wasn’t bonded, you would have to pay out of pocket to have the project finished or re-done.
Paying Extra for a Legitimate Contractor is Always Worth It
As you can see, it’s just not worth it to hire a pole barn or steel building contractor who is less expensive if they aren’t licensed, insured, and bonded. The people who think “that could never happen to me” are the ones who end up paying for their preventable mistakes in the long run.
When you’ve done your homework and chosen the most qualified, licensed, insured, and bonded pole barn or steel building contractor, we’ll have your loan covered. At HFS Financial, it only takes 60 seconds to apply. For almost six decades we have been making it quick and easy to get all sorts of home improvement financing 100% up front. Call us at 1-800-254-9560 to learn more. At HFS Financial, “You Dream It, We Finance It!”