Handyman Insurance – What is a Contractor, and what do they do?
A contractor is a person or company that provides services for a specific project or task, usually for a limited period of time. Individuals or organizations typically hire them for a particular job or service, such as construction, home renovation, landscaping, or IT support.
Contractors are usually self-employed and work on a project-by-project basis rather than full-time employment by a single company. They are responsible for their taxes, Insurance, and other business expenses and are paid a negotiated fee or hourly rate for their services.
Are Contractors Required to Have Insurance?
In many cases, yes, contractors are required to have Insurance. The specific types and amounts of necessary Insurance may vary depending on the type of work being performed, the location of the project, and other factors.
For example, contractors working on construction sites may be required to have liability insurance to protect against accidents or injuries that may occur on the job. In contrast, contractors working on home renovation projects may be required to have property damage insurance to cover any damage that may occur to the homeowner’s property during the project. It’s always a good idea to check with your local authorities and contractor to determine what types of Insurance are required for your specific project.