“If my contractor is injured on my property while working, his insurance will cover it.”
Contractors are trained professionals, but accidents can and do happen. Thirty-eight percent of homeowners in Ontario incorrectly believe that if a contractor is hurt on their property while working, they (the homeowner) will not be liable.
“If a contractor or their employees are injured on your property, you could be liable for their medical bills, lost wages, or damages for pain and suffering – all out of your own pocket,” says Dave Minor, a vice president at TD Insurance. “When choosing a builder, ask to see their public liability insurance certificate. The amount of insurance coverage they have would depend on the type of renovation, the number of employees, and cost of the renovation. The higher the limits of coverage, the more protection you would have.”
*Visit the TD Insurance Learning Centre for more information.