Basement Finishing – The MOST Important Question
What is the central question just before employing a contractor for your basement finishing project?
Believe it or otherwise, the key question may also are the least asked: Do you carry Worker’s Compensation Insurance?
Why on earth would that be the key question?
If you engage a contractor to function in your home, you will be legally liable to buy medical bills and a day off if he gets hurt. It doesn’t matter if he could be licensed, unlicensed, a sole proprietor, an official of your corporation, a bum over the street, or possibly a millionaire – YOU are “the boss.”
Regardless of who your basement finishing contractor is, in the event you pay someone to function at home, you are an “employer” under workers’ compensation law.
As the party providing “employment,” you happen to be also responsible for providing compensation if someone is hurt at your residence.