What does a contractors bond cover?

What does a contractors bond cover?

What is a contractor's bond? Bonding protects the consumer if the contractor fails to complete a job, doesn't pay for permits, or fails to meet other financial obligations, such as paying for supplies or subcontractors or covering damage that workers cause to your property.

When can you go after a contractor’s bond?

If a contractor fails to uphold the terms set by the project owner and stated in the surety contract — such as failing to pay subcontractors/suppliers, missing the project completion deadline, exceeding the agreed-upon budget for the project or completing the project with structural flaws or other problems — a claim …

How do contractors bonds work?

Construction bonds, also known as contract bonds, represent a type of surety bond. They provide a financial guarantee that the bills on a construction project will be paid. The issuing insurance company or bank guarantees the project's completion by a specific contractor.

Can you sue L&I?

The L&I system replaces your ability to sue your employer for his negligence. It doesn't matter that it's your employer's fault – you cannot sue him for an on the job injury.

How do I report a bad contractor in Washington state?

Report a fraudulent or unregistered contractor online, or call the Report-a-Fraud line at 1-888-811-5974.

How do I file a complaint against a contractor in Washington state?

Consumers can file reports with local police or sheriff departments. But if it has to do with a construction contractor or tradesperson, they should also file a complaint with the Washington State Department of Labor &Industries. It's easy to report at www.lni.wa.gov/fraud or call 888-811-5974.