Austin, TX 78701 (512) 501-0548

Want to Make Sure Your Property Is Safe Against Damage?

Want to Make Sure Your Property Is Safe Against Damage?  

What is a bonded and insured electrician?



What is a bonded and

insured electrician

?


A bond is an insurance plan that an electrician or any contractor will pay a premium for. It basically guarantees a contractor will meet their obligations in a safe and satisfactory manner. Failure to do this will mean a payment of compensation will be made by the bonding company. There are 3 kinds of bonds, which are a bid, payment and performance bond.



Being bonded is having an insurance policy in place which will ensure a job will be completed and done correctly. Bigger commercial and every government job will require every contractor and sub-contractor they use is licensed, insured, and bonded. Should you be fortunate enough to find a bonded and

insured electrician

, you stand a better chance of the job being done correctly.



One of the problems they face is the cost of jobs, the charges that a bonding company charges are often quite high, which means the contractor may pass this on to their customers. In point of fact, the quality of every reputable electrician’s work should be guaranteed until they die. So when you start having problems with faulty work that any bonded contractor did, try to get the name of the agent that put out the bond for this job.



Insurance is in place to cover against certain kinds of losses. For instance, if an electrician accidentally damages the electrical supply to nearby buildings, which causes lost work time, then their insurance would give some form of compensation. A bond does not cover this because the incident is not related to the completion of their job. Insurance is there to cover liability issues which could arise in the course of someone’s work, however, unlike a bond, it does not cover a job that was not performed to the

customer’s

satisfaction. If you are looking for an electrician in the Austin, TX area, please call Hurley's Electrical Services, Inc. today on (512) 501-0548.

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