Why Contractor Insurance Matters: Protecting Homeowners and Contractors Alike

traverserenovation
Sep 24
2 min read

When you hire a contractor to work on your home, you’re not just trusting them with a project — you’re trusting them with your property, your investment, and your peace of mind. One of the most important (but often overlooked) questions to ask is: “Do you have insurance?”

At Traverse Renovations LLC, we believe contractor insurance is non-negotiable. It protects homeowners, workers, and the contractor themselves. Here’s why it matters so much.

What Contractor Insurance Covers

Contractor insurance usually comes in two main forms:

General Liability Insurance: Protects homeowners in case of property damage or accidents caused during the project. For example, if a ladder tips over and breaks a window, liability insurance covers the repair.
Workers’ Compensation Insurance: Covers medical costs and lost wages if a worker gets injured on the job. Without this coverage, homeowners could be held financially responsible in some cases.

Together, these two policies provide the safety net that keeps projects stress-free for everyone involved.

Why It Matters for Homeowners

Some homeowners assume insurance only benefits the contractor — but that’s not the case. If a contractor doesn’t carry proper insurance, you could be left holding the bag.

Property protection: If damage happens to your home during construction, liability insurance ensures repairs are covered.
Financial protection: Without insurance, a lawsuit or injury claim could land in your lap, costing thousands.
Peace of mind: You know your project is backed by safety nets instead of risks.

When you hire an insured contractor like Traverse Renovations LLC, you’re protecting your family and your investment.

Why It Matters for Contractors

Insurance isn’t just about homeowners — it protects contractors, too. For professionals like us, it:

Demonstrates credibility and professionalism.
Shields our business from unexpected financial losses.
Builds trust with clients who want assurance they’re hiring responsibly.

In short, it’s not just protection — it’s part of doing business the right way.

Spotting Red Flags

If a contractor hesitates when you ask about insurance or avoids providing documentation, that’s a red flag. Professional contractors should gladly share proof of coverage. Remember, “licensed and insured” isn’t just a slogan — it’s a standard.

Final Thoughts

Hiring a contractor with proper insurance isn’t optional — it’s essential. It protects your property, your wallet, and your peace of mind while ensuring the contractor operates professionally and responsibly.

At Traverse Renovations LLC, we’re proud to be fully licensed and insured. We carry both liability and workers’ compensation coverage because we believe in doing things the right way. When you choose us, you can rest easy knowing your project — and your home — are protected from start to finish.