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Why Unlicensed Contractors Pose a Risk to Your Financial Security
California Electrical Contractors License, All Star Electric, Inc., view by clicking, Electical Contractor Lodi.
Did you know that an "unlicensed" contractor could cost you more money than a legitimate reputable licensed Contractor? Here is how....
- Risk #1: Unlicensed contractors don't have "proof" of specialty in which they are claiming expertise. Think you are getting a "better deal" by getting an "unlicensed" contractor? Think again...you could end up having to hire a licensed contractor to correct their work and paying for the job twice.
That is no deal. In California, anyone who contracts to perform work that is valued at $500 or more for materials and labor must hold a current, valid license from the Contractors License Board in the specialty for which he or she is contracting. This can be verified by calling the CSLB or by visiting their web site at: www.cslb.ca.gov
- Risk #2: Unlicensed contractors usually do not have bonding and workers compensation. How does this affect you? If an unlicensed contractor or one of his worker is injured working on your property and doesn't have insurance, then you may be responsible for injuries and rehabilitation through your homeowner's insurance policy. Are you still getting a "better deal" then if you would have hired a responsible licensed contractor from the beginning? In California, if a contractor has employees, worker's compensation insurance coverage is required by law and you can verify it by visiting the CSLB's web site.
- Risk #3: Unlicensed contractors usually do not carry liability insurance. If a contractor damages your property and doesn't carry general liability insurance, you or your insurance policy could end up paying for damages.
Home improvement contractors must tell you whether or not carry general liability insurance and that it will protect against third-party bodily injury and property damage. If uninsured, they should be able to explain how they would cover losses that would ordinarily be covered by insurance.
If a contractor is insured against claims covering worker's compensation, property damage, and personal liability in case of accidents, ask to see a copy of the certificates of insurance, or ask for the name of the contractor's insurance carrier and agency to verify that the contractor has the insurance.
A responsible and informed consumer can work more effectively with reputable contractors, and can avoid being victimized by unscrupulous or unlicensed operators.
Don't forget the old adage, "if the offer sounds too good to be true, it probably is"
Click Here to check a California Contractors License
Our California Elecrical Contractors license is below.
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* * * Business Information * * *ALL STAR ELECTRIC INC
P O BOX 2627
LODI, CA 95241
Business Phone Number: (209) 333-0113
Entity: Corporation
Issue Date: 10/12/2006 Expire Date: 10/31/2008
* * * License Status * * *This license is current and active. All information below should be reviewed.
* * * Classifications * * *
* * * Bonding Information * * *
CONTRACTOR'S BOND: This license filed Contractor's Bond number 6072925 in the amount of $12,500 with the bonding company
SURETY COMPANY OF THE PACIFIC.
Effective Date: 01/01/2007
Contractor's Bonding History
BOND OF QUALIFYING INDIVIDUAL(1): The Responsible Managing Officer (RMO) CORY FRANKLIN MC CLURG certified that he/she owns 10 percent or more of the voting stock/equity of the corporation. A bond of qualifying individual is not required.
Effective Date: 10/12/2006
* * * Workers Compensation Information * * *
This license has workers compensation insurance with the
ENDURANCE REINSURANCE CORPORATION OF AMERICA (4930-4)
Policy Number: WEN001543301 Effective Date: 02/08/2007 Expire Date: 01/08/2008
Workers Compensation History
Personnel listed on this license (current or disassociated) are listed on other licenses.
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