Whenever
a company offers its services, it’s generally quick to note that it’s bonded,
licensed, and insured (when it applies and if they are) but I was never certain
what that actually meant. Until now, all
I knew is that you should only hire someone if they’re bonded, licensed (if
applicable) and insured. Often times
someone who isn’t will be cheaper, but you will have to accept all of the
responsibility if something bad happens and, as Murphy’s Law clearly states –
if something bad can happen, it will.
What Does Bonded Mean?
Being
bonded means that a bonding company has secured money that is available to the
consumer in the event they file a claim against the company. The secured money is in the control of the
state, a bond, and not under the control of the company. Let’s say that you hire a cleaning company and
they end up stealing your DVD Player. Well, you would file a claim against the
company and, after an investigation, would be paid out by this bond.
Why Is It Important To Have A License?
For
certain professions, a license is necessary to show that you’re competent and
permitted to conduct business in the city, municipality, or state in which the
license was issued. For example, home improvement contractors will have to be
licensed to perform certain types of work and that license number will be
printed on every advertisement they print. You can take that license number and
look up their performance history in most states through the Better Business
Bureau.
How About Insurance
This is probably the most commonly understood of
the three (second to being licensed) and this refers to what happens if someone
gets hurt on the job. Let’s say a
company is fixing your roof and a roofer falls off and hurts him or herself. If the company isn’t insured, then the claim
gets filed against your homeowner’s insurance (bad). If the company is insured, then the claim gets
filed against the roofing company’s insurance.
Here
Is What You Should Learn From This…
It is extremely important that anyone you work
with is fully licensed, bonded, and insured. There’s no reason why you should
have to work with someone who isn’t all three.
FYI – ASAP Transport Solutions is a Car Shipping
Company that is Fully Bonded, Licensed and Insured to haul vehicles anywhere in
the USA and Canada. They can also help
arrange international transportation if needed as well.
"Once you ship a car with ASAP once, you'll never use anyone else again."
Call Us At: 1-800-757-1178
15621 W. 87th St. Pkwy. Suite #107
