In a previous post, we evaluated some of the common factors your homeowners’ association should consider before settling on a contractor for hire. As there is a lot of liability and potential for exposure at stake, it’s important for your HOA to weigh its options beforehand. However, two components in particular deserve some additional attention as they are arguably the most important. In addition, don’t forget to secure your operation with a customized LA HOA Insurance program.
Employment background check.
We touched on this briefly in our last post, but it’s a major component to any successful contractor relationship. Every HOA should ensure that the people the contractor employs are trustworthy, reliable, and skilled. Even if your HOA is on a tight schedule and must move forward with the work as soon as possible, it’s worth asking the contractor what type of vetting processes they conduct for finding employees.
If your contractor employs workers who don’t possess the necessary skills needed for the job, you could run into additional risk in terms of susceptibility to accidents and injury. Have a conversation with your chosen contractor to ensure he or she hires qualified candidates and conducts the necessary training and maintenance courses that the job requires.
Contractors carry a bad reputation for unsatisfied clients. While this isn’t always the case, be sure your contractor has a complaint resolution policy in place. This will ensure the job gets done smoothly and amicably and prevents the need to go to court.
This agreement should have a detailed list of how the issue will be handled, the time frame allotted for resolution, and how discrepancies will be fixed.
About Scott Litman Insurance Agency
At Scott Litman Insurance Agency, we are dedicated to protecting HOAs like yours. We have a unique understanding of the industry and the common risk exposures that you face in your daily operations. In fact, we find that 90% of the policies we review are missing coverages that violate the Covenants, Conditions, and Restrictions (CC&R), exposing the board, HOA and management to lawsuits – which is why our comprehensive policies are tailored to meet your specific needs at competitive prices. For more information about our products, contact our experts today at (855) 999-4505, or fill out our online form.