Many people are looking for bonded contractors because they know that bonded companies are supposed to be more reliable than others, but without actually knowing what bonding is and how it works. Here are some things that you should know about the meaning of the term and the processes behind it.
Bonding practically means that a company, usually a provider of contract-based services, turns to a third party, called a bonding company, that will verify the service provider, then will promise to pay a penalty if the contractor does not fulfill their contractual obligations. Consequently, a bond is not to be confused or mistaken for an insurance policy and it will not pay for any damage sustained by the client’s property as the result of the bonded contractor’s work.
Besides bonding, the other important documents that reliable movers like Your Personal Mover have are the license and the insurance – before you hire a moving company, it is very important to check these two documents as well. Licenses are required in most states and issued to movers that fulfil specific conditions, while insurances offer clients the peace of mind that they will be compensated if their goods get damaged during the moving process and the damage is caused by the actions of the moving company.