What Does "Insured" Mean for a Contractor?

A contractor who is insured carries liability insurance — typically $1–$5 million in coverage. This protects you if the contractor accidentally damages your property or injures someone while working on your home.

What Does "Bonded" Mean for a Contractor?

A surety bond protects you if the contractor fails to complete the work or causes financial harm. It's a guarantee backed by an insurance company that the contractor will fulfill their obligations.

What Is WSIB — and Is It the Same as Insurance?

WSIB (Workplace Safety and Insurance Board) is a separate Ontario requirement. If a contractor's worker is injured on your property and the contractor doesn't have WSIB coverage, you as the homeowner could be held liable for the worker's wages and medical costs. Always verify WSIB clearance at wsib.ca.

Bonded vs Insured Contractor Ontario | What It Means

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