As a general contractor, do I need a contractors bond if I myself will sub it out to another contractor?

Question

As a general contractor, do I need a contractors bond if I myself will sub it out to another contractor?

Answer 1

What's to assure that the "sub" is going to complete the job? Is your sub properly licensed, insured and bonded?

Sure hope so - but YOU (as the general) are ultimately responsible.

Just find yourself a LOCAL independent agent to help you with your commercial insurance needs.

Answer 2

IN MOST STATES, FOR YOUR FINANCIAL SECURITY I WOULD STRONGLY ADVISE IT; IF YOUR SUB CONTRACTOR DOES NOT DO THE JOB YOU WILL BE HELD LIABLE TO FINISH OR REPAIR THE JOB AT YOUR EXPENSE.