WCB Coverage – It’s a Must…Sometimes Even as a Homeowner
It can be confusing at times to know when you need WCB coverage, especially as a homeowner. Even as a contractor, trying to figure out what you need to do to meet WCB regulations and requirements can be a bit like doing your taxes – a pain in the #!s. However, like taxes, you have to do it right, or you could end up in hot water, and with WCB, failure to have coverage when it is required can put you at a very high financial risk – or worse.
If you are required to register and don’t, you could be fined and charged the total compensation costs of an injury should one of your workers, or worker on your property be injured, plus retroactive insurance premiums. In some cases, if an injury is due to negligence on your part, you could face other fines and charges. These fines can get as high as $1,200,000 in severe cases (workers death due to negligence), and could include both fine and imprisonment – not something you want to mess with!
Does Your Contractor Have Insurance?
Never let a contractor do any work on your home, property or commercial space without proof of current and valid insurance. Even a small job can result in serious accidents and damage. If your contractor is not insured, you may be left holding the bag! For example, you may think little can go wrong when hiring a fencing contractor or landscaper, but what if they back into the corner of your home with a bobcat, or dig up a gas line when digging holes for fence posts, who pays for the damage or repairs.

