Just Ask Vozz - Should You Always Hire A Bonded Licensed Electrician?

There are several types of "bonds" that an electrician may acquire:

1 - THE BID BOND: A Bid Bond is issued as part of the bidding process by the electrician to the property owner. This type of bond assures and guarantees that should the bidder be successful, the electrician will execute the contract and provide the required surety bonds. "Surety" in this case refers to the electrical contractor doing the work.

2 - THE PERFORMANCE BOND: A performance bond is issued by an insurance company or a bank and guarantees satisfactory completion of the project by the electrician.

3 - PAYMENT BOND - A payment bond is what can guarantee the owner that the electrician will be paid any money that they are due from a "principal." So, if the electrical contractor is hired by someone else, and then they do work on your property, the owner (you) can benefit from a payment bond because the electrician and suppliers are guaranteed payment and will continue performance.

To sum up, if the electrician is "bonded," then you can be assured that the job will be done professionally and finished to your complete satisfaction. The licensed electricians reputation, and license, are on the line, they want to do a good job, and get good reviews.

One thing that most people don't know is that these bonding companies (usually insurance companies or banks) charge for the bond. Some of the smaller electrical contractors will likely try to charge this back to the customer, whether they know it or not.

The bond also guarantees the work of the electrical contractor for as long as that person is living. Therefore, when hiring a bonded electrician, make sure you get the name of the bonding company and details in case you need it for future reference or claims.

Also, the bonding company keeps a good record of service for the electrical contractors registered with them. It is always a good idea to check references through the bonding company, and see if there have been any complaints registered against the electrician.

The key thing to remember when trying to chose between a bonded or not bonded electrical contractor is this: A non bonded licensed electrician may always be able to do the same work as a bonded one. The bond assures the work under most circumstances, because it's an outside party providing the coverage. Ultimately it is up to you to determine which option you go with. The one thing that is recommended for certain, is to make sure the electrician you hire is licensed in that particular state, and knows all the electrical codes for the area. But that is another article!

by: Don Carter

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