Guaranty Fund – Consumer Protection

Sep 14, 2014Blog

Did you know that as long as you hire a licensed & insured contractor that properly pulls a building permit then you are covered up to $10,000 dollars?

The Guaranty Fund was created as a fund of last resort for consumers who have an unpaid final judgment against a contractor. The Guaranty Fund is funded by a one-time fee that contractors are required to pay at the time of registration.  

After a consumer is paid from the Guaranty Fund, the responsible registered contractor is obligated to reimburse the Fund with interest within 30 days. Failure to repay the Fund may result in administrative fines, revocation of the contractor’s registration, and in extreme cases, criminal prosecution.

At Beantown Home Improvements we are fully licensed, insured, and carry between 1-2 Million dollars of liability insurance.

Experience the Beantown difference.

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