Des Moines Bonding Requirements Lawyers
Construction companies, like many businesses, must be bonded. Doing business with a bonded company protects you from any thefts or damages committed by the company or its employees. If a company is not bonded, and they cause damage or loss of property, you may have a hard time seeking reimbursement. Thus, it is imperative to check the bonding status of a construction company before you enter into a contract with them.
At LaMarca Law Group, P.C., we help those who need to do business with construction companies. Our Des Moines bonding requirements attorneys can find out the bonding status of a construction company, review your contracts with a company to ensure that they are bonded, and prosecute companies when they incorrectly claim to be bonded. To discuss your situation and find out more about how we can help you, contact our offices today at (877) 327-2600.
Bonding Requirements in Iowa
In Iowa, most construction companies must prove to the state that they are bonded. This is true even if the construction company is not based in Iowa. If a construction company is doing business in the state, they generally must be bonded. This is for the customer’s protection. Bonds are designed to compensate the customer when a company or its employees:
- Damage your property
- Provide a faulty product
- Commit crimes against your property such as theft
When a company is not bonded, or purports to be bonded but is actually not, it may be in violation of state law. In this case, aggrieved customers may initiate legal action against the offending company.
If you have suffered from property damage due to a negligent construction company, you may be eligible for financial compensation whether it has fulfilled its bonding requirements or not. The Des Moines bonding requirements lawyers can help you determine the bonding status of a company as well as their responsibilities to you. Contact LaMarca Law Group, P.C., today at (877) 327-2600 to learn more about your legal options.