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Mass Construction Show
Do I need an HIC - AMCM
Mar 5, 2024
Exploring the importance of HIC registration in contracting for owner-occupied dwellings. Understanding homeowner protection goals and HIC program criteria for contracting work types.
04:00
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Quick takeaways
- HIC registration is necessary for contractors dealing with one to four family owner-occupied dwellings, providing protection for homeowners in case of negligence.
- The HIC guarantee fund allows homeowners to access arbitration for mismanaged or abandoned projects, ensuring recovery beyond court-awarded amounts.
Deep dives
HIC Registration Requirement for One to Four Family Owner-Occupied Dwellings
Having an HIC registration is essential for contractors working with one to four family, owner-occupied dwellings. This requirement applies when entering contracts with homeowners of single-family, two-family, three-family, or four-family residences. Commercial projects or new house construction do not mandate an HIC registration. The HIC program offers homeowners protection in case of contractor negligence through access to a guarantee fund funded by registration fees.
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Listen to the best highlights from the podcasts you love and dive into the full episode