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Complete Your HVAC Contractor Insurance Foundation with These 3 Policies

Trying to find the basic insurance policies you need to run your small business can be a bit like finding a needle in a haystack. Companies may try to sell you a thousand policies at once or focus entirely on one specific coverage but, there are very few basic insurance breakdowns out there. That’s why we decided to put together this list of HVAC contractor policies that you can use to establish a strong insurance foundation.

HVAC Contractor Insurance – The 3 Basic Policies Every HVAC Contractor Needs

1.       Contractors General Liability Insurance

General liability insurance is an essential asset for any small business owner (especially if you own a contracting business). In this industry there are more than a handful of ways for you to lose quite a large sum of money in a very short period of time. General liability insurance is designed to reduce that peril. Defined as an insurance policy that offers protection against third-party claims of property damage, injury or bodily harm, loss of life or limb, or negligence, general liability insurance has the stopping power you need to protect your business from lawsuit-induced financial loss. It is also required by law in most states which is why we would consider this the most important HVAC contractor insurance policy on this list.

2.       Contractors Workers Compensation Insurance

Well, workers compensation insurance may give general liability a run for its’ money (at least in terms of importance). Like the aforementioned policy, workers comp is required by law in most states (except for Texas) making it an essential component of HVAC contractor insurance. It is designed to cover everything from injury or loss of limb, repetitive motion injuries, medical treatment and lost wages to death and emphysema. Needless to say it covers a lot (a lot more than we can cover in this post), so if you would like more information, please check out our page on workers compensation.

3.       Commercial Auto and Truck Insurance

Commercial auto and truck insurance might not have the same legal requirements as general liability insurance or workers comp but, it’s still a necessary piece of HVAC contractor insurance. If you use a vehicle to transport goods, people or perform other business related tasks then you may want to consider acquiring this policy. It will not only protect you (the driver) but the goods and employees you are transporting. Two things that your personal policy will not cover.

Free General Liability Insurance Quote

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Additional Insured for Completed Operations

You’ve hired an HVAC subcontractor to work on your project and have asked him to provide a certificate of insurance naming you, the general contractor, as Additional Insured on his Commercial General Liability (CGL) Policy.   He is allowed to begin work only after you receive and review the certificate and the Additional Insured endorsement.  You now rest assured that, if there is a claim resulting from the sub’s work, you are fully protected.  Unfortunately, there is one more important thing you still need to do.

Most CGL policies include coverage for the Named Insured for ongoing and completed operations.  Ongoing operations coverage applies while, as the name suggests, the operations are ongoing.  Completed operations coverage applies when completed work results in an occurrence of bodily injury or property damage during the policy period. While the Named Insured may be covered for both, most Additional Insured endorsements include only ongoing operations coverage for Additional Insured.  Read more

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When to Start Thinking About an AC Replacement

Now. Yes, it’s the end of February, but it’s never too early to think about replacing your AC system. Even though this past winter has been one of the coldest in history, you don’t want your air conditioner taking its last icy breath in the middle of summer leaving you to make an impulse decision. But what do you have to do to get the right AC replacement for your home?

First things first, look at your old air conditioner and find out what type you currently have. You should also decide what capacity AC unit you will need to keep your home cool during the hot months of summer. Hiring an HVAC specialist would also be a wise decision, because they can recommend the best system for the space, both in terms of size and cooling capacity.

With their advice, you will be able to select a unit that suits both your home and your budget. Many people end up leaning towards buying cheaper AC units even if they have the money for a better system. Though an expensive air conditioner may seem like a big investment, it can save you a lot of money over the long-term. The pricy units tend to be more efficient, quieter, and come with better and longer warranties. Meanwhile, their cheaper brethren typically will sound like someone stuck an angry komodo dragon in the unit, and it will also make your electric bill something to really dread at the end of the month. The top tier models also have some pretty nifty features, like control over humidity levels and enhanced air quality.

So, right now is the perfect time to think about replacing your AC unit. If you put aside the time now, you can make an educated decision about what kind of unit you want, what works best for your home and your budget, and you will also be able to consult a specialist. Here’s to a warmer winter and a cooler summer!

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How to Choose a Heating System

As a homeowner, there are a lot of decisions to make when it comes to the best way to manage your home. When deciding how you’re going to heat your home, you have a number of options. It’s important to take where you live into consideration when deciding what type of heating system to use, because different climates are conducive to different types of heating.

If you live in a warmer climate area, heat pumps are a good option for heating your home. This type of heating system is especially useful if you live somewhere with low electricity rates, because they’re electric-powered instead of fossil fuel-powered. If you live in an area with low electricity rates, having a heat pump is a good choice when it comes to heating your home, because it will cost less to heat your home this way than if you were to install a furnace. The cost for electricity to run the heat pump is likely much less than if you had to power a fuel-based system that runs on gas or oil. Additionally, if you already have a central air conditioning system, the heat pump combines with it so that only one piece of equipment is necessary to heat and cool your home instead of two.

Installing a heat pump through your HVAC system heats your home by taking in air from outside and processing it through a reverse refrigeration cycle. The compressor draws the air in from outside, and the heat is taken from the air and compressed. A refrigerant in the system evaporates the heat into a gas so that it can travel through copper tubing to a coil inside the house. When it reaches its destination, the gas returns to liquid through condensation, and the heat is able to distribute throughout the house.

A furnace is an entirely different system. Furnaces are often fueled by either gas or oil, though some are electric. Forced air furnaces operate by igniting a flame inside the system that heats up the air. A fan within the system pushes the heated air through ducts and vents that run throughout the house.

There are a lot of factors that go into choosing the heating system that’s right for you and your home, so it’s important to speak with an experienced contractor to help you make the decision!