Whether you are looking for a great local HVAC contractor for air conditioning repair or to replace your heating and cooling system, one thing you want to make sure of is that the contractor has adequate insurance coverage. Don’t be shy about asking any potential HVAC contractor to provide proof of liability insurance coverage and workman’s compensation insurance. A reputable contractor will have both of these types of insurance and will happy to provide you with proof of insurance.
Some HVAC contractors attempt to cut costs by going without insurance. This questionable ethical practice means that they may be able to underbid other HVAC contractors, but it leave you the homeowner exposed to liability if anything should happen while the contractor is working on your property.
Liability insurance coverage pays for damage caused to property or people by the contractor. Property damage or injury to another person is rare, but it does happen. When it does, the contractor’s liability insurance kicks in and pays for the damage. If the contractor does not have liability insurance, the homeowner is on the hook for damages caused by the contractor while working on your home. Your homeowner’s insurance may cover you, but you will still be out of pocket for your deductible and have deal with the hassle of the claim.
Workman’s compensation insurance covers injuries and lost wages for the contractor’s employees. HVAC work is hazardous and involves some heavy lifting and other physical exertion. It is not at all unusual for an HVAC technician to be injured on the job. Once again, you would be the one to pay for the employees lost wages and hospital bills if the technician was injured while working on your home and the contractor did not have workman’s compensation insurance.
