Oregon Air Conditioning Systems Installation Repair Insurance (Quotes, Cost & Coverage)
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Frequently Asked Questions About
Commercial General Liability Insurance
How much does commercial insurance cost?
Costs can vary widely based on industry and are also determined by zip code and often payroll and/or gross sales. Request a free quote to get an exact number.
What kind of business insurance do I need?
Most business owners need General Liability Insurance at the very least. If you have any non-owner employees, you will need workers compensation insurance too.
What is a Certificate of Insurance?
A Certificate of Insurance is proof of coverage. It lists the type and amount of liability coverage you have and other policy information when a third party requests it.
Is business insurance tax deductible?
Yes. you can deduct the cost of commercial insurance premiums. The IRS considers insurance a cost of doing business as long it benefits the business & serves a business purpose.
Oregon Air Conditioning Systems Installation Repair Insurance
Oregon Air Conditioning Systems Installation Repair Insurance. Air conditioning systems installation and repair insurance is a type of commercial insurance that any company that works in the air conditioning industry should have. Running an air conditioning installation and repair business can be very profitable, but those profits can quickly turn into losses if you end up dealing with an injury to a customer, employee or a third party, or if one of your technicians ends up causing damage to the property that he or she is working on. The basic idea behind any kind of Oregon air conditioning systems installation repair insurance is that you hope you never have to use it.
Oregon air conditioning systems installation repair insurance protects your HVAC contracting business from lawsuits with rates as low as $37/mo. Get a fast quote and your certificate of insurance now.
Liability Protection For Your HVAC Business
It's up to every OR air conditioning business to do everything in their power to ensure their employees are properly trained. Properly trained employees are less likely to make the kinds of mistakes that lead to injuries or property damage. With that being said even a company that takes every conceivable precaution cannot prevent all accidents from happening. That's why you need to have Oregon air conditioning systems installation repair insurance.
OR HVAC Risks & Exposures
Air-conditioning contractors install, service, maintain and repair air-conditioning units in residential or commercial buildings, including related duct and vent work. Many air-conditioning contractors service air filtration and ventilation systems, and some may work on heating units. Air-conditioning units are normally electric-powered, but are "charged" with different coolants, some of which may be quite hazardous. There may be installation of anti-theft cages or other security devices. The contractor could provide 24 hour emergency service.
Property exposures at the contractor's own location are generally limited to an office and storage for supplies, equipment, and vehicles. The fire exposure is generally light unless there are repair operations involving welding or brazing on premises. Many air-conditioning contractors keep products or parts on premises, increasing the exposure to fire, smoke, water damage, breakage, theft and vandalism.
Crime exposure is primarily from theft. Parts and even entire units are targeted and sold as scrap metal. Precautions should be taken when units are delivered to new construction sites. While in transit the vehicle should be attended at all times. Employee dishonesty is another exposure. Background checks, including criminal history, should be performed on all employees providing services to customers or handling money.
All ordering, billing and disbursement should be handled as separate duties with reconciliations occurring regularly. There may be some copper components on premises that could present a theft exposure because copper is valuable when sold at a scrap metal yard.
Inland marine exposures include accounts receivable if the contractor offers credit to customers, computers, contractors' equipment and tools, including ladders and scaffolding, goods in transit, installation floater, and valuable papers and records for customers' and suppliers' information. Contractors' machinery, tools, or building materials left at job sites are exposed to loss by theft, vandalism, damage from wind and weather, and damage by employees of other contractors. Contractors may lease, rent or borrow equipment, or may lease out, rent or loan their owned equipment to others, which poses additional risk as the operator may be unfamiliar with operation of the borrowed item.
If air-conditioning units are lifted by crane to roof tops for installation or retrofit, or dropped into place by helicopters, the units could be damaged from drops and falls. Since an accident may trigger both the equipment and installation coverages, as well as possible third-party liability, many contractors prefer to hire a crane or helicopter with a licensed operator. Goods in transit consists of tools and equipment as well as products purchased by the customer for installation at the job site. Air-conditioning units can be of high value and susceptible to damage in transit, requiring expertise in loading to prevent load shift or overturn. There is an installation floater exposure when the units to be installed are delivered to the site in advance of the installation.
Premises liability exposures at the contractor's office are generally limited due to lack of public access. Retail sales increase the possibility of customers slipping, falling, or tripping. Off-site exposures are extensive. During installation, electrical voltage must be turned off at the job site in order to reduce the risk of electrical burns or electrocution to others entering the area, and turned back on after work stops, all while minimizing any disruption of electrical service to other homes or businesses in the vicinity. Installing air conditioning can be invasive and require work throughout a home or business, resulting in a high potential for property damage.
The area of operation should be restricted by barriers and proper signage to protect the public from slips and falls over tools, power cords, building materials, and scrap. Welding presents potential for burns or setting the property of others on fire if not conducted safely. If there is work at heights, falling tools or supplies may cause bodily injury or property damage if dropped from ladders, scaffolding, cranes or helicopters.
Completed operations liability exposures can be severe due to improper wiring or grounding. When an air-conditioner malfunctions, it may be difficult to determine the cause since it may be due to faulty system design, faulty manufacture or faulty installation. Significant completed operations exposures may be present in system installations at medical facilities and locations requiring refrigeration of goods. Quality control, including work order documentation, and employee training, background, and experience is important.
Environmental liability exposures may exist if the contractor is responsible for the disposal of old air-conditioning equipment as these may contain PCB's. Disposal procedures must adhere to all EPA and other regulatory standards. Proper written procedures and documentation of both the transportation and disposal process are important.
Automobile exposures are generally limited to transporting workers, equipment and supplies to and from job sites. MVRs must be run on a regular basis. Random drug and alcohol testing should be conducted. Vehicles must be well maintained with records kept in a central location. Vehicles may have special modifications or built-in equipment such as lifts and hoists. Large air conditioners may be awkward and require special handling and tie-down procedures.
Workers compensation exposures vary based on the size and nature of the job. Injuries can occur from working with hand tools, slipping or falling, back injuries such as hernias, strains and sprains from lifting, and cuts from the fabrication and installation of sheet metal for ducts and vents. Electrical burns are common; electrocution can occur from the use of high-voltage lines. When work is done on ladders and scaffolds, employees can be injured from falling, being struck by falling objects, or adverse weather conditions.
The use, misuse, maintenance and transport of large, heavy machinery can result in severe injury. Failure to enforce basic safety procedures, such as power shutoff prior to commencing certain operations, may indicate a morale hazard. Employees must be carefully selected, trained and supervised.
Minimum recommended coverage: Business Personal Property, Employee Dishonesty, Contractors' Equipment and Tools, Goods in Transit, Installation Floater, General Liability, Employee Benefits Liability, Umbrella Liability, Automobile Liability and Physical Damage, Hired and Nonownership Auto & Workers Compensation.
How Air Conditioning Systems Installation And Repair Insurance Protects You
What happens if one of your technicians, despite their high level of training, messes something up on the job? Well if it's a minor issue then as a business owner your best course of action is probably going to be to try to resolve the problem yourself. You don't want to have a customer anymore upset with you than they already are, so making things right is the smart business move to make. But at some point the damages could become too costly to be able to simply cover yourself.
While it is unlikely there is always the possibility that one of your employees will cause more damage to a property than you an afford to pay for out of pocket. Damages aren't limited to only the air conditioning system they are working on either. When your company is hired to work on the air conditioning system on a property your company is also going to be responsible for any damages they cause.
For example what happens if they end up collapsing part of the roof when an air conditioning unit wasn't installed properly? What happens if during the unit falling it also tears up plumbing or electrical wiring? What happens if the unit falls when nobody is home, damages a gas line, and causes a house fire? While these may seem like unlikely scenarios they are scenarios that could happen. In the worst case scenario you could be looking at hundreds of thousands of dollars in repair costs and punitive damages. If you don't have Oregon air conditioning systems installation repair insurance then your company is going to have to pay for that out of pocket. That's the kind of expense that can easily put you out of business.
While property damage claims can be very damaging injury claims can be far worse. If one of your employees accidentally causes an injury to a customer or someone else then your company is also liable for that. With injuries the potential damages are enormous. In a worst case scenario it's possible that one of your employees could cause permanent disability or even death to someone while they are on the job. If that happens it's more than unfortunate, it's downright tragic.
But just because one of your employees is at fault for a terrible accident do you really think that you deserve to lose thousands of dollars or more, and with that loss also suffer the end of your business? Of course not, as long as you were a responsible business owner that ensured your employees were well trained and had the right equipment then you have done your part to help prevent any tragic accidents from happening. Once again this is where Oregon air conditioning systems installation repair insurance is so invaluable. It acts as a shield in the very unlikely event that someone is hurt or worse by one of your employees while they are working on a job.
OR Air Conditioning Systems Installation Repair Insurance
If you think you can't afford the right Oregon air conditioning systems installation repair insurance, and think you can go without it, then you are making a huge mistake. Something you are doing to try to save yourself some money could end up ultimately costing you far more money. The bottom line is that a part of being a responsible business owner is ensuring that you have well trained employees, the right equipment, and also the right insurance.
Oregon Business Economic Outlook & Commercial Insurance Regulations
If you are thinking about doing business in the Pacific Northwest, you might have your sights set on Oregon. However, before you set up shop, it's important for you to have an understanding of the economy - so that you can make the best decisions possible. It's also important for you to know what type of business insurance policies you are legally required to carry in order to do business in OR.
In order to help set you up for success, below, we highlight some of key information regarding the economy in Oregon, as well as the regulations regarding commercial insurance.
The Economic Outlook In Oregon
In 2018, Oregon is projected to see an increase in their economy. The unemployment rate was 4.1 percent at the end of 2017, and it is expected that it will either stay the same or drop even lower by the end of 2019.
There are several industries that are expected to contribute to the job market and the economy overall in the state of Oregon. The industry that is expected to see the most gain in this state during the 2018 calendar year is construction, with an increase of 10.5 percent. The manufacturing industry is also expected to see significant growth, with a forecasted increase of 4.3 percent. Other industries that are expected to see growth in OR in 2019 include:
- Financial Services
Insurance Requirements For Oregon Businesses
The Division of Financial Regulation oversees the insurance industry in Oregon. Here workers compensation insurance is mandated. If you employ one or more person, whether that person is full-time or part-time, or is hourly or salaried, you are legally required to carry this type of coverage. Additionally, you must carry commercial auto insurance if you operate vehicle for any business-related purposes, whether it's meeting with clients, making deliveries, or transporting goods.
While commercial general liability insurance is not required in OR, it is highly recommended. This type of coverage will protect you from any lawsuits and the accompanying settlements that may arise in the event that some slips and falls, or claims that you damaged their property. You should also consider investing in commercial property insurance, as it can help to offset the cost of any property losses that you might experience.
Additional Resources For Contractors & Home Improvement Insurance
Learn about small business contractor's insurance, including what it covers, how much it costs - and how commercial insurance can help protect your contracting business from lawsuits.
- Air Conditioning Systems Installation Repair
- Builders Risk
- Cable And Satellite TV Installer
- Concrete Contractors
- Contractor Liability
- Demolition Contractors
- Door And Window Installers
- Dryer Vent Cleaning
- Drywall Contractor
- Electrical Contractors
- Environmental Remediation Contractors
- Excavation Contractor
- Fence Installation
- Fire Sprinkler Contractors
- Fire & Water Restoration Contractors
- Flooring Contractor
- Framing Contractor
- Garage Door Installer And Repair
- Glass Contractor
- Glazier Insurance
- House Cleaning
- HVAC Contractor
- Insulation Contractor
- Janitorial Cleaning Services
- Lawn Care
- Masonry Contractor
- Paperhanging Contractors
- Plastering And Stucco Contractor
- Pressure Washing Contractors
- Propane And Fuel Dealers
- Rug, Upholstery & Carpet Cleaning
- Sandblasting Contractors
- Security Alarm
- Siding Contractor
- Solar Panel Installers
- Snow Plow
- Stone And Tile Installer
- Swimming Pool Contractor
- Tree Trimming
- Upholstery Shop
- Waste Haulers & Garbage Collection
- Water Well Drilling
- Welding Contractor
- Wildlife & Pest Control
- Window Cleaning
If a contractor wants to begin or stay in business, liability coverage must be obtained for the premises or operations, off-site locations and products/completed operations exposures. These coverages may be included as a part of a businessowners policy (BOP) or purchased in a commercial general liability (CGL) policy. Owners and contractors protective liability and railroad protective liability coverages may also be required in certain cases in order for a contractor to obtain a particular job.
Many contractors do not have the usual location-specific buildings and business personal property exposures. Their business property is more mobile and, therefore, better covered with inland marine coverage forms. However, for those larger contractors that own buildings and/or maintain business inventory there are many coverage forms and choices available to them.
Contractors use their vehicles to get to and from their workplaces and jobsites. They also use vehicles to transport equipment and inventory to those locations. It is important to cover the liability of these vehicles for injury or damage they may cause, as well as to provide coverage for damage to the vehicles themselves.
Employers are required to provide coverage for injuries sustained by their employees while on the job. Contractors must comply with these requirements but some try to avoid them by hiring subcontractors. These subcontractors may actually operate and qualify as employees. The relationship between a contractor and its subcontractors must be carefully evaluated in order to determine if workers compensation coverage is still needed.
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