What is liability insurance?
As a client if you have suffered any bodily harm and injury or property damage due to repair or installation project of the HVAC by a contractor, you can raise a claim to cover your damages by the company. If the company has liability insurance, it will cover the damages suffered by you. If there is a court trial due to it, the insurance will also cover the litigation-expenses of the HVAC Company.
Liability insurance renders a certain level of assurance to a HVAC company. It allows them to carry out daily work with a confidence that the employees are protected from a deep fear of uncertainty. Liability coverage protects a HVAC business against claims brought against the company as a whole, as well as individual technicians under the company’s payroll. It gives them a reassurance that business will have funds to continue daily operations — even when faced with a costly claim.
What are the claims covered by general liability insurance?
Physical injury Claims
In the event of an accident that causes severe injuries to clients on the business premises of HVAC servicing company, general liability insurance covers injury and illness/medical related expenses for third parties.
Property damage Claims
If a client claims that a HVAC contractor is responsible for the damage to his property or that your business is responsible for his inability to use that property, then the liability insurance can cove the damages suffered by the client.
Completed Products Claims
If the HVAC Company install a product that ends up injuring the homeowner, the contracting company could be found liable. In such conditions the liability insurance can meet the legal expenses and any damages depending upon the policy limit.