A Refrigeration Contractor’s work involves installing, altering, repairing, or maintaining refrigeration systems. These tradesmen require special tools and equipment that can be hazardous, formulating a significant risk of bodily injury or property damage to others.
A robust commercial insurance package will protect refrigeration contractors from the financial fallout brought on by an unforeseeable incident.
Refrigeration contractors’ general liability provides the foundation for a rock-solid insurance protection package.
Most state licensing boards require refrigeration contractors to provide contractors’ liability insurance before commencing business operations.
Refrigeration contractors that understand the ongoing risks of an active job site need coverage for bodily injury liability, property damage liability, defense costs, and in many cases, products-completed operations.
Refrigeration contractor general liability insurance will provide that safeguard for your business.
Refrigeration contractors’ workers’ comp protects your employees when they are injured or become ill from a job-related incident.
This multiple-state-required policy helps pay for medical expenses, lost wages, and funeral expenses.
The state you work in will define the minimum required coverage limits for your refrigeration contracting business to become licensed.
It’s important to note that most states implement severe penalties and fines to penalize employers who fail to provide continuous contractors’ workers’ comp coverage.
Most states require a refrigeration contractors’ surety bond prior to commencing business operations.
A refrigeration contractor bond guarantees your customers and the state licensing board that you will complete the job according to your bid and that all subcontractors and vendors get paid when the job is complete.
Refrigeration contractors that use vehicles for business, including transporting tools, equipment, and construction supplies, need contractors’ commercial auto insurance to protect vehicles involved in an at-fault accident, damaged in an accident, stolen, or vandalized.
A refrigeration contractors’ commercial auto policy will have no limit on the number of vehicles or drivers that need to be covered.
Refrigeration contractors’ commercial insurance can provide coverage up to $1 million combined single limits.
Refrigeration contractors use expensive tools and equipment to perform day-to-day business operations.
Refrigeration contractors’ tool and equipment insurance (Inland marine policy) protects your business property from a covered peril at the job site, in transit, or storage.