Arkansas HVACR NewsMagazine November 2022

News Magazine Reprint

FEATURE STORY

W hat happens if I forget and don’t get General Liability Insurance before my license needs to renew?

You will not be able to renew your license.

It is like being required to carry vehicle liability insurance. That is not new to us so this should not be a problem. Since it is new to the HVACR industry, it will be frustrating at first. A year into it and it will not be a big thing. Remember, we asked the legislature and the licensing program for a General Liability requir ement for years. We’ve all seen homeowners suffer losses because the HVAC contractor made a mistake and could not cover the cost of repair. The cost to the contractor is so small but protects all parties up to the limits of the policy in case of a problem. Almost all contractors already have General Liability insurance. The only real difference is that you will need to provide proof of coverage when you renew your license. Overview:

XRt8bofqx!!! Did I do that?!?

If you perform HVACR service in any form as a contractor or “good ole’ boy” and get paid or not, you are required to protect the homeowner or business and yourself with a minimum $250,000 General Liability Policy.