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Insurance for HVAC Contractors: What It Covers and Why You Need It

Levelset

HVAC contractor insurance is the primary way to help protect your financial interest if things go wrong on the job. This contractor’s insurance solution is typically the most cost-effective means to secure coverage and give you peace of mind. What is HVAC contractor insurance? Who needs HVAC insurance?

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The Danger of Over-Reporting on your OSHA 300 Forms

Safety Services Company

Total Recordable Incident Rate or TRIR is a mathematical computation that takes into account how many OSHA recordable incidents a company has per number of hours worked and this number can affect the fate of a company. The lower the EMR of a business, the lower their worker compensation insurance premiums will be. What is TRIR?

OSHA 62
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A glossary of terms with reference to Construction Cost Estimating

Construction Cost Estimating

C Chart of accounts (Code of accounts) (COA) - a created list of the accounts used by a business entity to define each class of items for which money or the equivalent is spent or received. The estimated costs of the known-unknowns is referred to by cost estimators as cost contingency. May also be called pricing.

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Supplier Vetting & Compliance

Safety Services Company

Insurance Certificates. Owner-clients will provide their insurance requirements. The prequalification firm will review your certificates of insurance according to the review requirements of the owner client. So, how can a company most effectively maintain these accounts? Marketing and enhanced exposure to owner clients.

Safety 48
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New Maryland Real Estate Laws from the 2020 Legislative Session

Green Building Law Update

Given that real estate accounted for more than 25% of the gross state product (the state Gross Domestic Product) in Maryland last year and that more than 650,000 rent cases were filed in the Maryland courts in 2019, more than anything else the courts adjudicated, some have suggested the legislature might focus more of its efforts on real estate.

Maryland 227
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Electrical Workers Taking Deadly Safety Risks

Safety Services Company

Electrical tradespeople accounted for 29% of all electrical-related fatalities in the workplace between 2003 and 2012, and they continue to be critically injured on the job when working on energized electrical panels or ballasts/347V lighting. Electrical workers accounted for 14% of all occupational fatalities between 2008 and 2012.

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Professional Liability Insurance Explained

Levelset

Professional liability insurance provides contractors coverage from financial losses that happen as a result of their errors, mistakes, or negligence. In that case, professional liability insurance would generally provide the plumber with reimbursement for legal fees, settlements, and judgments.