HVAC Contractor Insurance

As HVAC contractor, your business deals with your client's heating and air conditioning need - some immediate needs and others simply maintenance. Keeping your customers' homes free of certain dangers are a risk of a liability upon your HVAC business. Your insurance will make sure that these risks are mitigated. It makes sure that when a covered risk happens, the insurance will pay for these first instead of coughing the payments out of your business and personal assets.

Below are some of the common risks HVAC Contractors can face:

• A wrong diagnosis of the air conditioner causes it to break down.
• Your employee got accidentally electrocuted when one of his/her tools fell down the power line. You'll be responsible for paying for the employee's medical fees.
• One of your HVAC contractors failed to perform the contracted task.

The cost of insurance for HVAC contractors depends on the size of your business, the number of employees you have, the coverage required and other possible factors. Without taking these into account, below are the average cost of insurance policies for your business:

• General Liability insurance costs $500 in annual premiums.
• Professional Liability insurance costs $1000 in annual premiums.

Get a free, no-obligation quote and know your concrete insurance costs.