Prefer to speak with a CoverWallet consultant? Call (646) 844-9933 anytime.
BASIC
Essential coverages to meet client demands
Includes:
STANDARD
Protect your business against service errors
All Basic plan benefits and:
PRO
Get protected against employment-related issues
All Standard plan benefits and:
*plus Workers Compensation
CUSTOM
When you have specific requirements
ALREADY INSURED?
We will take care of the switching hassle.
Call us at (646) 844-9933 for help and more information
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:
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:
Get a free, no-obligation quote and know your concrete insurance costs.
As an HVAC contractor, you have a lot of things that you need to protect. Depending on the size of your business, some insurance policies are going to be more necessary than others. For example, the starting point will always be General Liability insurance. General Liability will cover claims made against your business alleging bodily injury and property damage that arises out of your work. For instance, if you have to climb into a homeowner’s attic to service a heat pump and the ladder falls and breaks an antique heirloom vase, your client would likely sue you for property damage and that sentimental heirloom vase could cost a pretty penny.
In addition to General Liability insurance, another important insurance policy an HVAC contractor should have is an Equipment Floater. You certainly have tools and equipment that are of utmost importance to do your job, so what happens if your tools and equipment are lost, stolen, or damaged? Due to their value, it is a great idea to insure them because it is much more affordable than having to buy all new items. Plus, if you ever need to rent, lease, or borrow any equipment, then that can be covered here too.
If you have employees, then it is a simple fact that you will likely need to obtain Workers Compensation insurance to pay for lost wages and medical expenses if they are injured on the job. If you have a website and take payments electronically, which you probably do in this day and age, Cyber Liability is something to consider as well. Cyber Liability insurance takes into consideration the amount of data breaches that happen on a daily basis and protects you against coordinated attacks that can severely cripple your business. While this list of policies is a good starting point, it is not all-inclusive and it is always a good idea to check what other coverages are available for HVAC contractors.
CoverWallet utilizes state of the art technology to help small businesses understand and buy customized coverage, get significant savings and conveniently manage their insurance, in a matter of minutes, all through our online platform.
No worries, keep your insurance, just get an account with us to manage your policies, certificates of insurance and more
Get CoverWallet »Understand in 10 seconds what type of insurance your industry needs, and why
Insurance Assessment »Leave your email so that your quotes will be sent directly to your inbox.
We won't spam you, we hate it too.
By selecting submit, you agree to our Privacy Policy