Insurance for HVAC Contractors

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What HVAC Contractors Are All About:

HVAC contractors work on heating, ventilation, cooling, and refrigeration systems that control the quality of air in many types of buildings, including schools, residential homes, hospitals, and commercial office buildings.

What type of insurance does this industry need?

Policy What is it? Why get it Popularity in your industry Want free quotes?
General Liability
This policy protects your business claims of bodily injury, property damage or advertising and personal injury (aka reputational damage). For example, the oh-so-common "slip and fall" claim would be handled under your General Liability policy. More likely than not, you have a contract, like a loan or a lease or mortgage, requiring you have General Liablity insurance. Even if you don't, this is the absolute best measure you can take to make sure you're covered in case of a law suit against your business.

What is it: This policy protects your business claims of bodily injury, property damage or advertising and personal injury (aka reputational damage). For example, the oh-so-common "slip and fall" claim would be handled under your General Liability policy.

Why get it: More likely than not, you have a contract, like a loan or a lease or mortgage, requiring you have General Liablity insurance. Even if you don't, this is the absolute best measure you can take to make sure you're covered in case of a law suit against your business.

Workers Compensation
Workers compensation coverage covers lost wages and medical treatment resulting from an employee’s work-related injury or illness. It also covers services needed to help an employee recover and return to work. This is the law in all 50 states. As soon as you have your first non-owner employee, it's time to get Workers Comp insurance. Not having this insurance can lead to hefty fines, and of course, it means the business has to pay for any workplace injury claims.

What is it: Workers compensation coverage covers lost wages and medical treatment resulting from an employee’s work-related injury or illness. It also covers services needed to help an employee recover and return to work.

Why get it: This is the law in all 50 states. As soon as you have your first non-owner employee, it's time to get Workers Comp insurance. Not having this insurance can lead to hefty fines, and of course, it means the business has to pay for any workplace injury claims.

Inland Marine
Inland Marine sounds like something you don't need, but you probably do. This covers goods in transit on land or through water, as well as property of others that is at your premises or being transported to or from your premises. If you move goods for others, you likely have contracts in place that require you to have Inland Marine insurance. If you are moving your own business' goods, then consider this just as important as property insurance.

What is it: Inland Marine sounds like something you don't need, but you probably do. This covers goods in transit on land or through water, as well as property of others that is at your premises or being transported to or from your premises.

Why get it: If you move goods for others, you likely have contracts in place that require you to have Inland Marine insurance. If you are moving your own business' goods, then consider this just as important as property insurance.

Umbrella Insurance
When the amount of liability coverage provided by your General Liability, Auto Liability, and/or Employer's Liability is not enough, Umbrella or Excess Liability coverage can be the solution. Umbrella coverage can be bundled with a General Liability policy or purchased as a standalone policy. This is a good idea for any business considering the astronimical amounts that may be on the line in a law suit.

What is it: When the amount of liability coverage provided by your General Liability, Auto Liability, and/or Employer's Liability is not enough, Umbrella or Excess Liability coverage can be the solution. Umbrella coverage can be bundled with a General Liability policy or purchased as a standalone policy.

Why get it: This is a good idea for any business considering the astronimical amounts that may be on the line in a law suit.

Commercial Auto
Commercial auto insurance, like your personal auto policy, provides similar coverages such as liability, collision, comprehensive, medical payments and uninsured motorist coverage. This is the law. Any vehicle and driver out on the road must be insured. Keep in mind that any claims that happen while the car is being used for business purposes will not be paid by a personal auto policy. That's why it is so important to make sure you have commercial auto insurance.

What is it: Commercial auto insurance, like your personal auto policy, provides similar coverages such as liability, collision, comprehensive, medical payments and uninsured motorist coverage.

Why get it: This is the law. Any vehicle and driver out on the road must be insured. Keep in mind that any claims that happen while the car is being used for business purposes will not be paid by a personal auto policy. That's why it is so important to make sure you have commercial auto insurance.

Errors & Omissions (E&O)
This insurance covers a potentially wide range of issues, but specifically is meant to help your company cover potential damages as a result of errors or omissions that occur while performing contracted work. If your company offers advice to clients, it’s imperative that you have E&O Insurance. This will cover claims of negligence, faulty advice and subcontractor errors.

What is it: This insurance covers a potentially wide range of issues, but specifically is meant to help your company cover potential damages as a result of errors or omissions that occur while performing contracted work.

Why get it: If your company offers advice to clients, it’s imperative that you have E&O Insurance. This will cover claims of negligence, faulty advice and subcontractor errors.

Hired & Non-Owned Auto
This insurance covers a vehicle that has been hired by a company to be used for business-related purposes, it also covers the passengers inside. If your company hires vehicles or allows employees to borrow company vehicles for business purposes, you will need this insurance. It will cover claims of personal injury and property damage should something go wrong on the job.

What is it: This insurance covers a vehicle that has been hired by a company to be used for business-related purposes, it also covers the passengers inside.

Why get it: If your company hires vehicles or allows employees to borrow company vehicles for business purposes, you will need this insurance. It will cover claims of personal injury and property damage should something go wrong on the job.

Are you ready to get down to business?

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