Getting the HVAC contractor insurance coverage that's right for your company starts with considering the type of work that you do and the risks that you face as you do it.
Do you work primarily for commercial or residential customers or a mixture of both? Are you focused primarily on installation work, as in new construction or remodeling, or do you also handle repairs? Is duct cleaning included in your service offerings? The installation of radiant floor heating? Each service has its particular risks.
HVAC Contractor General Liability Insurance
A variety of risks are associated with running a heating and A/C contractors’ insurance policy, many of which can be protected with general liability insurance. Included in your general liability policy is coverage for completed operations, products liability, and premises liability. General liability insurance protects your company from legal claims that might arise from accidents, as well as damages that can occur to your business assets.
HVAC Contractor Commercial Auto Insurance
Traveling to your customer’s jobsite to perform repairs and services, or install new heating and air conditioning equipment puts your company at risk of having auto accidents. A commercial auto insurance policy protects you from losses, damages and medical bills that may arise.
HVAC Contractor Inland Marine Insurance
Inland marine insurance is a special type of insurance policy that protects property while it is in transit. This means that while you are driving to a client’s residence or place of business, your property and theirs is protected.
HVAC Contractor Contractors Employee Dishonesty Insurance
Employee dishonesty insurance will offer your heating and A/C contractor company against crimes committed by employees. This may include theft of money or tools and equipment you use, along with theft or vandalism committed at a client’s home or business.
HVAC Contractor Workers' Compensation
If you have at least one employee working for your heating and A/C company, you need worker’s compensation insurance. Not only is it legally required in most states, but it is important protection for your employees and your company.
HVAC Contractor Umbrella Insurance
The liability policies for your Heating and A/C Contractors business (General Liability, Commercial Auto, and Employers Liability) all have coverage limits. Umbrella liability insurance therefore is used to increase your liability limits for all of these risks under one policy to protect your business for claims that exceed your primary policy limits.
HVAC Contractor Errors & Ommissions Insurance
This type of policy provides protection for costs that result from your legal obligation to make good on faulty work, material, or design caused by a negligent error or omission you make in your business, including lawsuit defense costs and damage from the loss of use of property. (General liability policies will apply if bodily injury or property damage occurred.)