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What types of insurance do HVAC contractors and installers need?
These policies provide coverage for the most common risks of HVAC installation.
General liability insurance
This policy covers common HVAC installation risks, such as damage to a client’s home while moving heavy equipment. Bundle with property insurance for savings in a BOP.
BEST FOR
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Customer injuries
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Customer property damage
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Libel or slander lawsuits
Workers’ compensation insurance
Workers’ compensation insurance is required in almost every state for HVAC businesses that have employees. It can cover medical bills for work-related injuries.
BEST FOR
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Employee medical expenses
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Missed wages
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Legal costs
Commercial auto insurance
This policy covers property damage and injuries involving HVAC company vehicles, as well as repairs to vehicles damaged by vandalism or weather.
BEST FOR
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Injuries caused to another person
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Injuries caused to another person
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Vandalism and theft
Contractor’s tools and equipment insurance
This policy helps pay for repair or replacement of an HVAC contractor’s psychrometers, multimeters, and other tools if they are lost, stolen, or damaged.
BEST FOR
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Equipment less than five years old
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Mobile equipment
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Small tools
How much does insurance cost for HVAC installers?
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Several factors will have an impact on insurance costs, including:
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Heating, ventilation, and air conditioning installation services offered
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Business equipment and property
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Revenue
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Location
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Number of employees
Why do HVAC installers need insurance?
Heating, ventilation, and air conditioning installation is a booming industry. However, working with heavy equipment can lead to employee injuries or damage to a client’s home or office. HVAC insurance can cover legal and financial losses related to injuries, property damage, and other risks.
