Heating, ventilation, and air conditioning (HVAC) work comes with hefty risks. A worker could hurt their back lifting a unit, or an air conditioner could leak and damage a client's floors. HVAC insurance covers medical bills, legal fees, and repair costs. Some policies, like workers' comp, may be required by law.
Insureon helps residential and commercial HVAC businesses compare insurance quotes from top U.S. providers online. Get several quotes with one application.
These insurance policies cover the most common risks of HVAC installation.
A general liability policy covers common third-party risks, such as damage to a client’s home while moving an air conditioning unit. It may be required for a commercial lease, loan, or contract.
A business owner's policy, or BOP, is a cost-effective way for HVAC installers to buy general liability coverage and commercial property insurance together.
Most states require workers' comp insurance coverage for HVAC businesses that have employees. It also protects sole proprietors from work injury costs that health insurance might deny.
This policy covers financial losses in an accident involving an HVAC company's vehicle. Most states require it for business-owned vehicles.
Repairs or replaces an HVAC technician's psychrometers, multimeters, and other tools if they are damaged, lost, or stolen. It's a type of inland marine insurance that protects mobile property.
Cyber insurance helps cover the cost of a data breach or cyberattack at your HVAC installation business. It's sometimes called cyber liability insurance or cybersecurity insurance.
HVAC insurance costs for a small business with a few workers will pay less for insurance than a large company.
Factors that affect premiums include:
It's easy to get commercial general liability insurance and other HVAC insurance policies if you have your company information on hand. Our application will ask for basic facts about your company, such as revenue and number of employees. You can buy a policy online and get a certificate of insurance with Insureon in three easy steps:
Insureon's licensed agents work with top-rated U.S. insurance companies to find affordable coverage that fits the risks of installing HVAC systems, whether you're a contractor or an employer.
Hear from customers like you who purchased small business insurance.
Review answers to frequently asked questions about HVAC installation contractors business insurance.
While general liability insurance and workers' compensation provide crucial protection against workplace injuries and third-party claims, they don't cover every risk. HVAC professionals should also consider:
Builder's risk insurance: Builder's risk provides coverage for a structure under construction, along with materials, at a construction site. It's sometimes called course of construction insurance.
Inland marine insurance: Because commercial property insurance only covers items at your main business location, you'll likely need inland marine insurance for items in transit or at a job site. There are two types of coverage HVAC contractors should look at: contractor's tools and equipment insurance and installation floater insurance for materials awaiting installation.
Commercial umbrella insurance: Umbrella insurance boosts the coverage on your general liability, commercial auto, and employer's liability insurance once the policy limit is reached.
Most states require HVAC contractors to be licensed before they can offer their services or take on any work, however there are some that don't.
To obtain licensure, each state has its own requirements. Most mandate passing a state exam, work experience, and insurance coverage and surety bonds.
For example:
Some bond and insurance requirements are regulated by your state and local government, like workers' compensation, commercial auto, or various types of surety bonds.
Installation floater insurance covers building materials and products, such as HVAC systems and ductwork, while they're being installed by an HVAC contractor.
It also extends coverage to the materials while they're in transit or in temporary storage off-site. This insurance coverage is crucial as commercial property coverage doesn't protect items brought to job sites.
A type of inland marine insurance, this specific coverage can help pay for the repair or replacement of materials if they're damaged by an incident such as vandalism, a fire, or a storm.