|Additional Insured Included:||YES|
|Payment Options:||YES (Pay in Full OR Payment Plans)|
|Low Down Payments:||YES (Flexible Payment Options)|
|Coverage Limit Minimum:||$2,000,000 / $2,000,000 / $1,000,000|
HVAC or Heating, Ventilation, and Air Conditioning contractors perform a variety of work in both residential and commercial projects.
These highly trained tradespeople may perform anything from small repairs to a completely new construction project. An HVAC company wants to make sure it has a solid insurance program in place to protect both the business and its employees.
Having general liability insurance in place is a good starting point for the HVAC contractor. This policy will defend you and your business in the event a claim is brought against your company or pay damages awarded for bodily or property injury as a result of this suit. Discuss what coverage is needed and consider additional protection with a commercial umbrella policy if necessary.
Property insurance is the next component of your HVAC insurance package.
Ask your agent if a business owner’s policy may make sense. This type of policy will combine general liability coverage and property coverage. An HVAC contractor needs to have property insurance whether they lease or own the space they operate from for the business.
Talk to your agent about specific coverage for tools and equipment and how to insure them in case of theft. Even if you rent or lease space, it’s important to have coverage as the landlord will not cover your equipment and furnishings.
In most states, and for your own protection, if your business has employees then you need to have workers' compensation insurance. This coverage pays employees medical bills and lost wages as a result of a job-related injury. It also offers protection to the business from being sued by the employee as a result of that injury.
Work closely with your agent to determine coverage. Further information is always available through your state department of insurance.
Work with your licensed professional to put together a comprehensive business insurance package. Ask questions and know what is covered and what specific limitations there may be.
Have a conversation about whether an additional commercial umbrella policy makes sense for further peace of mind.
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