There are risks associated with HVAC maintenance, whether you’re fixing a commercial heating system or installing a new air conditioner. One unforeseen event can result in significant financial loss due to damages to property and injury to employees. Insurance for HVAC contractors can help with that.
HVAC Insurance: What Is It?
A policy (or group of policies) known as HVAC contractor insurance is intended to shield HVAC specialists from the particular dangers associated with their line of work. It offers monetary protection against mishaps, broken equipment, legal action, and more.
What Is Covered by HVAC Insurance?
The following are the most typical policies that HVAC companies ought to have:
Insurance for General Liability
covers physical harm or damage to client property, such as a client slipping on the job site or a pipe breaking by accident.
Your work vehicles and vans that are used to deliver equipment or travel to construction sites are protected by commercial auto insurance.
Coverage of Tools and Equipment
protects your equipment and tools in the event that they are lost, stolen, or destroyed.
Workers’ Compensation
necessary if you have workers. covers lost income, medical expenses, and injuries sustained on the job.
If you are charged with a job error that results in additional harm or a defective installation, professional liability (errors & omissions) protects you.
In the event of a fire, vandalism, or theft, commercial property insurance protects your workspace, warehouse, equipment, and stock.
The Need for Insurance for HVAC Contractors
It is risky to operate large machinery, electrical systems, and gas lines.
Before hiring you, clients could ask to see proof of insurance.
Claims for property damage and lawsuits might occur at any time.
Your livelihood is at stake when you defend your company.
One error could cost you your business if you don’t have the proper coverage.
How Much Does It Cost?
The average annual salary for HVAC contractors ranges from $1,000 to $3,000, based on:
The quantity of workers
Work type (commercial vs. domestic)
Value of equipment
History of claims
Limitations of coverage
Your premium may be reduced by bundling insurance.
Request a Quote from a Local Professional
At OKC Insurance Brokers, we assist Oklahoma HVAC contractors in obtaining reasonably priced insurance that satisfies job site specifications and provides protection.
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📞 405-509-9433 Office
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