Let’s Protect What’s Yours
HVAC Contractor Insurance
IIf you’re in the HVAC business, no matter how big or small you are, you need insurance. Do you have equipment or property you can’t afford to replace if it’s lost or damaged? Could you be faced with a lawsuit? If either of these is true for you, you should protect yourself and your business with the right insurance coverages.
- General liability
- Professional liability/E&O
- Commercial auto
- Workers compensation
- Tools and equipment
- Commercial property
There are several basic insurance coverages we recommend to HVAC business owners.
As a business owner, you are potentially liable for every product, service, and operation relating to your business. While sound procedures may be stressed throughout your organization, the fact remains that no person or machine is perfect. Despite your best efforts, harm caused to a third party relating to your business could lead to litigation. Commercial general liability insurance is designed to protect business owners and assets from a variety of exposures. You can learn more about commercial general liability insurance here.
Professional Liability (E&O)
If you or your employees are specialists providing services that may cause a client financial damage through any errors or omissions, then you will benefit from professional liability coverage. You work hard to perform your duties and responsibilities to the best of your ability, but if your customer isn’t satisfied you may be faced with a lawsuit. A professional liability policy protects you, your employees, and your business.
Imagine you were involved in an accident in your personal vehicle while engaged in company business. Did you know your personal insurance may not cover you? What if you have employees on the road making service calls to customers? Commercial auto insurance provides protection for your company-owned vehicles, leased or rented vehicles, and your employees’ vehicles used for business purposes.
If you employ any number of workers who are not considered owners of the business, then you are legally required to maintain a workers compensation policy. You do your best to maintain a safe work environment, but if any of your employees are injured or become ill on the job, you are legally responsible. A workers compensation policy can cover the payment of your employee’s medical expenses, lost wages, and rehabilitation costs.
Tools & Equipment
Covers your tools and equipment in case of damage or theft.
Imagine a fire breaks out and you lose your entire inventory. Or your business is burglarized causing physical damage and possibly lost assets. Your ability to recover from these incidents is dependent on your commercial property insurance.
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We’ll walk you through the process.
Other Beneficial Policies
Without an excess or umbrella policy, a catastrophic claim could deplete your future income and business assets. Every business is vulnerable to devastating losses and lawsuits that could exceed your primary insurance coverage. This is a critical coverage—especially for small to mid-sized businesses.
Flood & Earthquake
Your basic insurance policy does not protect you against damage from earthquakes and floods. Whether you are in a high-risk area or moderate-to-low risk area, you should consider adding earthquake and flood insurance to your business insurance policy. More than half of all flood claims occur in areas considered to have low flood exposure, and each year there are around 5,000 earthquakes in the United States.
Do you have business equipment, materials, or supplies in transit? Do you store business property in an off-site location? Inland marine coverage protects your most valuable business property or equipment wherever it may be.
Where do I start?
Business insurance can be a complex process of finding the insurance policy that best fits your needs. We’re here to help you identify your potential risks and liabilities and then work with you to tailor a policy that will protect your business. Let’s get started protecting what’s yours.