HVAC Contractor Insurance
As an HVAC contractor, having insurance is a necessary part of protecting your business. When you repair or replace systems, you may be working with gas, water, electrical components, and more. You need to know older systems and newer ones. When replacing or repairing an HVAC unit, you may even have to make modifications to the physical structure of a customer’s home. Mistakes can cost you tens of thousands of dollars in damages. By protecting your business with HVAC contractor insurance, you know that you are safe from many common concerns. General liability insurance, for example, can protect your business from mistakes you might make and keep any damages from coming out of your pocket.
What Type Of Insurance HVAC Contractors Need?
When HVAC contractors choose to purchase an insurance package, there are several insurance types that are typically recommended. These help you make sure that your business is fully protected against major problems. You might see:
- General Liability
- Tools Coverage
- Auto Insurance
Depending on the size and scope of your business, insurance agents will recommend other insurance as well. For example, businesses with employees may need workers comp insurance, or to offer health insurance coverage.
How Much Is HVAC Contractor Insurance
HVAC contractor insurance policies cost different amounts depending on a number of factors: where you live, what coverage you need, and the history of any claims or customer complaints your business has had in the past. While there’s no way to offer the exact cost without a complete quote, But when you’re planning out the expecting income and expenses of your business, it’s helpful to have a rough idea of the cost of coverage. You might expect to pay:
- General Liability Insurance for a HVAC Contractor could start from around $495 per year.
- Tools coverage for a HVAC Contractor starts at $200 per year to cover $10,000 of tools.
- Auto Liability Insurance for a HVAC Contractor could start from about $870 per year for a pickup truck.
Since the actual cost of insurance for handyman businesses varies so much, the best way to determine your cost is to call us and get a direct quote.