Do you work in the HVAC industry? The industry is stable, lucrative, and often interesting, but it also carries some risk for the businesses operating in it. Whether you work by yourself or lead an entire team of HVAC professionals, it is important that you carry the right insurance.
One of the most important types of coverage you can have is HVAC contractors liability insurance. General coverage protects you in case of unexpected situations, such as someone becoming accidentally injured while you’re working or something happening that causes damage to someone else’s property. Defective HVAC units are a common cause of liability insurance claims. Do you have a storefront? Liability will also cover slip-and-fall accidents should they occur.
Commercial Auto Coverage
You need durable vehicles to carry the equipment necessary to work on HVAC units. This means you also need commercial auto coverage to protect your property and yourself when you’re on the road. Business auto insurance doesn’t just protect during accidents, either. It also provides coverage in case your company trucks are stolen or vandalized.
Other Types of Coverage
Your HVAC business may need other types of coverage. Consider whether you need to provide workers’ compensation coverage for employees, whether you have business property such as machinery or a storefront, and whether your business fits into other special circumstances.
Look for a provider that is licensed, insured, and has a solid reputation to help you keep your business safe. Many insurance agencies specialize in coverage for HVAC contractors and other small businesses, so consider starting there.