HVAC Business Insurance

How much is HVAC insurance?

Do you own an HVAC company? Then you need to purchase business insurance as this is the best way to protect you, your company, and your employees. We compare insurance rates from more than 30 different top insurance providers in order to make sure you receive the right insurance coverage at the absolute best price. 

Why do I need HVAC insurance?

When you run an HVAC business, you need insurance in case something were to happen while you and/or your employees were working on the job. There are many risks that come with being a professional HVAC contractor, including tripping over a ladder, dropping an HVAC unit on someone’s foot, and pulling muscles due to heavy lifting.

What factors affect the cost?

It depends. The below factors, along with the laws in your state, are what determine the types of business insurance you need to protect your HVAC business. Once you have chosen your specific types of coverage, you might pay anywhere between $39 and $387 a month for a bundle of HVAC coverage.

  • Where do you live?
  • Where is your business located?
  • Do you run your business from home or from a physical location?
  • What are the specific risks associated with running an HVAC business?
  • How many employees do you have?
  • What is your payroll size?
  • What is the worth of your HVAC tools and equipment?
  • Have you previously filed insurance claims?
  • How much insurance coverage do you need?

Check out our ultimate guide to business insurance to see all the factors at play.

Types of HVAC Insurance

What type of insurance should an HVAC have?

The three main types of insurance professional HVAC contractors need are general liability, commercial auto, and workers’ compensation.

HVAC liability insurance

General liability covers any claims filed against your HVAC business that involve third-party bodily injury, property damage, personal injury, and/or advertising injury.

HVAC liability insurance could start somewhere between $38 and $189 a month.

Commercial auto insurance

Business auto covers commercial vehicles used while transporting tools and equipment, whether a worker is going to or from work or running work-related errands.

HVAC businesses could pay somewhere between $211 and $247 a month for business auto insurance.

HVAC Workers’ comp

Workers’ comp (may be required by law) helps cover medical expenses and lost wages when an employee is injured or gets sick while working on the job.

HVAC workers’ comp costs could start around $150 to $298 a month. Check out our workers’ comp costs guide to learn more.

What are additional insurance options for HVAC?

Have a large HVAC business or want peace of mind knowing you are fully covered for any situation? See the additional HVAC insurance options below.

Tools & Equipment Insurance

Also known as Inland marine, tools & equipment insurance helps cover the repair or replacement of any lost, stolen, or damaged HVAC tools and/or HVAC equipment.

How much does tools & equipment insurance cost? An HVAC contractor might pay somewhere between $15 and $29 a month for starters.

Business property insurance

Business property insurance covers you if your business property happens to get damaged during an accident, certain weather events, or caused by other types of hazards.

Business property insurance costs for HVAC might start somewhere between $30 to $137 a month.

Hired and non-owned insurance

A hired and non-owned HVAC insurance policy covers any hired, rented, or borrowed vehicles you need to use in order to properly perform an HVAC job, as well as provides liability coverage if one of your employees needs to use their personal vehicle to run a work-related errand.

Hired and non-owned insurance costs for HVAC contractors could start somewhere between $7 and $12 a month.

Small business insurance policy

How much small business insurance coverage do you need to fully protect your HVAC business? While many business owners find that one million dollars worth of business insurance is sufficient to protect their business from potential risks, we can help you decide whether or not your business needs a higher policy amount.

We can save you money.

No hidden fees, no obligations

Get your personalized HVAC insurance quote by taking just a few minutes to fill out our online form. Whether you just need a simple business insurance plan or a more complex insurance plan, we can provide you with the information you need so you can make the right insurance coverage decisions. 

Our team is dedicated to helping small business owners find the right types of business insurance, as well as pay the most affordable prices. Feel free to call us with any questions you have regarding small business insurance.