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HVAC Contractor Insurance

Contractors Insurance is a trusted and award-winning commercial insurance brokerage based in Ontario. We specialize in providing personalized insurance plans for independent contractors and business owners, including HVAC contractors.

No matter the size of your company or the scope of HVAC services you offer, we can provide you with customized HVAC insurance plans that fit your business’s specific needs and protect you from all the risks associated with your industry.

What sets Contractors Insurance apart from the rest is our extensive experience in the construction industry and dedication to providing contractors and tradespeople with the protection their businesses need. Whether you’re negotiating premiums or filing claims, we’ll be there. 

What Is HVAC Insurance?

HVAC insurance is a specialized coverage tailored to the unique needs of heating, ventilation, and air conditioning contractors. This comprehensive insurance solution provides financial protection against a range of risks specific to HVAC contractors, including property damage, liability claims, and equipment breakdowns.

Whether you’re installing, repairing, or maintaining HVAC systems, having the right insurance coverage is crucial to safeguarding your business and livelihood. HVAC insurance typically includes coverage options such as general liability, commercial property insurance, workers’ compensation, and commercial auto insurance, among others. By securing HVAC business insurance, contractors can mitigate risks, comply with industry regulations, and focus on delivering quality service to their clients with peace of mind.

Here’s what can be included in your HVAC contractors’ insurance policy: 

Commercial General Liability Insurance

HVAC contractors must ensure the safety of third-party individuals and prevent third-party property damage that may occur during HVAC installation, maintenance, or repair services.

Having commercial general liability coverage in your personalized HVAC contractor insurance bundle can protect you from these risks, offering financial security and peace of mind. It will also protect an HVAC business against advertising or reputational injuries, such as libel, slander, or copyright infringement.

Pollution Liability Insurance

Pollution liability insurance is essential for HVAC contractors who handle refrigerants, oils, or other hazardous substances. Given the dangerous nature of these pollutants, contamination in the home or building you’re working in could result in respiratory complaints, including mould growth or the spread of legionella bacteria.

These things are covered in your pollution liability insurance, as are legal fees, cleanup costs, and emergency response costs, as needed.

Commercial Auto Insurance 

Ontario HVAC contractors with a fleet of vehicles used for business purposes should be equipped with commercial auto insurance. This coverage protects your business from theft, vandalism, or other perils, as well as liability protection for injuries or property damage resulting from vehicle-related incidents. 

Workers’ Compensation/Personal Coverage 

Workers’ compensation insurance is vital for HVAC companies to protect employees against work-related injuries or illnesses.

It covers medical expenses, lost wages, and rehabilitation costs for employeess injured on the job, while providing liability protection for employers against lawsuits related to workplace accidents. 

Who Can Benefit From HVAC Contractor Insurance?

Contractors, technicians, and business owners operating in the heating, ventilation, and air conditioning industry can benefit greatly from comprehensive HVAC insurance coverage. 

Additionally, subcontractors, freelancers, and small businesses operating in the HVAC sector can mitigate risks and protect their assets by investing in adequate insurance protection.

Whether you specialize in residential or commercial heating and cooling systems, an HVAC company and their team of highly trained technicians require the right insurance is essential for safeguarding your business, assets, and reputation.

Make HVAC business insurance part of your risk management strategy. Work with specialized insurance providers that understand the unique challenges of the trades!

Why Is It Important for Ontario HVAC Businesses to Have Insurance? 

There are approximately 13,500 HVAC businesses in Canada—you need to be both qualified and insured to stand out. Having an HVAC contractor insurance policy will allow you to focus on growing your business without worrying about the potential financial setbacks associated with unforeseen events.

HVAC Contractor Insurance Claims Examples

Claims Example #1

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    One of your client’s family members contracts Legionnaires disease and blames it on your recent HVAC installation. They take you to court and win the case.

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    Your pollution liability coverage will cover the full amount of the settlement fee, equating to approximately $200,000.

Claims Example #2

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    One of your HVAC service trucks gets into an accident, injuring a third-party driver.

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    Your commercial auto insurance will cover all of the expenses, including legal, medical, repair, or replacement of your service vehicle, and any other settlement costs. These expenses total $21,500.

Claims Example #3

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    One of your HVAC installation technicians suffers a fall while working, gets injured, and needs four weeks to recover.

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    Your workers’ compensation coverage will handle the medical expenses and income loss during recovery of up to $5,300.

Leading Provider of HVAC Insurance in Ontario

We put our customers at the centre of everything we do. Here’s why you should choose Contractors Insurance:

Personalized Insurance Plans 

HVAC contractors face unique risks in their industry, which is why personalized HVAC contractor insurance makes a lot of sense. With us, you pay only for what you need—no unnecessary and costly riders. 

Utmost Transparency on Coverage and Limitations

At Contractors Insurance, we offer 100% transparency and take a proactive approach to keep our clients updated and informed about their policy. We’ll take you through everything you need to know about your plan, including coverage limits, exclusions, and what triggers claims.

Thorough and Straightforward Insurance Education

You can count on us as a trustworthy source of unbiased information and expert recommendations. We’ll make sure you have everything you need to make empowered decisions regarding your HVAC business insurance.

Frequently Asked Questions About HVAC Contractor Insurance

Typically, HVAC contractor insurance uses commercial general liability insurance as its basic foundation. This will cost around $50 per month for a coverage limit of up to $2 million. However, HVAC insurance fees can increase if you add more policies. In such cases, bundling insurance plans is generally the most cost-effective option. 

While it is not required, most clients won’t hire HVAC contractors without it.

Ready to Get the Coverage You Need?

At Contractors Insurance, we specialize in delivering tailor-fit HVAC insurance policies that meet the needs of the industry’s inherent risks, providing protection across all areas of operation.

As one of the top insurance providers and brokerages in Ontario, it’s our mission to provide your HVAC business with a variety of insurance coverage options, starting with commercial general liability. We’re always ready to answer your questions, give recommendations, and help you get settled with your HVAC business insurance bundle. You can work more confidently knowing our team has got yours covered—it’s what we do best! 

Contact our team of expert brokers for more information about HVAC contractor insurance.

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