How Much Is Business Insurance
for Heating, Ventilating, and Air Conditioning Contractors?

As a heating, air conditioning, and refrigeration professional, you'll need business insurance in order to get licensed and meet contractual requirements outlined by your clients. The cost of insurance depends on the size of your business and other factors related to its risk profile.

With that said, we've compiled some insurance quotes based on what other HVAC companies have paid to get insurance through insureon.

Note: these numbers are only cost estimates. Your actual premiums might be higher or lower.

HOW MUCH IS
General Liability Insurance?

How Much Is General Liability Insurance?

General Liability Insurance is one of the most basic insurance policies – and among the most important for HVAC companies. GL pays for lawsuits about property damage, moisture damage, installation problems, and injuries caused by your work. If improper ventilation leads to a moisture buildup inside walls, you could be sued for damaging a client's home. HVAC General Liability Insurance could cover your legal expenses in this case, including the damages you may owe clients to repair their home.

General Liability Insurance typically costs $398 to $1,204 for HVAC service techs.

Average Premiums, Deductibles and Limits on General Liability Insurance Policies for HVAC Contractors
Name USD

Median policy premium:

$398 - $1,204

Per claim limit:

$1,000,000

Policy limit:

$2,000,000

Median policy deductible:

$1,000

To see how the cost of General Liability Insurance for HVAC contractors compares with other industries, visit Insureon's General Liability Insurance Cost Analysis New browser window icon..

HOW MUCH IS
a Business Owner's Policy?

How Much Is a Business Owner's Policy?

A Business Owner's Policy bundles General Liability with Property Insurance, making it a smart way for HVAC professionals to get a discount on two important insurance coverages. While GL covers a number of common lawsuits, Property Insurance can reimburse your business when its equipment, supplies, and other commercial property is lost due to theft, fires, and other causes outlined in your policy.

The typical BOP starts at $500 for HVAC companies.

Average Premiums, Deductibles and Limits on BOP Insurance Policies for HVAC Contractors
Name USD

Median policy premium:

$500

Per claim limit:

$1,000,000

Policy limit:

$2,000,000

Median policy deductible:

$500

HOW MUCH IS
a Commercial Auto Insurance?

How Much Is Commercial Auto Insurance?

One of the signature items for any HVAC professional is their truck or van. Not only does it help you get from place to place, but by painting your logo and contact information to it, you can market your company. Commercial Auto Insurance protects your business from the cost of auto accidents, including legal expenses and repairs. This insurance is crucial for companies, like yours, that must drive throughout the day to service customer's homes.

To cover your HVAC business, Commercial Auto Insurance typically costs $1,267 to $4,199.

Average Premiums, Deductibles and Limits on Commercial Auto Insurance Policies for HVAC Contractors
Name USD

Median policy premium:

$1,267 - $4,199

Median policy limit:

$1,000,000

Median policy deductible:

$500

HOW MUCH IS
Workers' Compensation Insurance?

How Much Is Workers' Compensation Insurance?

Almost every state requires HVAC employers to have Workers' Compensation Insurance. Because of the physical nature of your work, Workers' Comp is important for protecting you from on-the-job injuries, lawsuits, and settlements. Workman's Comp can pay for an employee's medical bills following an injury, and it even covers some of their salary if they are unable to return to work right away.

HVAC companies can pay anywhere from $391 to $9,061 in Workers' Comp premiums.

Average Premiums, Deductibles and Limits on Workers' Compensation Insurance Policies for Handymen
Name USD

Median policy premium:

$391 - $9,061

Per claim limit:

$500,000

Median policy limit:

$500,000

Median policy deductible:

None

To see how the cost of Workers' Compensation Insurance for HVAC contractors compares with other industries, visit Insureon's Workers' Compensation Insurance Cost Analysis New browser window icon..

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on HVAC Contractor Insurance

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