HVAC Contractor Insurance in Vermont

What is HVAC Contractor Insurance?

The heating and air conditioning industry is full of opportunity, but there are certain risks that come with that opportunity. From liability to property perils, HVAC contractor insurance helps Vermont businesses in this industry protect themselves from a variety of risks that they’re exposed to.

HVAC contractor insurance is specialized commercial insurance for HVAC service providers. So that policies can meet multiple risk mitigation needs, these policies normally come as package policies that combine coverages together.

What Vermont Businesses Should Have HVAC Business Insurance?

Most Vermont HVAC service providers should consider HVAC business insurance. Businesses can be dangerously exposed to risk if adequate insurance isn’t in place, and this tends to be the most appropriate type of policy for these businesses. In particular, the following businesses may want an HVAC business policy:

Residential HVAC service providers
Commercial HVAC service providers
Air conditioner and furnace retailers
Air duct cleaners
HVAC technicians who work as sole proprietors

In some cases, businesses provide HVAC services alongside other services (e.g. plumbing or electrical work). These businesses should work with an insurance agent who specializes in HVAC business insurance, to determine whether this or another insurance option is best for them.

Are Technicians Covered by Their Employer’s HVAC Insurance?

HVAC service providers generally carry insurance that extends to their employees, so long as the employees are performing work that’s within their normal scope of duties. Therefore, technicians who only work for any employer usually don’t need to purchase their own policy.

When technicians moonlight on their own, however, their employer’s coverage is unlikely to cover this additional work. Any work that’s done outside of a normal job may require an additional HVAC business policy. An experienced agent can check whether an employer’s policy would provide coverage in a specific situation.

Mike Bancroft is simply an amazing agent. When my business got burglarized, I was so upset and didn't know what to do. I contacted Mike and he was very prompt in calling me back and he put my mind at ease. He made me feel so much better and handled all of the paperwork immediately. His customer service is top notch and I highly recommend him to be your insurance agent!

Becci Kepnes-Letourneau

Our business was with the same trusted agent for over 20 years. Mike Bancroft offered to evaluate our policies and see if he could save us some money on both Workmen's Comp and general liability. He did, and in the process even moved us to better coverage. Mike also offers a superb quality of service. Cannot recommend highly enough.

StoryWorkz Creative

Mike Bancroft has been great to work with. He has assisted with my Business Auto, Tool Coverage, Homeowners and all other types of insurance needs. I wouldn't be surprised if they change their name to Paige, Campbell & Bancroft soon!

Lance Garrett

Extremely prompt, personable, and professional service! Despite only needing a workers' comp policy for one employee, Paige & Campbell was very receptive and ensured to shop my policy around to ensure I received a great price that was almost half of what another broker quoted me.

Jennifer L.

What Coverages Are Included in HVAC Business Insurance Policies?

HVAC business policies normally come with a variety of coverages that offer a combination of property and liability protections. While the exact combination of coverages can vary, many policies offer protections like the following:

General Liability Coverage, which often covers common accidents, defamation lawsuits and false advertising suits
Commercial Umbrella Coverage, which often covers expensive lawsuits with a secondary layer of protection
Commercial Property Coverage, which often covers owned facilities, and tools and equipment while at a business’ facilities
Contractors Tools and Equipment Coverage, which often covers tools against theft and/or damage
Inland Marine Coverage, which often covers tools and equipment as they’re moved between job sites
Commercial Auto Coverage, which often covers owned vans and trucks

How Much Does HVAC Business Insurance Cost to Purchase?

Premiums for HVAC business policies are based on numerous factors, and they vary for this reason. A business’ location, size, services offered and claims history are just a few of the items that can impact cost.

Even with variances among policy premiums, however, this insurance tends to be affordable. It’s almost certainly more affordable than the potential cost of a major claim.

How Can HVAC Service Providers in Vermont Get HVAC Contractor Insurance?

For assistance with insuring a heating or air conditioning business that’s located in Vermont, speak with the independent insurance agents at Paige & Campbell Insurance. Our agents can help you compare quotes from multiple insurance companies since we’re an independent agency, and we’ll walk you through the various options so you can select the best available option. With our agents' assistance, you can be confident that your chosen HVAC contractor insurance policy provides quality protection for your business.