HVAC Insurance is Necessary to Protect against Potentially Devastating Claims
When a heating system or cooling system fails to function as expected, that homeowner or business owner will likely experience a high degree of stress/anxiety. Although these systems could break down at various times of the year, it often seems that furnaces and air conditioners wait for the coldest and warmest days respectively to malfunction or, as some would say, to go on the fritz.
Whenever property owners are inconvenienced by uncomfortable indoor conditions, they not only want the temperature and airflow restored to acceptable levels, they want them restored immediately. So, as soon as a heating, ventilation, and air conditioning (HVAC) service person arrives at their door, their unease begins to dissipate, as they anticipate a resolution to their discomfort in short order.
Unfortunately, service calls do not always go as planned or desired; sometimes, despite their best efforts and intentions, HVAC contractors and/or their employees could end up facing the risk of liability due to the possibilities of:
- Gas leaks
- Personal injury
- Property damage
- Equipment damage
Consequently, rather than rectifying the situation and appeasing the client’s concerns, an onsite service call can actually leave a contractor vulnerable to legal action; this is why having HVAC insurance is non-negotiable. Any small business should have insurance in place and HVAC-related businesses are not exempt; because of the types of service that these contractors provide, they must have appropriate liability insurance to protect their employees, their assets, and themselves from potentially-crippling claims.
There are in fact several reasons why HVAC contractors should have insurance coverage; these would include:
- Protection against theft or loss of tools, equipment, and company vehicles
- Customers are more likely to hire contractors who are insured and licensed
- Other contractors/builders may want proof of insurance for collaborative jobs
- Coverage/support for financial costs incurred as a result of on-the-job injuries
- Flexibility to add coverage for other contractors/sub-contractors on certain jobs
Accordingly, the advantages of having HVAC insurance would therefore be applicable to:
- Commercial HVAC contractors
- Home improvement contractors
- Residential HVAC repair technicians
- Those who work as HVAC subcontractors
- HVAC specialists who hire these subcontractors
The risks for a contractor to operate a business without liability insurance are simply too great. When one adds the potential risks associated with HVAC services to the equation, one incident could have devastating consequences for those lacking insurance coverage.
HVAC Insurance Coverage Designed for the Specific Needs of Your Business
For independent contractors or small business owners, their immediate priority should be revenue generation, and rightly so. This can often mean, however, that other important facets of the business, like shopping for insurance, might not receive their due attention.
The experienced insurance brokers at Petley-Hare Limited can support professionals such as HVAC contractors in securing adequate and appropriate insurance coverage relative to their business needs. This includes helping these contractors determine the specific type of coverage they need based on the following parameters:
- Clientele – residential, commercial, or mix of both?
- Services – installations/replacements and/or repairs?
- Risk Assessment – based on the extent of the services
With the above information in hand, Petley-Hare can recommend the solution that offers the greatest benefits in terms of HVAC insurance coverage for the specific business. And to make matters more convenient, Petley-Hare offers an online HVAC Insurance Quote Tool that allows contractors to quickly identify their coverage options from their home or office.
For additional information on the support available from the expert insurance brokers at Petley-Hare Limited with respect to HVAC and contractor liability insurance, please visit
Looking to obtain/revise the HVAC insurance and/or liability insurance for your business in Durham Region? Call Petley-Hare Limited today at 1-800-216-5324 to speak with one of our insurance experts or contact us to request a no-obligation consultation.