General liability insurance – This policy covers basic third-party risks, such as damage to a client’s home while moving HVAC equipment. Bundle with commercial property insurance for savings in a BOP.

Workers’ compensation insurance – Workers’ comp is required in almost every state for residential and commercial HVAC businesses with employees. It covers medical costs for work injuries.

Commercial auto insurance – This policy covers property damage and injuries involving HVAC company vehicles, as well as repairs to vehicles damaged by vandalism or weather.

Contractor’s tools and equipment insurance – This policy helps pay for repairing or replacing an HVAC contractor’s psychrometers, multimeters, and other tools if they are lost, stolen, or damaged.

Several factors will have an impact on insurance costs, including:

A) Installation services offered

B) Business equipment and property

C) Revenue

D) Location

E) Number of employees