Commercial liability insurance covers onsite accidents, property damage, and bodily injury resulting from negligence. It is required in order to sell HVAC services in Texas.
Professional liability insurance protects the policy holder from lawsuits relating to faulty advice. Perhaps you told a customer they only needed a 5-ton unit on their home, but the house really needed a larger unit, requiring all new ductwork and a big expense.
Commercial auto insurance covers vehicles in the event of an accident on the way to a job site. Commercial property insurance can cover expensive equipment, tools, and supplies. As one HVAC business owner wrote in an online forum, the problem with putting your company name on your vehicle is you might as well add a sign saying, “lots of tools on board.” Commercial property insurance covers loss due to theft, fire, or vandalism.
HVAC workers face the risk of electrocution and exposure to air hazards, as well as more routine accidents. Workers’ compensation helps pay hospital bills and other medical costs of workers and even owners injured on the job. Even if you are the only employee, could you make money if injured on the job? Then, you need HVAC Contractor Insurance.