hvac contractor insurance costs

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How much does hvac contractor insurance cost?

Hvac contractor insurance can cost as little as $50 per month^¹ but the exact price will vary depending on your specific circumstances and needs.^**

The kind of work you do, where you work, how many employees you have and other factors will impact your customized quote.

It’s important to provide the most accurate information about your business to make sure you get the coverage that is right for you, so that your claims are covered by your policy and so that any claim you might make is processed as quickly as possible.^***

What are the coverage and pricing options for hvac contractor insurance?

We offer customized packages to each customer so you can find the coverage that you want. You pay only for what you need.

Hvac contractor business owners like you typically purchase a combination of coverage in their insurance package, including:

General liability — can help protect you if bodily injury or damage to someone else or their property occurs
Workers’ compensation — can help protect you if your employee has a workplace injury or work-related illness
Tools & equipment — can help protect you if your tools are lost, damaged or stolen
Commercial property — can help protect you if you own your own building, lease property or work from home

After you answer a few basic questions with our online instant quote, you can review your options and choose the amount of coverage you want from our Basic, Pro and Pro+ packages.

Continue reading to learn more about how much different types of insurance costs and their coverage limits.

How much is hvac contractor General Liability insurance?

General liability insurance costs 58% of our customers $73 on average per month.

It can help to protect your business from financial losses related to customer injuries, accidental damage to someone’s property and copyright infringement.

Monthly General Liability insurance costs for hvac contractor

Learn more about general liability insurance.

Exploregeneral liability insurance costs.

Most of our customers can expect to pay:

Between $56 and $213 per month.

Per occurrence limit:

$300,000 to $1 million, depending on your policy (“Per occurrence” refers to the most amount of money you’ll receive after a field claim is approved).

Aggregate policy limit:

$300,000 to $2 million, depending on your policy (“Aggregate policy limit” refers to the amount of money your policy will cover, usually about a year).

Deductible:

$0 (a “Deductible” is the amount of money you’d have to pay out of pocket if you made a claim).

How much is hvac contractor Workers’ Compensation insurance?

Workers’ compensation insurance median cost is $290 per month.

Workers’ compensation insurance helps to pay for medical bills and lost wages if an employee suffers an injury on the job.

Workers’ compensation coverage makes it possible for injured employees to take the time they need to recover by helping to pay for medical expenses and lost wages.

Employer liability insurance (ELI) provides additional protection for instances in which the employee decides to sue you for a workplace injury. This is in addition to the medical payments already provided by workers’ compensation. For example, an employee falls off scaffolding because the employer didn’t maintain the safety harness and the employee decides to sue for pain and suffering based on the employer’s negligence.

While in most states workers’ compensation policies include employer liability, in North Dakota, Ohio, Washington and Wyoming it can be purchased as a stop-gap coverage.

Note that the amount you can expect to pay for workers’ comp depends on how many employees you have, your payroll, how your employees are classified as well as your industry.

Monthly Workers’ Compensation insurance costs for hvac contractor

Learn more about workers’ compensation insurance.

Exploreworkers' compensation insurance costs.

Most of our customers can expect to pay:

Median cost of $290 per month.

Workers’ comp no limit:

Coverage and benefits paid out according to state laws. Workers’ compensation helps to cover work-related employee injury, regardless of liability.

Employer Liability insurance (ELI):

Protection for instances in which the employer is liable for the injury to an employee.

Bodily injury per accident:

$100,000 to $1 million, depending on your policy.

Bodily injury by disease(per employee):

$100,000 to $1 million, depending on your policy.

Bodily injury by disease (aggregate):

$500,000 to $1 million, depending on your policy.

How much is hvac contractor Commercial Property insurance?

Commercial property insurance costs 62% of our customers between $33 to $59 per month.

Commercial property insurance can help with replacement costs or repairs to your equipment, inventory and real estate (if you own it) if damage is caused by faulty sprinklers, frozen pipes, a power surge or other covered event.

Since property insurance sets limits based on what you need in a specific situation, coverage is unique to every customer.

Monthly Commercial Property insurance costs for hvac contractor

Learn more aboutcommercial property insurance.

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Most of our customers can expect to pay:

Between $34 and $59 per month.

Deductible:

$1000

How much is hvac contractor Tools & Equipment insurance?

Tools & equipment insurance costs 38% of our customers $36 on average per month.

Tools and equipment coverage (sometimes referred to as Inland Marine insurance) makes sure your gear is protected wherever you take it. This coverage is available as an add-on to our general liability insurance for contractors and cleaning businesses.

Monthly Tools & Equipment insurance costs for hvac contractor

Learn more about tools & equipment insurance.

Explorecontractor tools & equipment insurance.

Most of our customers can expect to pay:

Between $36 and $61 per month.

Blanket equipment per occurrence limit:

$3,000 to $5,000, depending on your policy.

Blanket equipment per item limit:

$3,000 to $5,000, depending on your policy.

Blanket equipment deductible:

$500

Blanket misc per occurrence limit:

$600 to $1,000, depending on your policy.

Blanket misc per item limit:

$600 to $1,000, depending on your policy.

Blanket misc deductible:

$100

How do I get a quote for hvac contractor business insurance?

Start an instant quote. We’ll ask you some basic questions about your business and operations, which we’ll use to create a customized insurance quote.

If you like what you see, you can adjust the package limits to fit your preferences and make your purchase.

Your insurance will begin immediately after payment, and you’ll have access to your certificate of insurance. The self-service tools also allow you to pay premiums, add an additional insured and file claims.

The streamlined process, which can be completed without needing to talk to an agent, makes it possible to purchase insurance in a matter of minutes.

And if you do have questions, our licensed, U.S.-based insurance professionals are ready with the answers.

Start a free instant quote today.

Disclaimers

¹ Based on general liability minimum premium for hvac contractor businesses in Texas. To the extent permitted by law, applicants are individually underwritten, not all applicants may qualify. Individual rates and savings vary. Policy documents govern.

^* Coverage and discount availability and eligibility varies, not available in all states.

^** The cost data presented here are based on NEXT active customers data obtained over the previous 12 months. The price range is based on cost data of equal to or over 51% of NEXT active customers in the U.S. who purchased each respective type of insurance policy. These data should not be considered a substitute for obtaining a quote specific to your business. These data were updated in December 2024.

^*** To the extent permitted by law, applicants are individually underwritten, not all applicants may qualify. Individual rates and savings vary. Policy documents govern. Discounts and savings are available where state laws and regulations allow, and may vary by state. Certain discounts apply to specific coverages only.