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 that have 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 repair or replacement of an HVAC contractor’s psychrometers, multimeters, and other tools if they are lost, stolen, or damaged.