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HVAC – Heating, Air Conditioning & Ventilating Contractor  Insurance 

 

 

 

 

 

Cheap General Liability Insurance for Ontario HVAC Technicians & Contractors

HVAC Commercial General Liability Insurance And so much more

HVAC contractor Building Insurance 

HVAC Contractor Stock, Contents, installation floater and Equipment Insurance

HVAC Contractor Interruption Insurance 

HVAC Contractor Crime Insurance Coverage 

HVAC Contractor 

Equipment Breakdown Insurance

HVAC

Commercial Liability Insurance (CGL) 

What iS HVAC Contractor Insurance?

If you are wondering what HVAC insurance is- it can be simply described as commercial liability protection in case of lawsuits arising from bodily injury or property damage.  This HVAC contractor insurance policy is a commercial liability insurance product that provides protection in the event damages or losses result from negligence or faulty HVAC work within a residential, industrial or commercial premises causing bodily injury or property damage. Tradition Mutual Insurance Company is an insurance company HVAC contractors across Ontario trust. Let us protect your HVAC business today.

WHAT DOES HVAC

INSURANCE COVER? 

The most common types of insurance polices for HVAC contractors are: 

Commercial General Liability Insurance (CGL) 

CGL provides liability protection for contractors in case of lawsuits arising from bodily injury of property damage. 

Equipment and Tools Insurance

Coverage for your tools and equipment, the property of other sin your care and transportable business tools from loss damage and theft. 

WHAT IS THE

COST OF HVAC 

INSURANCE?

Tradition Mutual Insurance 

Company offers competitive contractor packages to fit your needs. 

For a CGL policy with $2,000,000 liability coverage, non-owned auto protection, tenant legal liability, commercial contents/tools, crime coverage, income replacement insurance, our packages start at $725/year. 

DO I NEED HVAC CONTRACTOR INSURANCE?

If you are an individual or business providing contracting services in the province of Ontario, you should get a comprehensive contractors insurance policy that covers your tools, legal expenses and liability for property damage and bodily injury coverage.

Not only will a CGL policy protect you in the case of a loss or legal battle but it is also required by many clients and general contractors subcontracting out work. 

Why Should Kyle Wijnands Service your Commercial and residential HVAC CONTRACTOR Insurance Policy? 

Same Day Service

 In most cases, Ontario HVAC technicians can set up a contractor insurance policy through Kyle within 24 hours. 

Save up to 40% 

Many HVAC contractors have been thrilled to have Kyle save up to 40% on their contractors insurance policies with Tradition Mutual Insurance.  s!

Expert Advice

You won't be reaching a a call-centre. When you call Kyle at 519-393-3246, you are guaranteed to take advantage of a years of industry experience. 

Cheap HVAC Contractors insurance is great but professional service from someone who drives and deal with clients where you live- That's the mutual difference. 

Kyle get’s it. As an Ontario HVAC contractor, you want cheap HVAC insurance. Prices everywhere are going up and why get gouged on your heating, ventilation and air conditioning contractor business insurance as well? Tradition Mutual Insurance Company understands that it’s more than just getting cheap HVAC business insurance, it’s about getting someone servicing your commercial insurance file that knows who you are each time you call and lives in your area or has connections near you. Kyle and his team at Tradition Mutual Insurance will be sure to be standing by when you call or email about CGL policy questions or an HVAC insurance claim.

We get it- shopping for HVAC contractor insurance can be a pain. Our turnaround time is quick and thorough. Kyle and his team will review your existing HVAC contractor insurance needs and make sure you have the right coverage that fits your unique situation. A one size fit's all approach doesn't work when setting up your Ontario HVAC contractor insurance. Get a quick business liability insurance quote today and let Kyle place you into a commercial policy that best suites the needs of your HVAC contracting business. 

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HVAC Contractors

 Liability Insurance 

Many homeowners and business owners throughout Ontario Canada have appliances such as a boiler, furnace, air conditioner or heater that needs repairs. At the same time home and business owners are becoming more savvy when looking for a appliance repair or installation service-person and may request proof of insurance or WSIB coverage before they sign a contract or let you on their premises. We receive numerous calls from HVAC contractors who are looking for HVAC insurance coverage because their clients are requiring proof of insurance before starting a job. 

Commercial General Liability - This portion of an HVAC contractor insurance policy protects you as a heating and AC contracting business owner against if you cause property damage or bodily injury. The CGL policy also covers you for defense costs.

 

Let's say a commercial or residential customer accuses you of damages to their property as a result of accused negligence. One of your employees scrapes the the side of their sports car while on the construction site. One of your clients is injured while at your business. These are examples of a instance when a liability insurance claim could be triggered. Commercial general liability insurance is designed to protect you as the business owner and your business assets for potential lawsuits resulting from third party bodily injuries, advertising liability and third party property damage.

 

These types of claims or losses would arise from your business operations on of off your business premises or products that you distribute/manufacture. Tradition's commercial general liability coverage protects you for the legal costs to defend you and your business in court as well as the compensatory costs the are required to be paid to the third party for the damages. 

As an HVAC technician, you face a wealth of risks. You may feel that you provided ultimate service for your client but that doesn't meant that the client won't accuse you of negligence causing damages.  If you unknowingly damage the clients property or the HVAC work causes a problem at a later date, you may be deemed responsible. HVAC contractor companies are always at risk of being sued by their clients and you’re no different.

The HVAC work may eventually cause a house fire and their insurance company is looking to find probable cause elsewhere. Do not be surprised if your business is served in a lawsuit. It is best business practice to close the gaps in risk for your HVAC contractor business. Don't delay. Click "get a quote" and provide some details about your business so I can reach out to you and ensure you are properly covered today! 

 

Tenant Legal Liability  Insurance- This portion of an HVAC commercial insurance policy protects against certain damages to leased premises. 

Non-owned automobile Insurance- This portion of a CGL policy provides insurance if an employee occasionally drives his or her personal vehicle for business purposes and your business is pulled into an auto related insurance lawsuit as a result. 

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HVAC contractors

Vehicle Insurance 

The provincial government of Ontario requires that HVAC contractors have mandatory automobile coverage on their commercial fleet or business vehicles. Even if your personal vehicle is partially use for business purposes, your auto policy should be rated accordingly. A breakdown of the automobile insurance coverage offered by Tradition Mutual Insurance is as follows:  

Third Party Vehicle Liability - This mandatory auto coverage protects you or your business if you are responsible for a third party's injuries or property damage. Typical limits for this coverage are 1 million 2 million or 5 million. 

Direct Compensation Property Damage (DCPD) - This mandatory auto coverage protects your business vehicle when you are partially at fault or 100% not at fault. This particular auto coverage allows you to deal with Tradition Mutual Insurance directly instead of suing the driver or going after the 3rd party insurance company to recover your damages.

Accident Benefits - In the event you or the occupants of your work vehicle are injured this mandatory auto coverage protects you regardless of fault.  

Collision or Upset - This optional coverage provides you as a business owner the coverage for your vehicle caused by impact with an object such as a tree or a third party vehicle. This coverage also applies if your vehicle flips over for any reason. 

Comprehensive - This optional coverage provides you as a business owner the coverage for your vehicle caused by a loss other than collision or upset. Losses such as hail, vandalism, fire, theft, flood or even being dumped off a ferry to lighten the load in the event of a storm would be provided under this coverage.

All Perils - This optional coverage combines collision/upset and comprehensive and offers added protection for theft of your commercial vehicle for an employee who has access to the vehicle.

Tradition's Added Protection - Tradition Mutual Insurance offers optional business vehicle coverage such as vehicle replacement coverage called the OPCF20 which gives you commercial rental vehicle after an insured loss of your vehicle while it is being replaced or repaired. We also offer accident forgiveness coverage which guarantees that your commercial auto insurance premiums will not increase to your renewal as a result of your first chargeable at fault loss involving your business vehicle. This coverage can be added for each vehicle in your commercial fleet for each primary operator of each business vehicle. 

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HVAC contractor

Property Insurance 

 

As a commercial, industrial and residential HVAC contracting company, whether you own, rent, or lease a building, a commercial property insurance coverage is very important. The following is a brief overview of the types of physical damage coverage you should consider having a business owner. 

Building Insurance- If you own a building used commercially, this policy is designed to provide coverage for a variety of perils such as fire, smoke, wind, vandalism, etc. 

 

Content Insurance - This portion of a HVAC commercial insurance policy protects your physical assets of your business including stock, equipment, software, furniture, machinery and tools. Perils include fire, water damage, vandalism or theft. 

Crime Insurance - This portion of a HVAC insurance policy protects you for actual money loss due to theft such as employee dishonesty.

Business Interruption Insurance: If you need to temporarily shut down your HVAC business due to a claim, Tradition's business interruption insurance covers the income you have lost as a business during the time it takes to restore your operations back to what they would normally be. Commercial interruption insurance is essential to ensure that the bottom line of your business doesn't take a hit in the event of a insured loss. 

Equipment Breakdown Insurance- This part of a HVAC insurance policy provides you as a business with coverage to repair or fix equipment that breaks down to mechanical or electrical malfunction.

Water Protection InsuranceSewer back-up and drain backup coverage is available for your building and commercial contents in the event of damage caused by the backing up or overflow of water from within sewers, sumps, septic tanks or drains. The coverage can also be extended for damage that fall into the peril of catastrophic flooding. 

Earthquake Insurance Earthquake coverage is available upon request in the case of damage to your building or contents resulting from an earthquake.

Google Verified Insurance Reviews

John Brookshaw

"We have been with Tradition Mutual Insurance for 60 plus years Kyle is one of the BEST agents we have ever had Full marks on everything!"

Corey H.

"Kyle was very professional and easy to talk to. He explained everything in full detail taking the time to go the extra mile and find me an even better deal. Definitely recommend!"

Jeff Moore

"Kyle is one of the nicest guys I have ever dealt with. Kind, courteous and willing to go that extra mile. If I could, I would give him a 6 out of 5 stars. Kyle is worth changing your insurance company."

Frequently Asked HVAC

Insurance Questions

How Long Will it Take to Get HVAC Contractors Insurance?

Before you’re able to get general liability insurance for your HVAC business, I will first need to qualify that you fit into our underwriting criteria. After you complete your request for a quote, I will call you to collect all of your experience in the field of contracting, business insurance history as an HVAC contractor, contractor installation floater details, contractor tools, contractor WSIB information for any employees you may have, liability limits and deductibles, contractor business interruption coverage needs, annual contractor gross receipts, commercial locations that you rent/own, locations that you occasionally rent for our tenant's legal liability coverage and the need for liability for non-owned auto coverage. If your commercial coverage needs falls into one of our extensive contractor insurance packages, I could have coverage bound for you in as quickly as 20 minutes. 

 

 

Why Do I Need HVAC Insurance?

There are a variety of practical reasons why a HVAC contractor needs a contractors insurance policy. First of all, a commercial general policy covers the costs that can arise from property damage, liability lawsuits and defense costs in the event of an insured loss. Here are some additional reasons why Tradition Mutual Insurance Company often provides commercial insurance for HVAC technicians:

  • HVAC Contractor Insurance and a commercial lease - Many contractors rent or lease an office or showroom. In such cases, the landlord offering the lease typically will require that you have commercial general liability insurance (CGL.) This type of coverage protects your business against allegations of personal injury or property damage to a third party for which your business is found legally responsible. The business offering the lease wants to ensure you have coverage to ensure they are not drawn into a lawsuit.  

  • HVAC Contractor Insurance and Tradeshows - Business insurance is an important factor in networking and advertising your services or products. Many tradeshows, convention centres, farmer’s markets, job fairs and company gathering venues will request that a business provide proof of insurance for a certain minimum amount of coverage (typically a 2 million CGL policy limit or proof of tenant legal liability) before being permitted to have access to the event or location.

  • Ontario Customers Requesting Proof of HVAC Contractor Insurance -Ontario customers are becoming more and more savvy. Customers hear the horror stories through social media of a commercial business or HVAC contractor that offers a service or product that didn’t have commercial insurance and the consumer was left footing the cost for physical damage or bodily injury. A certificate of liability insurance can make your business much more credible to Ontario consumers and includes coverage/liability limits, HVAC insurance company name, policy number, effective/expiry dates. 

 

 

Does a HVAC Contractor Really Need Contractor Insurance?

 

All Ontario startups and HVAC contractors should have business insurance. HVAC insurance is critical for the long-term financial success of an HVAC contractor business. Something can always go wrong and a small mistake causing bodily injury or property damage to a 3rd party can cost thousands of dollars. Many general contractors will require that you provide proof of commercial general liability insurance prior to going on a jobsite. Many HVAC contractors would agree that HVAC insurance is essential for anyone who owns a heating and air conditioning repair business because it covers the costs that can arise from property damage, liability lawsuits and defense costs in the event of a loss.  Without HVAC insurance, an HVAC contractor would have to cover the damages and legal costs made against their company out of pocket.  

 

 

 

Can I Do without HVAC Insurance?

If you are not required by a commercial landlord, municipality, city, consumer or another business to have an HVAC insurance policy, there are a few other questions that an HVAC contractor should consider to make sure you are 100% confident that you don’t need HVAC insurance coverage. 

As a HVAC  business, you face a wealth of risks. You may feel that you provided ultimate service for your client but that doesn't meant that the client won't accuse you of negligence causing damages.  If you unknowingly damage the clients property or your work causes damage or bodily injury at a later date, you may be deemed responsible. HVAC businesses are always at risk of being sued by their clients and you’re no different.

 

  • Does my HVAC business have enough money or assets available to rebuild my business if it should experience a catastrophic water, wind, fire or smoke claim.

 

  • Does my HVAC business have enough money or assets available to defend itself to settle a liability lawsuit?

 

  • In the event of an insured loss, how many months can my HVAC business go without business income while still meeting my financial obligations.

 

 

 

What is the Cost of HVAC Contractors Liability Insurance?

Many contractors wonder "How much does contractor insurance cost?" As a commercial, industrial and residential HVAC technician, you want to make sure you can find the cheapest and best commercial insurance option. Prioritizing costs is normal in this uncertain economic climate. If you are simply wanting 2 million commercial general liability (CGL) and nothing more, your policy could be around $500 a year. If you are wanting a package option including some contractor business interruption coverage or content and equipment coverage, your policy could be closer to $725 a year. The type of commercial policy will cause these costs to vary. Depending on your HVAC business, a number of factors determine the cost of your business insurance such as:

  • The industry that you work in as an HVAC technician 

  • The years of experience in that particular part of the

       contractor industry

  • Yearly revenue of your HVAC business

  • Past HVAC insurance claims and insurance history

  • Coverage limits and HVAC insurance deductibles

  • Risk exposure. ie policy such as the kind of stock, building type, territory etc.

  • If you're bundling your policy with commercial HVAC auto insurance for your

       contractor business

  • If your quote factors in paying yearly or monthly  

 

 

To get a free, no-obligation quote to determine the cost of your contractor business insurance, give Kyle Wijnands at Tradition Mutual Insurance a call at 519-393-3246 today.

 

 

 

 

 

Do I Need Contractors Insurance as an Independent HVAC Contractor?

Many HVAC contractors mistakenly believe that they do not need insurance. However, as an independent HVAC contractor you still engages in a level of risk each and every time you do work in a client’s home. Something can always go wrong and a small mistake can cost thousands of dollars. Many general contractors will require that you provide proof of commercial general liability insurance prior to going on a jobsite.

 

What Does HVAC Insurance Cover my Business For?

  • Property insurance: Coverage built into a HVAC contractors insurance policy for damage to your business property including stock, equipment, contents and buildings.

  • HVAC Contractors General Liability Insurance: Coverage built into a electrical insurance policy for bodily injury or property damage to a 3rd party.  

  • Business Interruption Insurance: Coverage built into a HVAC contractors insurance policy for lost income due to physical loss or damage to your business assets as a result of an insured peril.

  • Crime Insurance: This includes inside or outside robbery coverage, money and securities protection. An electrical insurance policy can also chose to have employee disappearance, destruction and dishonesty coverage as well.

  • Commercial additional agreements: Additional coverages built into a HVAC contractors insurance policy. Please contact Kyle Wijnands for a summary of these coverages.

  • Equipment Breakdown Insurance, Flood Insurance, Earthquake Insurance and Sewer/Sump/Drain Backup Insurance is available for purchase under a contractors insurance policy.

How Do I Know What Type of HVAC Insurance is Necessary?

HVAC contractors, just like paintersflooring contractorsrenovation contractorswindow installersfence and deck contractors and roofing contractors are all contractors who have a duty of care to their commercial and residential client's premises and are at risk of being sued. This duty of care ensures that no harm or damage results to persons or property as a result of the contractors actions or inaction. In tort law, if a mason does not fulfill their duty of care responsibilities while working on a building, the contractor is at risk of being sued for negligence. If a faulty installation causes collapse, fire or injury a mason is likely to be sued. Contractors insurance is designed to protect brick and stone masonry businesses from damaging lawsuits relating to negligence or improper work. General liability could mean the difference between forced liquidation and remaining in business. No two contractors businesses are the same. Whether you are a HVAC contractor, framer, painter, handyman, general contractor, electrician or plumber, your contractor business is unique. When you call Kyle Wijnands, he will personally assess your business insurance needs to make sure you have a contractor insurance package that fits your unique needs. His thorough risk assessment of your business is free and there is no-obligation. Give him a call at 519-393-3246 today.

 

What is Commercial and Residential HVAC Contractor Equipment Insurance?

As an Ontario HVAC contractor, it is likely that you own tools and other equipment that are quite expensive. HVAC contractor equipment insurance and HVAC tool floater insurance is designed to protect this equipment in the event that it is damaged or stolen. To discuss what’s covered and not covered under your HVAC contractor insurance policy, please reach out to Kyle Wijnands at 519-393-3246 to discuss.

 

 

What is HVAC Business Interruption Insurance?

Ontario HVAC Contractor business interruption insurance covers you as an HVAC technician for loss of income from the business as a result of an insured loss. It ensures that perils such as fire, smoke, flooding, vandalism or theft don’t keep you from losing the potential of making an income.

What are your servicing areas for Ontario Commercial and Residential HVAC

 Contractors?