HVAC contractors are critical to maintaining heating, ventilation, and air conditioning systems, but their work comes with significant risks. Whether installing a new HVAC system, repairing existing units, or handling refrigerants, contractors must be aware of the exposures that can impact their business operations.
Common Risks for HVAC Businesses
- Auto Liability & Fleet Risks – HVAC technicians travel between job sites daily, increasing the chance of vehicle accidents. Without proper commercial auto coverage, an accident could lead to significant repair, medical, and liability expenses.
- Property Damage & Equipment Loss – Fires, natural disasters, and theft can damage critical HVAC tools, equipment, and office supplies, resulting in costly business interruptions.
- Equipment Breakdown & Business Interruptions – HVAC businesses rely on specialized tools such as refrigerant recovery machines and pressure gauges. If these break down, projects can be delayed, leading to lost contracts and revenue.
- Environmental Liability – Refrigerants and chemicals used in HVAC work can cause pollution if not handled properly. A spill or improper disposal could lead to regulatory fines and legal action.
- Employee Safety Risks – HVAC workers often face burns, electrical hazards, falls, and musculoskeletal injuries from lifting heavy equipment. Proper safety training and workers’ compensation coverage can reduce the impact of workplace injuries.
- Crime Risks – HVAC businesses must protect against equipment theft, fraud, and employee dishonesty by implementing security measures and financial oversight.
How to Protect Your HVAC Business
- Obtain commercial auto, general liability, and workers’ compensation insurance.
- Train employees on electrical and chemical safety to prevent injuries.
- Implement security measures to protect equipment and tools.
By taking proactive steps, HVAC contractors can reduce risks, avoid costly claims, and keep their businesses running smoothly. Contact McHugh Insurance Group for tailored coverage solutions.
Posted in Business Insurance