Best HVAC Business Insurance

The Hartford leads our rankings for HVAC contractor insurance with a score of 4.52 out of 5, earning perfect marks for coverage options, customer service and financial stability. HVAC businesses pay $163 monthly ($1,961 annually). Compare rates from Nationwide, Thimble, Simply Business and NEXT, our other top-rated insurers, to find the best coverage for your heating and cooling business.

Note: We based all scores on a HVAC business with two employees across professional liability, general liability, workers' comp and BOP policies.

Thimble offers the cheapest HVAC business insurance at $105 monthly ($1,256 annually), ranking first for general liability at $108 monthly and business owner's policies at $166 monthly.

For HVAC contractors needing workers' compensation, NEXT provides the lowest rates at $59 monthly, followed by The Hartford at $60 monthly. The Hartford also leads in professional liability insurance at $73 monthly, the most affordable option for heating and cooling companies protecting against installation errors or design mistakes.

In general, HVAC business insurance costs are the following for the four most popular coverage types:

• General Liability: $246 on average per month, ranging from $214 to $287, depending on the state
• Workers' Comp: $63 on average per month, ranging from $54 to $73, depending on the state
• Professional Liability (E&O): $81 on average per month, ranging from $71 to $95, depending on the state
• BOP Insurance: $361 on average per month, ranging from $311 to $422, depending on the state

HVAC contractors face unique risks daily, from workplace injuries during furnace installations to liability claims from system failures. Required coverages for HVAC contractors often include workers comp (if you have employees), commercial auto insurance, general liability insurance (often contractually) and surety bonds (for some clients). Optional coverages worth considering are tools and equipment coverage and cyber insurance (if you manage client data).

Use our step-by-step approach for getting business insurance your HVAC business needs at rates that fit your budget.

Protecting your HVAC business starts with the right coverage types. General liability, workers' compensation, commercial auto and professional liability insurance guard heating and cooling contractors against job site accidents and installation errors. The Hartford provides the best business insurance for HVAC companies, earning top marks for customer service and coverage options. HVAC contractors watching their budget can get the cheapest business insurance through Thimble at $105 monthly.

We answer frequently asked questions about HVAC business insurance:

We selected the best business insurer for HVAC companies based on the following criteria:

• Affordability (50% of score): The lower a company's costs compared to the competition based on our base profile for four core coverage types, the better the company performs.
• Customer service (30% of score): We scored providers on overall customer satisfaction using industry studies, customer review forum ratings and public forum sentiment analysis from sites like Reddit.
• Coverage (15% of score): We scored business insurance providers for this category based on the flexibility, payment and actual coverage options.
• Financial stability (5% of score): Using financial stability industry ratings from companies like AM Best and Moody's, we created an overall rating to judge how likely companies are to pay out claims compared to the competition.

All pricing in this article is based on the following base profile to represent the vast majority of small businesses in all states:

• Three-person business with two employees
• Coverage: $1 million per occurrence and $2 million total per year for all but BOP, which includes the same coverage plus $5,000 of business property coverage
• $150,000 in payroll
• $300,000 annual revenue