HVAC Insurance Cost
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HVAC Insurance Cost
An electric power surge damages expensive equipment. You accidentally put your foot through a ceiling while working in an attic. An employee reports skin irritation after working with a cleaning solvent.
As an HVAC business owner, you’re an expert at keeping homes and businesses comfortable. But how comfortable are you buying insurance to protect your business from potential financial risks?
Let’s break down how much HVAC insurance can cost, what affects the price, and how Simply Business makes getting coverage easier and more affordable.
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How much does HVAC insurance coverage typically cost?
What are my coverage options and what do they cost?
How Much Does HVAC Insurance Coverage Cost?
Depending on your coverages, HVAC contractors pay about $68 per month, or $821 per year.
Here’s a snapshot of what our customers typically pay for HVAC insurance:
HVAC Contractor Insurance Cost per Month1
Under $25
2% of customers
$25 to $95
67% of customers
Over $95
31% of customers
1Data from Simply Business customers specializing as an “HVAC contractor” who purchased at least one or a combination of general liability, tools and equipment, or workers’ compensation policies from July 1, 2024 to December 31, 2024. Reflected price tiers may not include purchase of all available policies under HVAC insurance.
What you pay depends on a few key things, including: the type of work you do, the size of your crew, and the type of coverage you choose. So most HVAC contractors pay less than $95 per month.
These numbers are based on real policies purchased through our site. But getting a great premium isn’t just about the numbers — it’s about working with a partner that understands your business. And because we work with a range of trusted insurers, you’ll see coverage options to match your business, so you can choose a customized package that works for you and your budget.
Coverage Options for HVAC Insurance
There’s no one-size-fits-all policy, but here are some of the common coverage options general contractor business owners typically consider:
General liability
A foundational coverage to help handle costs from third-party accidents, property damage, and bodily injury.
Contractor’s equipment and small tools
Also known as inland marine insurance, this coverage can financially protect tools and equipment, even if they’re in transport or stored offsite, depending on your policy.
Workers’ comp
Coverage to help take care of employees who get sick or injured on the job. Most states require this coverage for small businesses with full- or part-time employees. It also can benefit business owners who don’t have employees.
How Much Does General Liability Insurance Cost?
Based on the general liability (GL) policies we’ve sold to HVAC contractors, the median cost is $55 per month, or about $662 per year. It’s a coverage many small business owners choose as part of their business insurance.
Here’s a snapshot of what our customers typically pay for general liability insurance:
Monthly General Liability Insurance Costs2
Under $25
0% of customers
$25 to $95
79% of customers
Over $95
21% of customers
2Data from Simply Business customers specializing as an “HVAC contractor” who purchased a GL insurance policy from July 1, 2024 to December 31, 2024.
What you pay depends on a few key things, including the type of work you do, the size of your business, and the amount of insurance coverage you choose. But most HVAC business owners pay less than $95 per month for general liability insurance.
To learn more about the cost of general liability insurance, check out our helpful general liability cost guide.
How Much Does Contractor’s Equipment and Small Tools Insurance Cost?
HVAC contractors can expect to pay a median cost of $25 per month, or about $295 per year, for a contractor’s equipment and small tools insurance — also known as inland marine insurance. This coverage can financially protect your tools, equipment, and inventory in your work space, onsite, or while on the way to a job.
Here’s a look at what our customers typically pay for contractor’s equipment and small tools insurance:
Monthly Contractor’s Equipment and Small Tools Insurance Costs3
Under $25
52% of customers
$25 to $95
48% of customers
Over $95
0% of customers
3Data from Simply Business customers specializing as an “HVAC contractor” who purchased a business property/inland marine insurance policy from July 1, 2024 to December 31, 2024.
The cost of contractor’s equipment and small tools insurance depends on the value of your gear and equipment and the type of work you do. But most HVAC contractors pay less than $25 per month for insurance.
To learn more about this coverage, check out our helpful guide to contractor’s equipment and small tools insurance.
How Much Does Workers’ Compensation Insurance Cost?
HVAC contractors pay a median of $127 per month, or $1,524 per year for workers’ comp. Most states require workers’ comp for small businesses with full- or part-time employees –– it can help take care of your crew if they get sick or injured on the job.
Here’s a breakout of what our HVAC owners typically pay for workers’ compensation insurance:
Monthly Workers’ Compensation Insurance Costs5
Under $150
59% of customers
$150 to $250
30% of customers
Over $250
11% of customers
4Data from Simply Business customers specializing as an “HVAC contractor” who purchased workers’ compensation insurance policy from July 1, 2024 to December 31, 2024.
Your workers’ comp premium is calculated based on the type of work your crew performs, your claims history, and your payroll, among other factors. But most HVAC contractors pay under $150 per month.
To learn more about workers’ compensation insurance, check out our helpful workers’ comp cost guide.
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What Affects HVAC Insurance Cost?
If you’ve searched online for the best HVAC insurance, you’ve likely seen no shortage of results or prices — and no explanation why. Insurance premiums can vary, since the cost often depends on several key factors, including:
Type of work you do
Do you handle residential work, commercial work, or both? Are you on roofs and in attics? Do you typically look for small jobs or more large-scale projects? The HVAC work you do can require different types of insurance to cover potential risks and costs.
Location
Where you work plays a role, as rates can differ by state and city due to local regulations, risk levels, and other factors.
Number of employees
The size of your crew typically increases the risk of accidents, which can lead to higher workers’ compensation premiums.
Coverage type & limits
The policies and amount of coverage you choose can affect your overall insurance cost.
Your claims history
Previous claims could push your premium higher, but a clean record could help keep them lower.
Your experience
A business with a good track record can be seen as lower risk, while newer businesses may face higher premiums.
How to Save on HVAC Insurance
Use proper personal protective equipment (PPE), practice safe chemical handling, and ensure proper electrical safety. Always assess the work area, use the correct tools, and be aware of potential hazards such as extreme weather conditions or confined spaces.
If you’ve had claims previously, taking steps to avoid the same type of problems occurring can help improve your skills and minimize risks.
Mark and label your gear properly to deter theft, and regularly inspect and maintain your tools and equipment.
Some carriers offer monthly payments, which you can take advantage of to spread out the cost over the year.
Shop around
Simply Business provides customized coverage options from top-rated small business insurers — all in just 10 minutes. We do all the legwork so you can sit back, compare quotes, and save time and money.
Business Insurance Made Better
A one-minute explanation.
Learn how we’re making finding business insurance fast, easy, and affordable — all in just 60 seconds.
Hi there, we’re Simply Business, and small business insurance is what we do. We work with top insurers who specialize in small business coverage—no one-size-fits-all solutions here. We’ve worked with thousands of business owners like you, so we have a good idea of what different businesses need. We get it: you do one web search, and the results can be overwhelming, and not in a good way. We can save you from that. We’re ready when you are. It takes just a few minutes online—enter some information about your business, and some pretty cool technology shops for great coverage at competitive prices in just seconds. You choose and purchase the coverage that works for you. Not to worry, we’ve got licensed insurance pros to help you over the phone. Then we zip your Certificate of Insurance and other policy documents straight to your inbox. That’s how easy it is to insure your business with Simply Business.
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More HVAC Insurance FAQs
It’s typically one or more policies that can help handle costs that can result from accidentally damaging a customer’s property, having your gear damaged or stolen, taking care of sick or injured employees, and other covered events.
HVAC insurance can help if a client’s property is damaged, your gear is stolen or damaged, or an employee becomes ill or gets hurt.
Yes — insurance premiums are usually considered a business expense. But always check with your accountant for certain.
Whether you’re just starting out or have been an HVAC contractor for years, mistakes can happen. Having proper insurance can help financially protect you from paying thousands of dollars to settle a claim or defend yourself in court.
Whether you need coverage depends on the state where you work, and if you have employees. But even if it’s not required, we recommend getting insured to protect your business financially. And in some instances, clients or landlords may require you to have that before they’ll work with you.
You can get a full quote in about 10 minutes — and an estimate even faster, with just 3 quick questions from us.
The Simply Business Difference
We make small business insurance simple — so you can get covered without the hassle. We’re a digital insurance brokerage. That means we’re not only tied to one insurer. Instead, we partner with a range of top-rated carriers. With one easy form, you can compare quotes and choose coverage that fits your business, your possible risks, and your budget.
No hidden costs. No guesswork. Just clear, affordable options built for small business owners like you — so you can move forward with confidence, knowing you’re not overpaying.
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