As an HVAC technician, you face a number of challenges on the job, but you shouldn’t have to worry about your business. Make sure you’re protected with the right insurance to keep your business covered.
What does an HVAC technician need to make sure their business is protected?
Merchants has you covered with our MAP® Contractors Package designed for contractors! A few of our automatic coverages that you need to protect your business include:
Commercial General Liability Insurance
Also called general liability (or GL) insurance, this helps protect your business from third-party claims involving bodily injury and property damage. For example, this coverage protects you if a customer is injured in your business office or you damage a customer’s property while working at their site.
Some of the included GL coverages are:
Blanket Waiver of Subrogation
Merchants agrees to not seek recovery from a third party with whom you have a written contract that requires us to do so.
Primary and Non-Contributory
When required by written contract, coverage provided to an additional insured is on a primary basis and Merchants will not seek contribution from the additional insured’s own policy.
Employment Practices Liability (EPL)
EPL coverage protects you against claims of discrimination, sexual harassment and wrongful termination.
Inland Marine Insurance
Contractors Equipment Coverage
Protects your equipment and valuable tools, such as headlamps, cutters, drills, and includes coverages such as rented equipment and employee tools and clothing, with various limits.
Protects your property such as materials, supplies and fixtures intended to be installed, while at the job site, in temporary storage or in transit.
Need Additional Coverage?
Merchants also offers Optional Coverages to complete your HVAC Insurance policy. While MAP® Contractors Package provides comprehensive included coverages for your business, you may want to add additional coverages, such as:
Additional Insured Options – Blanket or Scheduled
Provides liability protection for the additional insured under the named insured’s policy.
Contractors Errors and Omissions Coverage (Not available in Vermont)
Contractors Errors & Omissions (E&O) coverage is protection for claims when a contractor’s work is allegedly faulty or defective, and is installed or incorporated into other products or property causing a loss associated with the replacement or reworking of the defective work.
Cyber Liability Coverage (Not available in Vermont)
This provides comprehensive data security and privacy coverage that address both first party losses and third party liability claims, expert claims handling and breach response services in the event of a suspected breach, and a risk management website which provides information, guidelines and tools to help mitigate risk before a breach occurs.
Commercial Property Insurance
This covers your property such as buildings and/or their contents when damage is caused by a covered cause of loss such as fire.
Building and Business Personal Property Coverage
When Building and/or Business Personal Property Coverage is written, some of the included property coverages are:
Business Income and Extra Expense
Provides reimbursement of net lost business income and continuing normal operating expenses, including ordinary payroll due to the suspension of your business operations from a covered loss.
Equipment Breakdown Coverage
Equipment Breakdown coverage responds to the cost of repairing or replacing mechanical, electrical or pressure systems equipment that suffers a breakdown. Covered property can include compressors, pumps, computers, and boilers.
Provides coverage for loss of or damage to Communication Equipment used in your business from any of the covered causes of loss. Communication Equipment includes, but is not limited to, cellular / mobile telephones, pagers, and personal digital assistants (PDAs).
Money savings discounts for:
Multi Policy Discount on the Contractor’s Policy with a companion Commercial Auto or Workers’ Compensation policy.Payment Options