In the business world, time is money, and time lost due to equipment failure can be very expensive. Even though you might think most equipment breakdowns are singular in nature such as one computer crashing, in reality, you could be facing a breakdown of your entire computer system or HVAC or refrigeration system due to a power surge or short-circuit. That is where equipment breakdown insurance steps in, to protect you financially from lost time, lost product and/or lost revenue due to equipment failures. There are different coverages available, so we can specialize your position in order to obtain the best discounts on HVAC insurance in Tennessee
Proper insurance coverage also helps your business deal with emergencies that can happen while conducting business. This includes injuries, property damage, and equipment failure. Here are a few coverages you may want to consider to protect your HVAC business.
HVAC contractors need general liability insurance to protect assets if they’re sued. Understandably, many clients and contractors won’t work with you unless you have it as it shows you’re willing to provide a guarantee should something go amiss.
Regrettably, things can go wrong. Accidents or injuries can occur, and you could find yourself in court. Fortunately, general liability insurance protects your business from the costs associated with a customer, visitor, or sub-contractor lawsuit for property damage and personal injuries. It pays for a legal defense, and a judgment if you’re found responsible.
It also protects you from customer claims for slander, copyright infringement, libel and other actions that violate a person’s rights or their business reputation.
Unfortunately, HVAC businesses operate in an environment where lawsuits occur often and a single lawsuit could easily cripple or destroy your healthy business if you do not have adequate general liability insurance.
Your traditional business insurance covers you in the case of fire, flooding, and liability things such as a customer or vendor injury on your property. General liability insurance also covers damages to your property or a client’s property by an employee. On the other hand, it does not typically cover equipment damaged by employees to a client’s computer system. For example, a virus that causes a complete or partial loss of data. In this example, equipment breakdown insurance could cover the labor costs to recover or rebuild your lost data, as well as any lost time or revenue until you are back up and running.
HVAC contractors face many unique risks they need to address to protect their business. You probably have many assets including your workers, equipment, vehicles, and tools. Without proper coverage, you’re putting it all at risk, unnecessarily.
HVAC Installation Coverage
Often times, an HVAC contractor transports, fabricates, and installs equipment on the job site. We can add an installation floater to your policy to cover your owned and non-owned property while you’re working on a job site. This floater can also cover materials transportation to and from the job site to ensure you don’t pay out-of-pocket for unintentional damage.
HVAC Contractor Workers’ Compensation
With over 20-years of experience, AmeriAgency business and workers’ compensation requirements. With access to a number of carriers, you’re sure to receive the best value for your insurance dollar. Let us help you control risk and minimize loss.
For more information, call us at 1-888-851-5572. If you would like to receive a fast and free quote, visit us on our webpage!