HVAC Installer Business Insurance Brokers
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Insurance Brokers for your HVAC Business
Fortune Insurance Brokers have spent years supporting HVAC businesses with their business insurance needs. We have extensive experience helping and supporting Heating, Ventilation and Air Conditioning businesses find the right insurance products for their company. Our professional brokers have experience across all aspects of business insurance, from Public Liability and Professional Indemnity, through to insuring business premises, and work vehicles such as trucks, vans, utes, plant and equipment.
Furthermore, Fortune have extensive experience dealing with insurance risks for businesses large and small, in just about every industry. We have ongoing relationships with over 200 Australian underwriters and insurers, and offer multiple quotes, so that you can see for yourself what is available to the market. In addition, we also offer monthly payment options.
Get yourself a Business insurance quote today, just enter your details below, or call us now on 1300 859 381.
Additional Information
As insurance brokers, we have compiled data regarding what insurances you are likely to claim on, and what the most common causes of these claims are, to help you to reduce the chances of your business being at risk of a possible insurance claim. For more information give us a call on 1300 859 381 and request a Risk Analysis for your industry. This is a complimentary service, to give you a better idea of of what to watch out for in your industry, and is subject to the below General Advice Warning.
This advice is general and does not take into account your objectives, financial situation or needs. You should consider whether the advice is suitable for you and your personal circumstances. (If relevant: Before you make any decision about whether to acquire a certain product, you should obtain and read the relevant product disclosure statement).
What you need to know about HVAC Installer Insurance
Firstly, HVAC Installers have a few commonly claimed-on insurance products. Some of these include; Public and Products Liability and Business Interruption, as well as Workers Compensation.
Air conditioning installation service providers have significant product liability exposure arising from defective workmanship or faulty installation. Although claims are rare, when they do come through they are severe. Additionally, there is a high risk from using non-compliant products and materials.
What are the most common claims?
There are four types of claims most prevalent within the industry. Firstly, fires and electrocution hazards caused by faulty installation or non-complaint parts. Secondly, water damage to property, or leakage of refrigerants or gas causing serious property damage or personal injury. Thirdly, Business Interruption claims for installations in commercial or industrial properties. Finally, loss of stock or personal injury claims caused by food poisoning arising from faults in refrigeration machinery. For more information on risks of installing air conditioning units, click here.
Furthermore, this makes Public and Products Liability a must-have for your occupation. This is because faulty work could lead to claims for thefts or criminal acts committed at the customers premises. Including which could or should have been prevented by the security system. Critically, there is also the possibility of property damage or loss of life caused by a faulty fire system not operating correctly. For example, sprinkler systems not operating, or an alarm failing to sound.
If you run a company that has employees carry out the installation and maintenance of fire or security systems, having a Workers Compensation policy in place is essential. Employees risk injury from falls from heights, exposure to dusty environments, back / muscle strains. As well as respiratory problems caused by inhaling chemicals, or from treating on nails or other sharp objects while on site.
If you are working in the HVAC industry and are looking for more ways to reduce risk, please click here to go to Safe Work Australia’s article regarding the Heating, Ventilation, and Air Conditioning industry.