As a Connecticut HVAC contractor, having proper insurance coverage is crucial for protecting your business, meeting state requirements, and securing contracts. This comprehensive guide breaks down the essential insurance coverages Connecticut HVAC contractors need, including costs based on our analysis of actual quotes from leading carriers.
Review our guide to HVAC professional liability coverage and protect your business properly.
General Liability Insurance for Connecticut HVAC
Based on our analysis of over 1,100 HVAC contractor quotes from leading carriers, here are the typical general liability insurance costs for Connecticut HVAC contractors:
| Revenue Size | Average Premium | % of Revenue | Favorable Rate | Potential Savings |
|---|---|---|---|---|
| $150K | $3,500 | 2.3% | $500 | 86% |
| $500K | $11,100 | 2.2% | $7,200 | 35% |
| $1M | $23,000 | 2.3% | $11,800 | 49% |
These premiums assume:
- Clean claims history
- Standard $1M/$2M coverage limits
- Mix of residential and commercial HVAC work
- Approximately 10% subcontractor costs
Key coverages include:
- Property damage during HVAC installations and repairs
- Bodily injury to clients or bystanders
- Products and completed operations
- Faulty workmanship coverage
Worker’s Compensation Insurance for Connecticut HVAC
Worker’s compensation insurance is mandatory for Connecticut HVAC contractors with employees. Based on our data, Connecticut HVAC contractors pay approximately $5,140 per $100K of payroll for workers’ compensation coverage.
Key factors affecting premiums:
- Job classification codes (primarily 5537 for HVAC)
- Total annual payroll
- Claims history
- Safety programs
- Experience modifier rating (EMR)
Additional Business Insurance for HVAC in Connecticut
1. Commercial Auto Insurance
- Cost: $1,500-$3,050 per vehicle annually
- Required for business-owned vehicles
- Standard limits: $100K per person/$300K per accident/$100K property damage
2. Tools & Equipment Coverage (Inland Marine)
- Annual premiums: $200-$2,000
- Policy limits: $5,000-$15,000+
- Covers tools and equipment during transit and at job sites
3. Contractor’s E&O Insurance
- Annual premiums: $50-$500
- Policy limits: $10,000-$1M+
- Covers business mistakes and negligence claims
4. Commercial Property Insurance
- Protects buildings and contents
- Annual premiums: $1,000-$5,000
- Coverage for fire, theft, vandalism, weather damage
5. Surety Bonds
- Required for licensing in Connecticut
- Cost: 1-3% of bond amount
- Amounts typically range $5,000-$25,000
Get Connecticut HVAC Liability with ContractorNerd
ContractorNerd makes HVAC insurance simple and data-driven for Connecticut contractors. Our platform offers:
- Instant online quotes from A-rated carriers
- Side-by-side coverage comparisons
- HVAC-specific expertise and guidance
- Streamlined application process
- Ongoing policy management
- Claims advocacy support
Our team of HVAC insurance specialists helps you:
- Optimize coverage based on your specific risks
- Find competitive rates through our carrier network
- Bundle policies for maximum savings
- Ensure compliance with state regulations
Contact ContractorNerd today for tailored quotes and expert guidance on your Connecticut HVAC insurance needs.