As a Georgia HVAC contractor, having proper insurance coverage is essential for protecting your business, meeting state requirements, and securing contracts. This comprehensive guide breaks down the essential insurance coverages Georgia HVAC contractors need, including costs based on our analysis of over 1,100 quotes from leading carriers.
Learn the fundamentals of air conditioning contractor liability insurance in our detailed guide.
General Liability Insurance for Georgia HVAC
General liability insurance protects HVAC businesses from third-party claims of property damage and bodily injury. Based on our analysis of over 1,100 HVAC contractor quotes, here are typical costs for Georgia HVAC businesses:
| Revenue Size | Average Premium | % of Revenue | Favorable Rate | Potential Savings |
|---|---|---|---|---|
| $150K | $2,100 | 1.4% | $500 | 76% |
| $500K | $7,400 | 1.5% | $4,300 | 42% |
| $1M | $15,800 | 1.6% | $9,500 | 40% |
These premiums assume:
- Clean claims history
- Standard $1M/$2M coverage limits
- Mix of residential and commercial work
- Approximately 10% subcontractor costs
Worker’s Compensation Insurance for Georgia HVAC
Worker’s compensation insurance costs in Georgia average $5,030 per $100K of payroll for HVAC contractors, placing it among the higher-cost states for this coverage.
Key factors affecting premiums:
- Employee classification (most HVAC workers use code 5537)
- Annual payroll
- Claims history
- Experience modifier rating (EMR)
- Safety programs and protocols
Additional Business Insurance for HVAC in Georgia
1. Tools & Equipment Coverage (Inland Marine)
- Annual premiums: $200-$2,000
- Policy limits: $5,000-$15,000+
- Protects tools during transit and at job sites
- Covers both owned and rented equipment
- Most policies have per-item limits of $5,000
2. Commercial Auto Insurance
- Cost: $1,500-$3,050 per vehicle annually
- Standard limits: $100K per person/$300K per accident
- Higher limits ($500K-$1M) recommended
- Required for all business-owned vehicles
- Covers liability from accidents during business operations
3. Contractor’s E&O Insurance
- Annual premiums: $50-$500
- Coverage limits: $10,000-$1M+
- Protects against claims of faulty work
- Covers professional negligence claims
- Includes legal defense and judgments
4. Commercial Property Insurance
- Cost: $1,000-$5,000 annually
- Protects buildings and contents
- Coverage based on property value and location
- Essential for businesses with workshops or warehouses
- Covers fire, theft, vandalism, and weather damage
5. Surety Bonds
- Required for certain HVAC licenses and permits
- Premium: 1-3% of bond amount
- Costs vary by credit score
- Guarantees work quality and licensing requirements
- Bond amounts typically range $5,000-$25,000
Get Georgia HVAC Liability with ContractorNerd
ContractorNerd makes HVAC insurance simple and data-driven through:
- Instant online quotes from top carriers
- Side-by-side coverage comparisons
- HVAC-specific expertise
- Streamlined application process
- Ongoing policy management
- Claims advocacy support
Our team of HVAC insurance specialists helps you:
- Optimize coverage for your specific risks
- Find competitive rates
- Bundle policies for additional savings
- Ensure compliance with state regulations
Contact ContractorNerd today for tailored quotes and expert guidance on your Georgia HVAC insurance needs.