• Home
  • Get A Quote
  • Customer Service
  • Refer a Friend
  • About Us
  • Location Map
  • Employee Directory
  • Privacy Policy
  • Contact Us
Call Us CALL US TODAY | (817) 563-5555
Matthews Insurance Group Logo
Best Car Insurance Agencies in Arlington
Helping Texans Spend Less
on Insurance Since 1992!
How Much Can We Save You?

  • Home
  • Get A Quote
    • AutomobileImage of right arrow
      • Auto Insurance Quote
      • Mexico Travel Insurance Quote
    • Business & CommercialImage of right arrow
      • Commercial Auto Insurance Quote
      • General Liability Quote Form
    • Health
    • HomeownersImage of right arrow
      • Manufactured Home Quote
      • Home Insurance Quote
      • Agent Consultation Request
    • Insurance
    • Life
    • Motorcycle
    • Personal Umbrella Insurance
    • Recreational Vehicle
    • Renters
    • Trucking
    • Watercraft & Boat
  • Customer Service
    • Online Account Access
    • AutomobileImage of right arrow
      • Request ID Card for Auto Policy
      • Request Declaration and Coverages Page for Auto Policy
      • Send Declaration and Coverages Information to Lien Holder
      • Add Vehicle to Existing Auto Policy
      • Remove Vehicle from Existing Auto Policy
      • Add Driver to Existing Auto Policy
      • Remove Driver from Existing Auto Policy
    • Business & CommercialImage of right arrow
      • Request ID Card for Commercial Auto Policy
      • Request Declaration and Coverages Page for Commercial Auto Policy
      • Add Vehicle to Existing Commercial Auto Policy
      • Remove Vehicle from Existing Commercial Auto Policy
      • Add Driver to Existing Commercial Auto Policy
      • Remove Driver from Existing Commercial Auto Policy
      • Request General Liability Certificate of Insurance
    • Homeowners
    • MotorcycleImage of right arrow
      • Request ID Card for Motorcycle Policy
      • Request Declaration and Coverages Page for Motorcycle Policy
      • Add Motorcycle to Existing Policy
      • Remove Motorcycle from Existing Policy
      • Add Driver to Existing Motorcycle Policy
      • Remove Driver from Existing Motorcycle Policy
    • Recreational VehicleImage of right arrow
      • Request ID Card for Recreational Vehicle Policy
      • Request Declaration and Coverages Page for Recreational Vehicle Policy
      • Add Recreational Vehicle to Existing Policy
      • Remove Recreational Vehicle from Existing Policy
      • Add Driver to Existing Recreational Vehicle Policy
      • Remove Driver from Existing Recreational Vehicle Policy
    • Renters
    • Watercraft & BoatImage of right arrow
      • Request ID Card for Watercraft Policy
      • Request Declaration and Coverages Page for Watercraft Policy
      • Add Watercraft to Existing Policy
      • Remove Watercraft from Existing Policy
      • Change Primary Operator on Existing Watercraft Policy
  • Blog
  • Make a Payment
  • Resources
    • Secure File Area
    • Refer a Friend
    • Important Links
    • Insurance Glossary
    • News Center
  • About Us
    • About Matthews Insurance Group
    • Location Map
    • Employee Directory
    • Customer Testimonials
    • Privacy Policy
  • Contact
    • Contact Us

Auto Insurance AUTO

 

Home Insurance HOME

Business Insurance BUSINESS

 

 

Motorcycle Insurance MOTORCYCLE

 

RV Insurance RV

 

Life & Health Insurance LIFE & HEALTH

 

Home > Blog > Business Insurance Updates for HVAC Companies
WEDNESDAY, OCTOBER 23, 2019

Business Insurance Updates for HVAC Companies

Proper business insurance allows your HVAC business to continue to operate properly. In every situation, companies should have insurance in place from the start of operations. However, this is not a static policy. In other words, you need to update it over time to ensure it continues to meet the types ofimage of hvac technician risks your company faces. Here’s how to update your policy.

Consider Your Assets

Many HVAC companies grow substantially in their first few years. As they do, they add more assets to their options. This includes more trucks, more equipment, and more tools. It also may mean additional locations. As your assets grow, you need to be sure your property insurance grows to match it. This means extending the value of your business insurance policy to match the amount, type, and value of the equipment you own right now. As you grow to new locations, consider adding separate, though similar, policies for those jurisdictions.

What Claims Occurred in the Previous 12 Months?

The next step is to consider the claims filed over the previous 12 months. For HVAC companies, this includes claims from customers, visitors and employees. Work with your business insurance agent to determine if you have the right amount of coverage. Do you have enough to meet future claims? Perhaps you have too much? Specifically, consider liability losses here.

Update Your Worker’s Compensation

Workers' compensation protects you from employee injuries and losses. Have you filed claims in the last 12 months? If so, now is a good time to examine why this happened. Use this information to help you form new training programs and changes to your business model to minimize future risks. Because worker injuries are sometimes common in HVAC work, you need to be sure your policy matches all potential losses.

Focus on the Future

One key thing to consider is your future. You are building a business now. And, you are at the heart of it. Your presence may be very valuable to your HVAC company. Now may be the time to add key person injury coverage. It helps provide a life insurance policy on you that pays out to the business. It can help keep your business operational even if you are not there to do so.

Each of these steps is critical. Work with your business insurance agent to gain insight into all your options for updates and changes. Sometimes, adjustments can save you money. However, the goal is always to make sure you have protection.

Also Read: Will Commercial Auto Insurance Cover a Replacement Vehicle While Yours is in the Shop?

Posted 3:20 PM

Tags: business insurance, hvac insurance, workers comp, general liability
Share |


No Comments


Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2021
  • 2020
  • 2019
  • 2018
  • 2016
  • 2014

  • business insurance(10)
  • auto insurance(6)
  • workers comp(4)
  • car insurance(4)
  • general liability(3)
  • home insurance(3)
  • tips(3)
  • commercial auto insurance(3)
  • accident(2)
  • flood insurance(2)
  • electricians(2)
  • liability insurance(2)
  • pools(1)
  • texas insurance(1)
  • renters insurance(1)
  • low rate insurance(1)
  • frozen pool pipes(1)
  • general liability insurance(1)
  • independent agent(1)
  • freezing(1)
  • flu tips(1)
  • insure(1)
  • startup(1)
  • pipes(1)
  • who should i list(1)
  • insurance rate increase(1)
  • accident forgiveness(1)
  • insurance quote(1)
  • cheaper auto insurance(1)
  • drivers(1)
  • employment practices liability insurance(1)
  • epli(1)
  • cheap auto insurance(1)
  • insurance(1)
  • direct(1)
  • claims(1)
  • online(1)
  • insurance claims(1)
  • homeowners insurance(1)
  • motorcycle insurance(1)
  • auto insurance rate(1)
  • hvac insurance(1)
  • commercial insurance(1)
  • swimming pool(1)
  • cheap auto insurance texas(1)
  • frozen pool equipment(1)

View Mobile Version
Facebook
Twitter
Carriers
Carriers
Carriers
Carriers
Carriers
Carriers
Carriers
Carriers
Carriers
Carriers
Carriers
Carriers
Twitter Logo
Tweets by @insurancedudes

Resources

Home About Us Get a Quote Customer Service Newsletter Contact Us

Contact Us

image of compass

 

  • 5840 W Interstate 20
  • Ste 135
  • Arlington, TX 76017
  • O: 817-563-5555
  • T: 844-MIG-2015
  • F: 817-701-0266
© Copyright. All rights reserved.
Powered by Insurance Website Builder