Canada is a land of weather extremes. Winters can be brutally cold; summers can be sweltering. If your company deals with heating and/or air conditioning, you know how vital your service is for your fellow citizens! There are many things for HVAC business owners to consider, but one of the most important is insurance coverage. Whether your company is large or small, having the right protections in place can make a huge difference. Is your present insurance policy sufficient? Are you paying for coverage that you will never use? If you’re unsure about the answers to these questions, it’s time to contact an insurance broker who has experience with customized liability coverage for heating and air conditioning.

There are several aspects to consider when you are assessing your insurance needs, but liability insurance is one of the major concerns. Without proper coverage, you could be liable for damage to clients’ property, or employee injury.

Accessing Customized Insurance

First, contact a reputable and experienced insurance broker. Some business owners or contractors feel that working with a broker is an unnecessary expense, but in fact, it’s been shown that partnering with a broker can save you money. For instance, by choosing insurance coverage that’s tailored exactly to your business’s needs, you will no longer be paying for coverage that you don’t need. And good brokers usually work with safety experts to conduct a comprehensive risk analysis of your company; this can help to pinpoint safety concerns. Your broker can help you to implement risk reduction programs and identify areas where you can avoid risks. Once you’ve eliminated as much exposure to risk as possible, your insurance premiums will be lower.

A good broker can also help you with other insurance-related issues. Fleet management is an area where many businesses struggle. Your broker can help you to establish effective programs to help,  for example, vehicle maintenance schedules and documentation protocols.

And, of course, in the unfortunate event that you have to make a claim, your broker can help to guide you through the claims process with your insurance company.

Connecting with a Brokerage

A good insurance broker can help you access the best possible coverage at rates that are affordable to your enterprise. But how do you find the right broker for you? There are several hallmarks of a good brokerage firm, including:

·       Experience. Look for a firm with a good reputation and many years of experience.

·       Knowledge. Seek out a firm that works often with customized commercial coverage.

·       Values. See how your own values align with those of the brokerage. If you are on the same page, you have a strong basis for a partnership.

·       Trust. Look for a company that places importance on the broker/client relationship. After all, you will be putting your employees and your livelihood into the broker’s hands.

Once you’ve narrowed your search, meet with brokers and learn more about the advantages of customized commercial insurance coverage for your heating and air conditioning business.