If you run a business installing or maintaining air conditioning systems it’s important to have insurance.
There are number of different insurance types available, and the types that you might need will vary depending on a few different factors.
These factors include the type of work you are doing as well as the structure of your business.
Types of work
Taking out insurance for an air conditioning installation business can be either very straightforward or potentially quite complex, depending on the work you do.
If you are undertaking installation and maintenance of split systems in residential homes, the insurance will be very straightforward and quite inexpensive.
On the other hand, if you undertake work on high rise buildings, especially work involving cooling towers, the cover can be more difficult to obtain and will generally be more expensive.
The best option here is to speak with an insurance broker about the specific types of work you are undertaking, and they will be able to advise you on the appropriate way forward.
Types of insurance
Regardless of the type of air conditioning work you’re doing, the main type of insurance you’re likely to need is public liability.
Public liability insurance will cover you for property damage or personal injury that a third party suffers as a result of your business activities.
You can learn more by checking out our dedicated public liability page.
Another important form of cover is tool insurance. This can protect your gear in the event that it is damaged or stolen.
The specific cover offered for tools and equipment depends on the policy and options that you choose. Your insurance broker will be able to run through this with you.
Income protection is also very important, especially if you work for yourself.
The installation and maintenance of air conditioning units is very labour-intensive and can often involve working at heights.
Even a relatively minor injury could see you off the tools for a period of time, so a decent income protection policy is vital to ensure you’re looked after financially.
These aren’t the only forms of insurance that an air conditioning business may require, but they are three of the most commonly held covers.
We can help
Here at Trade Risk we look after the needs of many workers and business owners in the air conditioning industry.
We have a team of insurance experts who know your industry and can assist you with getting the right cover in place for your business and personal protection needs.
To obtain a quote on your insurance you can either complete our online trade insurance quote request, or call our office on 1800 808 800 to speak with one of our experts.
