Workers' Comp Coverage for Heating & Cooling Contractors
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Improve cashflow and reduce the potential for big audit bills.
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Claims Management
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Workers' Compensation Class Codes Related to HVAC
Employees are grouped into classification codes based on what they do for their job. The National Council on Compensation Insurance (NCCI) currently utilizes nearly 800 class codes to help insurance companies categorize employees. Insurance companies create a manual rate for each class code in order to price a policy.
Properly classifying workers is an important part of the quote process. Mis-classified employers may end up paying too much for coverage or owing too much after an audit.
Class Code 5537
HVAC Contractors
Businesses primarily engaged in providing residential and commercial heating, ventilation, air conditioning and refrigeration system installation, service or repair. Services often include work on forced air furnaces, ac systems and evaporating cooling systems.
HVAC class code 5537 is generally considered an all-inclusive class of business because it also includes related functions such as wiring and sheet metal work associated with HVAC. Aside from clerical and sales, most employees' entire payroll will fall under this class code.
Companies that only provide duct cleaning would fall under a separate class code- 9014. Businesses that work on portable air conditioning units would be classified under class code 9519- AC Systems- Portable Units.
Alternative State Class Codes for HVAC:
Many states often use special class codes, other than the class codes recommended by NCCI, for certain industries.
Synonyms: HVAC installation, heating and cooling contractor, ventilation and air conditioning repair, ac installer, refrigeration systems.
How Does Workers' Comp Work?
Workers' comp coverage protects employees when injured. It makes good financial sense for both parties.
- Loss of income for employees unable to perform job duties
- Medical expenses for employees injured on the job
- Retraining expenses for employees unable to return
- Permanent injury or disability for lasting injuries
- Survivor benefits if employees are killed on the job
Coverage does not protect employers from everything. Sometimes employees and employers can be negligent.
- Injuries resulting from a violation of the law
- Incidents resulting from employees' use fo drugs or alcohol
- Injuries that did not occur in connection with the job
- Clear company policy violations
- Injuries that did not occur in connection with the job
Lower Your HVAC Insurance Costs
The cost of business insurance has been increasing for HVAC Contractors. General liability and workers’ comp insurance have been the major cause of the increase in the cost of coverage. We’ve partnered with our insurance companies to provide more affordable commercial insurance packages for our customers. Ask about our package insurance options for contractors:
- Workers' Compensation and Employers Liability
- HVAC Liability Insurance
- Personal Property and Commercial Property
- Umbrella Liability and more
How do I get started?
Here's what we need from you
- Business details, locations, FEIN or SSN
- Estimated annual payroll and job duties- class codes
- Claims info or loss history- if applicable
What Happens Next?
We go find for your best price
- Our software matches you with top-rated carriers
- Our agents apply and negotiate your lowest rates
- We present and recommend your best options