An HVAC system isn’t the only installation important for business. Some facilities such as cold storages, laboratories, pharmacies, hospitals, and others look for refrigeration engineers to design cooling systems used for preserving food, medicine, and other goods.
As a refrigeration engineer, you part of a lucrative industry, but that doesn’t mean you are immune to the unexpected cost of an untimely lawsuit. You might oversee a defect, and the pharmacy or any other client might sue for negligence. Also, an employee might get hurt while building a refrigeration system.
Refrigeration engineers insurance can help. This article will examine the most helpful insurance policies, their coverage limits, and available add-ons.
CoverWallet | NEXT (Best) | Thimble | Hiscox | The Hartford | |
---|---|---|---|---|---|
Per occurrence limit | $1,000,000 | $1,000,000 | $1,000,000/$2,000,000 | $2,000,000 | $1,000,000/$2,000,000 |
Aggregate limit | $2,000,000 | $2,000,000 | $1,000,000/$2,000,000 | $2,000,000 | $1,000,000/$2,000,000 |
Products and completed operations aggregate limit | $2,000,000 | $1,000,000 | $2,000,000 | $1,000,000 | $1,000,000 |
Advertising injury coverage aggregate limit | $1,000,000 | $1,000,000 | $2,000,000 | $1,000,000 | $1,000,000 |
Tenant’s legal liability coverage limit | $300,000/$1,000,000 | $300,000 | $100,000 | $100,000 | $1,000,000 |
Waiver of subrogation included? | Yes | No | Included | Can be included | No |
Hired/non-owned auto liability coverage included? | Yes | No | No | Can be included | Can be included |
Equipment breakdown floater included? | No | Yes | Yes | Can be included | Can be included |
Can you get a certificate of insurance online? | Yes | Yes | Yes | Yes | Yes |
Name additional insureds? | Yes | Yes | Yes | Yes | Yes |
Deductible | $0 | $0 | $0 | $0 | $0 |
This refrigeration engineer insurance protects your business from third-party liability claims involving bodily injury and property damage. Example situations to use this coverage include:
Your business office that is open to the public has a slippery floor that injures a client
While helping a client, one of your employees accidentally damages their cell phone
Tools and equipment coverage–Protects your refrigeration engineer equipment from damage and can help you replace broken tools
Hired and non-owned auto–Offers insurance coverage to non-owned auto vehicles like employee vehicles during business-related activities
Excess liability–Helps you get extra coverage when you have incidents that your general liability insurance can’t fully cover
Refrigeration engineers should opt for a $1 million occurrence limit and a $2 million aggregate limit. This is a solid coverage limit that ensures you have an adequate amount of coverage when it counts.
Yes. If you cancel a policy or don’t renew a new one when the policy limit stops, your business is exposed to perils and risks. To avoid being exposed to risks, you want to ensure that there is never a lapse in coverage.
CoverWallet | NEXT | Thimble (Best) | Hiscox | The Hartford | |
---|---|---|---|---|---|
Per occurrence limit | $1,000,000 | $1,000,000 | $1,000,000/$2,000,000 | $1,000,000 | $1,000,000 |
Aggregate limit | $2,000,000 | $2,000,000 | $1,000,000/$2,000,000 | $1,000,000 | $2,000,000 |
Name additional insureds? | Yes | Yes | Yes | Yes | Yes |
Waiver of subrogation included? | Yes | No | Yes | Can be included | No |
Refrigeration engineers use professional liability insurance to protect from mistakes and oversights they make while on the job that causes a financial loss to another party. Examples of where this refrigeration engineers insurance can help include:
A customer accuses of negligence
You are subject to a lawsuit because of an undelivered service you promised to a client that you failed to deliver
Extended reporting period–This add-on allows you to use a professional liability coverage even if it has recently expired
Additional insured–Allows you to extend coverage to other parties that were not initially written on the policy
Refrigeration engineers will see professional liability insurance policies with $1 million per occurrence limit and $1 million aggregate limit.
While you are not legally required to get professional liability insurance, you will certainly want it to prevent your business from being exposed to catastrophic lawsuits and court fees. The torts that professional liability insurance covers are some of the most expensive claims to defend your business against.
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CoverWallet | NEXT (Best) | Thimble | Hiscox | The Hartford | |
---|---|---|---|---|---|
Building coverage limit (minimum) | $50,000 | $260,000 | $25,000/$500,000 | $25,000 | $60,000 |
Contents coverage limit (minimum) | $50,000 | $22,000 | $25,000/$500,000 | $25,000 | $60,000 |
Outdoor signs | Excluded | $2,500 | Excluded | Excluded | Excluded |
Accounts receivable | Excluded | Excluded | $5,000/10,000 | Included | Excluded |
Money and securities | Excluded | $2,500 | $1,000 | Included | Excluded |
Lock and keys | Excluded | $2,500 | Excluded | Excluded | Excluded |
Business interruption floater | Excluded | Included | Included | Included | Excluded |
Equipment breakdown floater | Excluded | Included | Excluded | Excluded | Excluded |
Inland marine insurance floater | Excluded | Excluded | $10,000 | Excluded | Excluded |
Employee dishonesty floater | Excluded | $5,000 | $2,500 | Included | Excluded |
You can use commercial property insurance to protect your building and associated property against damage or destruction. Events covered by this refrigeration engineers insurance include:
A criminal vandalizes your building and steals some of the contents inside
Your building is damaged in an out-of-control fire
Terrorism coverage–Reimburses the value of the property that got damaged or destroyed due to bombing, looting, and other terrorist activities
Equipment breakdown–Covers expenses if the equipment you use to design and install refrigeration systems becomes inoperable due to mechanical and electrical breakdowns
Refrigeration engineers can expect around $50,000 in coverage limits for the building and contents.
Yes. The safer your building is, the less you will pay for your policy. Your building's safety is influenced by the materials it is constructed with, proximity to a fire station, and if you have a sprinkler system installed.
CoverWallet | Thimble (Best) | NEXT | Hiscox | The Hartford | |
---|---|---|---|---|---|
General liability aggregate limit | $2,000,000 | $2,000,000 | $2,000,000 | $300,000 | $1,000,000/$2,000,000 |
Commercial property coverage limit | $50,000 | $500,000 | $260,000 | $25,000 | $75,000 |
Optional policies can be added? | Yes | Yes | Yes | Yes | Yes |
Name additional insureds for free? | Yes | Yes | Yes | Yes | Yes |
BOP discount? | Yes | Yes | Yes | Yes | Yes |
A refrigeration engineer will benefit from a business owner’s policy in their insurance plan because it combines general liability coverage and commercial property coverage in one policy. This insurance can help when:
A covered event damages your business computers
A customer injures their leg at your place of business
Employee dishonesty–Protects your business from harmful actions of your employees that include things like cyber crimes, forgery, and robbery
Flood insurance–Helps defend your business property against damages associated with water and flood damage
Business owner's policy will have general liability coverage of $1 million and a commercial property coverage between $20,000 and $60,000.
Yes. A business owner’s policy for a refrigeration engineer will include general liability coverage, which often covers personal injuries like slander.
NEXT | Thimble | Hiscox | The Hartford | |
---|---|---|---|---|
Aggregate limit | $3,000/$10,000 | $2,500/$5,000 | $15,000/$25,000 | $5,000-$10,000 |
Covers hired and borrowed equipment? | $3,000/$10,000 | $2,500/$5,000 | No | Yes |
Miscellaneous equipment also covered? | $5,000/$10,000 | No | Yes | Yes |
Offered as an endorsement to general liability insurance? | Yes | Yes | Yes | Yes |
Deductible | $500 | $500 | $0 | $0 |
Tools and equipment insurance can help your business cover tools when they get damaged or stolen. This policy can cover your business equipment even when used away from your commercial premises. Some example situations include:
While bringing your tools to a job, they break in the line of duty
A member of the public damages your equipment, which this policy allows you to replace with new equipment
Rental coverage–Helps cover tools that you rent out to help your refrigeration engineer business
Downtime coverage–This policy will provide compensation for refrigeration engineers when their equipment downtime results in business-related losses
Tools and equipment insurance will offer coverage limits between $5,000 and $20,000.
Workers' compensation insurance is a policy that protects your workers from injuries and illnesses that they contract while working. Below are a few examples of when to use this policy.
One of your employees cuts their arm on the job and needs stitches
An employee falls off a ladder and hurts their back, making them unable to work
Yes. Generally, you will want to file a claim immediately to ensure that benefits get paid appropriately. Depending on where your business is, you may have to file claims within 30 days.
Monopolistic workers’ comp refers to four states that offer workers' compensation through a state-funded program. These states are Ohio, North Dakota, Washington, and Wyoming. If you reside in one of these states, you will not have the option to use a private insurer for your workers' compensation policy.
Your commercial auto insurance policy will insure your vehicles against liabilities and car accidents. Times to use this policy include:
Another vehicle collides with a business-owned vehicle while you are transporting supplies for your refrigeration engineering business
One of your work vehicles is broken into and vandalized
Commercial auto insurance has several common components, which include:
Auto liability–Helps you pay for claims that your business is liable for that are related to your business vehicle
Collision–Covers damages to your vehicle that result from road accidents
Comprehensive–This policy will cover damage incidents from vandalism, theft, and fire
Rental coverage–Helps you pay for the costs to renting a vehicle while the vehicle you own is out of commission
Medical payments–Pays out benefits to drivers and passengers involved in a covered accident to cover medical costs
Your commercial auto policy will have between $100,000 and $1 million in liability coverage.
Gap coverage is a type of insurance policy that pays for the amount you owe on a totaled commercial vehicle.
Cost per Month | Cost per Year | Deductible | |
---|---|---|---|
General liability insurance | $40 | $480 | $0-$500 |
Professional liability insurance | $50 | $600 | $500-$1,000 |
Excess liability insurance | $52.00 | $624 | $500-$1,000 |
Commercial property insurance | $70 | $840 | $1,000-$2,000 |
Business owner's policy | $103 | $1,236 | $1,500 |
Tools and equipment insurance | $44 | $528 | $500-$1,000 |
Commercial auto insurance | $60 | $720 | $500-$1,000 |
Workers compensation insurance | $102 | $1,224 | $2,500-$5,000 |
The average refrigeration engineer insurance cost is $40 per month or $480 per year for a $1 million general liability policy. Factors that affect premiums are claims history, business history, policy limits, deductibles, annual revenues, location, and number of employees. Here’s a table showing the cost of a $1 million general liability policy from the best refrigeration engineer insurance companies:
NEXT | $24 | $288 | Best overall; Fastest general liability insurance for refrigeration engineers |
---|---|---|---|
CoverWallet | $29 | $348 | Comparing refrigeration engineer insurance quotes online |
The Hartford | $27 | $324 | Workers compensation insurance for refrigeration engineers |
Tivly | $31 | $372 | Comparing refrigeration engineer insurance quotes over the phone |
Thimble | $40 | $480 | On-demand coverage for refrigeration engineers |
Hiscox | $42 | $504 | Worldwide coverage for refrigeration engineers |
Get all the best quotes from leading providers in a click of a button!
Here are some of the best refrigeration engineer insurance companies. Read some of the reviews below to know their pros, cons, and average rate for a $1 million general liability policy:
Best overall
Issues an online proof of insurance instantly
Fastest general liability insurance for refrigeration engineers
Great customer service and reputation
Excellent rates
Outstanding value for money
Get a 10% discount if you buy two or more policies
Couldn’t find any
NEXT offers refrigeration engineers many options You can get policies like general liability, tools and equipment, and workers' compensation. NEXT boasts an impressive A- rating from AM Best and a B+ rating from the Better Business Bureau.
Best for: Best overall; Fastest general liability insurance for refrigeration engineers
Average cost: $24 per month
Our rating: 10/10
Quote online or through an agent
Renowned company for workers compensation insurance
Fast to process claims
Limited add-ons to general liability insurance
The Hartford is an insurance provider with a well-established reputation in the market. They have been helping customers with insurance solutions for over 200 years. Refrigeration engineers will find many companion policies from this A- (Excellent) AM Best-rated insurer.
Best for: Workers compensation insurance for refrigeration engineers
Average cost: $27 per month
Our rating: 10/10
Compare quotes online
Hired/non-owned auto coverage automatically included in general liability insurance
Cheap premiums if you decide to pay for the whole year
Easy online policy management
Not an insurance company but an insurance broker
CoverWallet is an excellent digital insurance provider that offers over ten established insurers to choose from. They are a cloud-based insurance platform and offer all the convenient features of an advanced online insurer. Refrigeration engineers will have a decent selection of policies, including specialized machinery repair insurance.
Best for: Comparing refrigeration engineer insurance quotes online
Average cost: $29 per month
Our rating: 10/10
Compare quotes over the phone
Takes you to an insurance company that’s a good fit
Responsive customer service
Doesn’t have a mobile app for convenience to customers
Tivly grants you access to an established insurance network of over 200 providers. You can get refrigeration engineer component policies like general liability, professional liability, workers comp, etc. Call now to compare quotes over the phone.
Best for: Comparing refrigeration engineer insurance quotes over the phone
Average cost: $31 per month
Our rating: 10/10
Numerous add-ons to general liability insurance
Quickly issues an estimate of your rates
Sells a short-term general liability insurance
You can’t reach customer service by calling
Thimble is a highly trusted insurance that can maintain an A+ rating from the Better Business Bureau. They let you choose from various options while offering freedom for setting your terms. You can purchase general liability, business owner’s policy, commercial property insurance, and business equipment insurance.
Best for: On-demand coverage for refrigeration engineers
Average cost: $40 per month
Our rating: 10/10
Customers can take advantage of bundling discounts
Lenient 14-day refund policy on purchases
Numerous add-ons to base policies
Online quoting may not be available all the time due to periodic site maintenance
Hiscox is one of the best options for small businesses because of their tailored buying process. Their agents will work with you to determine the areas of need in your business and customize the policy so you are getting the most out of what you are paying for. You can even get a quote online for faster coverag This company has an A rating from AM Best, which speaks to its financial backing to cover your refrigeration engineer insurance policy.
Best for: Worldwide coverage for refrigeration engineers
Average cost: $42 per month
Our rating: 10/10
Use anyone except Employers. Period. They are non-transparent and shameful. After I complained long enough to warrant a call from a supervisor, the supervisor called back from a PRIVATE NUMBER (no caller ID), left a message that they are not reversing their decision (without any communication with me), and failed to leave a phone number for me to call back. She was hiding! They also fact find via email and phone calls, which is terrific for speed and communication. However, after setting a precedence of email or phone calls, they send time sensitive information via email, without any heads up... they are hoping you miss it and forfeit via expiration. Evil policies. Go elsewhere.
This place is an absolute joke of a company and should be ashamed of the way they conduct business. I was hurt on the job at the end of July and it took them just shy of 7 weeks to issue out a paycheck to me. Yes the amount was back dated but still. Not many have the luxury of not receiving a paycheck for almost 2 months. To top it all off, the original adjuster marked me down for the wrong state which caused a problem from the get go, I've had 3 different adjusters now since each one can't seem to figure out the simplicity of my claim. All my paperwork which includes, my job, house, and drs visits all are from the same state and city but yet some how I have been filed under a completely different state 1500 miles away. They do not answer your phone calls or emails no matter how many you leave. I've had to escalate my frustrations to the supervisors of each of these individuals in order to even get some kind of response. I've had more communication and information given to me about my claim from the customer service representatives then the actual adjusters.......... please tell me how that works?! A serious overhaul needs to happen here in order to serve your clients the way they deserve to be taken care of. 10/10 do not recommend this company to a single soul on earth
I have never had the displeasure of working with a more incompetent and disrespectful person in my life. I’m an injured worker and the adjuster that was assigned to my case was named Carrie Furgeson. In the past 6 weeks that I’ve been injured and out of work I have only been able to get ahold of her twice, not for lack of trying. I have left countless voicemails, countless emails, and she ignores them all. When I am finally able to get ahold of her I’m greeted with terrible customer service. She is rude, she talks over me and I’m hardly able to get a word in edgewise. She spelled my name wrong on my documents even after I spelled it for her properly countless times, this caused a whole new issue with my bank. I have bill collectors from the hospital calling me demanding payment and Carrie Furgeson won’t do a single thing to help, or to get them paid. All of my documentation is in Colorado, my job is in Colorado, my address is in Colorado, all my Dr offices and appointments have been in Colorado and Carrie still managed to hold my claim because she wasn’t sure what state she needed to file it under. It’s been 6 weeks since my Injury and my company still hasn’t received the wage paperwork to fill out so they can get me my correct wages. When she’s not ignoring me she’s answering my questions with “I don’t know” well I don’t know how she got this job, because apparently she doesn’t know anything about it. She is a disgusting morose individual inside and out and I genuinely wish her the worst in all of her future endeavors. I highly recommend you don’t use this company. Please if you are a business owner and your looking into this company please don’t use them. I’m sure they have the cheapest payment and that’s why companies use them in the first place, but you will be doing your employees a grave disservice by forcing them to venture into this absolute dumpster fire of a company. I would rate 0/5 if possible but 1 was the lowest I was allowed.
Their general liability insurance purchase process is simply the best online experience I've ever had in my life!
As long as they cover your line of business, you're literally covered! best rates, best coverage, best online experience, best professionals, can't be happier that I chose them!