Trades Coverage

Spreadsheet template

HVAC Quote Comparison Worksheet

Compare HVAC insurance quotes by coverage, limits, endorsements, exclusions, deductibles, and premium.

How to use this tool

This worksheet helps HVAC contractors compare insurance quotes by coverage type, limits, contract wording, exclusions, deductibles, and premium.

Who this is for

HVAC contractors reviewing two or three insurance quotes for general liability, auto, workers compensation, tools, umbrella, or pollution coverage.

When to use it

Use it after you receive quotes and before you choose a policy or ask for revised terms.

How to use it

Enter your business details, then fill each quote column with the carrier terms so you can compare the same insurance items side by side.

What you get

You get a spreadsheet with HVAC-specific rows for coverage types, limits, contract wording, exclusions, deductibles, rating details, and annual premium.

HVAC Quote Comparison Worksheet

Compare HVAC insurance quotes by coverage, limits, endorsements, exclusions, deductibles, and premium.

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Spreadsheet template

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You get a spreadsheet with HVAC-specific rows for coverage types, limits, contract wording, exclusions, deductibles, rating details, and annual premium.

Available as XLSX, CSV. The file uses the current field values.

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Spreadsheet preview

Updates as you type before download.

Comparison item

Business and quote date

What to compare

Business: ________________; State: ________________; Quote date: ________________

Quote 1

Carrier name, quote number, contact, and date

Quote 2

Carrier name, quote number, contact, and date

Quote 3

Carrier name, quote number, contact, and date

Comparison item

General liability

What to compare

Occurrence limit, aggregate limit, completed operations, and business description for HVAC work

Quote 1

Enter limits, key wording, deductible, and annual premium

Quote 2

Enter limits, key wording, deductible, and annual premium

Quote 3

Enter limits, key wording, deductible, and annual premium

Comparison item

Business owner's policy

What to compare

Whether liability and business property are packaged with shop, office, or inventory property

Quote 1

Enter property limit, covered locations, deductible, and annual premium

Quote 2

Enter property limit, covered locations, deductible, and annual premium

Quote 3

Enter property limit, covered locations, deductible, and annual premium

Comparison item

Commercial auto

What to compare

Covered vehicles, trailers, driver rules, hired auto, and non-owned auto if requested

Quote 1

Enter vehicle count, liability limit, physical damage terms, and annual premium

Quote 2

Enter vehicle count, liability limit, physical damage terms, and annual premium

Quote 3

Enter vehicle count, liability limit, physical damage terms, and annual premium

Comparison item

Workers compensation

What to compare

Payroll basis, employee classifications, employer's liability limits, and listed states

Quote 1

Enter payroll basis, class details, employer's liability limits, and annual premium

Quote 2

Enter payroll basis, class details, employer's liability limits, and annual premium

Quote 3

Enter payroll basis, class details, employer's liability limits, and annual premium

Comparison item

Tools and equipment

What to compare

Scheduled tools, blanket limit, theft terms, equipment in vans, and deductible

Quote 1

Enter covered tools, limit, deductible, theft terms, and annual premium

Quote 2

Enter covered tools, limit, deductible, theft terms, and annual premium

Quote 3

Enter covered tools, limit, deductible, theft terms, and annual premium

Comparison item

Umbrella or excess liability

What to compare

Limit above general liability, auto, and employer's liability; note contract request

Quote 1

Enter umbrella limit, underlying limits, exclusions, and annual premium

Quote 2

Enter umbrella limit, underlying limits, exclusions, and annual premium

Quote 3

Enter umbrella limit, underlying limits, exclusions, and annual premium

Comparison item

Pollution liability

What to compare

Refrigerant, mold, cleanup cost, indoor-air-quality, and jobsite pollution terms

Quote 1

Enter limit, covered operations, exclusions, deductible, and annual premium

Quote 2

Enter limit, covered operations, exclusions, deductible, and annual premium

Quote 3

Enter limit, covered operations, exclusions, deductible, and annual premium

Comparison item

Additional insured

What to compare

Which parties can be named and whether ongoing and completed operations are available

Quote 1

Enter available wording, form details, charge, and any limits

Quote 2

Enter available wording, form details, charge, and any limits

Quote 3

Enter available wording, form details, charge, and any limits

Comparison item

Waiver of subrogation

What to compare

Whether blanket or scheduled wording is offered and whether a separate charge applies

Quote 1

Enter blanket or scheduled wording, charge, and coverage lines affected

Quote 2

Enter blanket or scheduled wording, charge, and coverage lines affected

Quote 3

Enter blanket or scheduled wording, charge, and coverage lines affected

Comparison item

Primary and noncontributory

What to compare

Whether the quote can add this wording when the contract asks for it

Quote 1

Enter wording offered, coverage lines affected, charge, and limits

Quote 2

Enter wording offered, coverage lines affected, charge, and limits

Quote 3

Enter wording offered, coverage lines affected, charge, and limits

Comparison item

Per-project aggregate

What to compare

Whether general liability can add per-project aggregate wording for project contracts

Quote 1

Enter whether available, charge, form details, and any restrictions

Quote 2

Enter whether available, charge, form details, and any restrictions

Quote 3

Enter whether available, charge, form details, and any restrictions

Comparison item

Subcontractor conditions

What to compare

Certificate, additional insured, waiver, and insurance requirements for subcontractors

Quote 1

Enter certificate rules, required limits, endorsement rules, and audit notes

Quote 2

Enter certificate rules, required limits, endorsement rules, and audit notes

Quote 3

Enter certificate rules, required limits, endorsement rules, and audit notes

Comparison item

Exclusions to review

What to compare

Pollution, mold, refrigeration, design work, subcontractor, height, or operations restrictions

Quote 1

Enter exclusions that affect your HVAC work and any buyback options

Quote 2

Enter exclusions that affect your HVAC work and any buyback options

Quote 3

Enter exclusions that affect your HVAC work and any buyback options

Comparison item

Deductibles and retained amounts

What to compare

Deductible by coverage type and whether any self-insured retention applies

Quote 1

Enter deductible or retained amount for each coverage type

Quote 2

Enter deductible or retained amount for each coverage type

Quote 3

Enter deductible or retained amount for each coverage type

Comparison item

Rating details used

What to compare

Revenue, payroll, employees, vehicles, states, work split, subcontractors, and claims

Quote 1

Enter the business details the carrier used to price the policy

Quote 2

Enter the business details the carrier used to price the policy

Quote 3

Enter the business details the carrier used to price the policy

Comparison item

Total annual premium

What to compare

Annual premium for included coverages; list fees, taxes, and payment charges separately

Quote 1

Enter annual premium, taxes, fees, and payment plan charges

Quote 2

Enter annual premium, taxes, fees, and payment plan charges

Quote 3

Enter annual premium, taxes, fees, and payment plan charges

Comparison item

Follow-up questions

What to compare

Questions to ask before choosing a quote or requesting revised terms

Quote 1

Enter missing items, contract questions, and coverage changes to request

Quote 2

Enter missing items, contract questions, and coverage changes to request

Quote 3

Enter missing items, contract questions, and coverage changes to request

Preview of downloaded spreadsheet template

Updates as you type before download.

Download worksheet

Worksheet notes

Business: ________________ State: ________________ Quote date: ________________ Contact: ________________

Use this worksheet to compare each HVAC insurance quote on the same terms. A lower annual premium may not include the same coverage types, limits, endorsements, deductibles, or exclusions as another quote.

Comparison reminders

  • Confirm whether the quote includes general liability, a business owner's policy, commercial auto, workers compensation, tools and equipment, umbrella or excess liability, and pollution liability.
  • Compare limits before comparing annual premium.
  • Check contract wording for additional insured, waiver of subrogation, primary and noncontributory, per-project aggregate, and completed operations requests.
  • Review exclusions for pollution, mold, refrigeration, design work, subcontractor warranty wording, and designated operations.
  • Ask the carrier or insurance contact to explain any quote that excludes a major part of your HVAC work.
  • Keep a copy of the contract insurance exhibit with the quote you choose.

Next steps

  • Send the worksheet with the contract insurance exhibit when you ask for revised terms.
  • Compare annual premium only after coverage types, limits, endorsements, and exclusions are lined up.
  • Ask how each quote handles subcontractors, completed operations, refrigerants, mold, and tools in vehicles.
  • Keep the completed worksheet with your renewal file so next year's quotes use the same assumptions.

What this includes

Download formats

XLSX, CSV

Fields

Business name, State, Quote date, Contact name

Spreadsheet columns

Comparison item, What to compare, Quote 1, Quote 2, Quote 3

Document sections

Worksheet notes, Comparison reminders

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Reviewed byHuy Huynh, technology lead at TradesCoverage and licensed insurance brokerNPN 22071436Last reviewed May 2026

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