XL Catlin and Financial Risk Solutions, Inc. have entered an exclusive underwriting agreement to offer Chill-Pro contractual liability insurance coverage for heating ventilation and air conditioning (HVAC) contractors in the US. Chill-Pro is a national insurance program that provides service agreement coverage for chiller, or large air conditioning units, that are installed and operate with a “full service agreement” by HVAC contractors.
According to Brian Strain, head of XL Catlin’s Equipment Breakdown business, Chill-Pro helps HVAC contractors address the risks of service contracts while remaining competitive in their market.
When large commercial air conditioning units are installed at commercial facilities, HVAC contractors frequently offer customers service agreements to address any failures of the chiller equipment. Should a chiller unit breakdown, Chill-Pro contractual liability insurance pays for the cost of parts and labor, or replacement, helping HVAC contractors cover their costs and get the chiller equipment up and running again for their clients.
Chill-Pro is provided by XL Insurance America, Inc.
Financial Risk Solutions, Inc. is an insurance broker that specializes in providing HVAC contractors with service contract and warranty insurance.
The XL Catlin insurance companies offer property, casualty, professional, financial lines and specialty insurance products globally.
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