Insurance By Trade
Roofing Contractor Small Business Insurance
Roofing Contractor Small Business Insurance
The dangers of the job can be reduced with safety measures and protocols, training and experience, and comprehensive roofing contractor small business insurance.
The nature of your industry makes certain insurance coverage more important than other policies. We can assist with advice on the best roofing contractor insurance at the best rates.
Recommended POLICIES
- Commercial General Liability Insurance
- Commercial Property Coverage
- Loss of Income Coverage
- Equipment Breakdown Coverage
Contact one of our Small Business Liability consultants for a free quote.
How Prepared Is Your Roofing Company?
In order to be competitive in the construction industry, a roofing company’s crew must be multi-skilled, with the know-how to fix, replace, or install roofs of various materials such as shingles, metal, bitumen and even terracotta.
The cost of installing a new roof ranges from $5,000 to $25,000 for the commonly used asphalt shingles, or even higher for the high-end roof types. This is a costly investment, albeit necessary.
Homeowners are very conscious about the quality of roofing service they get from your roofing company. It doesn’t matter how skilled your crew, if the job isn’t done to specifications and standards, you could face liability claims. Will your roofing contractor company survive?
5 Best Reasons to get Roofing Contractor Small Business Insurance
Protect Your Reputation
Insurance protects against employees misrepresenting your company.
Plan For The Future
Insurance protects against unforeseen risks.
Lawsuit Protection
Vital protection in a litigious society.
Prevent Financial Ruin
Insurance helps your business survive disaster.
Get Peace of Mind
Insurance that protects the little guy.
Every Roofing Job Is Dangerous
Falls account for 35% of significant injuries in the construction industry and, sadly, roofers account for 25% of employees killed by falls. Roofing accidents can happen on any roof, to any tradesman, on any job site. Even fully trained roofers wearing all the appropriate protective work wear can slip and fall. Accidents happen. People get hurt. Things get broken.
For instance, tools or materials accidentally dropped from roof height can cause property damage to parked cars, garden pathways and ornaments, outdoor furniture or a window.
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“It will never happen to me!”
Are you prepared if it ever does?
The following are examples of common types of property damage claims that good roofing contractor small business insurance will cover:
- Your blow torch accidentally causes fire damage to the house
- A tile falls off the roof and lands on a parked car below
- Your ladder falls over and goes through a window
- Water damage caused by a leak after a storm hits
Keep in mind that some roofing insurance carriers may exclude water damage coverage in the event of a claim. Always look over your list of exclusions before signing your general liability insurance proposal.
What if…
You assign one of your roofers to repair the roof at a residential property. Just after the repair, the homeowner reports that her fridge has vanished. The homeowner sues your roofing company for the loss of the asset. Since you’re the business owner, you are liable.
What do you do?”
Danger Is Reduced With Roofing Contractor Insurance
The dangers of roofing jobs should never be underestimated. Roofing ranks in the top ten most dangerous jobs in the US. Everyone who works on a roof faces the same dangers, whether they are self employed or work for a roofing company. A roofing contractor who is registered with their state works in the same dangerous conditions as an unlicensed roofer, as does the crew employed by a roofing company.
A roofing contractor is exposed to multiple risks when installing or repairing a roof. Contrary to popular opinion, the size of the roofing job is irrelevant because the dangers don’t lessen whether you’re working on a business building or a residence. Collapsing roofs, a fall from a ladder, scaffolding or a collapsing roof, will still result in bodily injury or fatality.
Commercial General Liability Insurance
This coverage protects rental property owners against claims of alleged or actual bodily injury or property damage to third parties (these include visitors, tenants, delivery persons, etc.). The general liability coverage is important in protecting you from lawsuits.
Commercial Property Coverage
This insurance coverage will protect you against the loss of your apartment building as well as other type of buildings and structures like offices, and garages, swimming pools, storage buildings and fences within the complex.
Loss of Income Coverage
This insurance coverage reimburses apartment owners for the loss of income due to damage by a covered loss (like fire or storm).
Equipment Breakdown Coverage
As a building owner, you might have heating and cooling units, for example. This insurance coverage will typically apply to such equipment breakdown. The loss must be sudden and accidental. Wear and tear is not included in this type of insurance policy.
Benefits of getting insured by
Small Business Liability.com
Small Business Liability.com has created a comprehensive guide to the insurance required before starting a business for each specific profession listed below.
If you have any questions, we are staffed with experts in the insurance field who are willing to help.
Our experts can guide you to the right coverage for your business.
We know your time is really tight, but you can set up a call at any time; we are 24/7.