Roofing contractor insurance is essential protection for a roofing company, but what do you need? At Contractors Liability we look for an insurance solution that protects your whole business and meets your unique needs. This means protection for damages in a liability claim; coverage of your employees; and protection of your assets like tools and equipment. Let’s look at the details.
Roofing Contractor Insurance – Liability Coverage
In most states it is a requirement to have general liability coverage. Some liability settlements can run into millions of dollars and so this coverage is essential. Did you know that as a roofer you can get specialized liability coverage that is customized to the risks you face? A tailored solution means that you get what you need for your business. You also don’t pay costs for things you don’t need.
Roofers Contractor Liability covers the following damages:
- Injuries to body. This covers damages if your actions (or inaction) result in an injury to a third party. Practising good safety is vital but accidents still happen. A single tile falling from the roof can cause serious injury if it hits a passerby. You could be sued for negligence. This covers the cost of medical payments, the settlement costs as well as your legal defense.
- Damages to property: If you damage the property you are working on, Roofers Liability will protect you. An example could be setting the building alight when doing torch-down roofing.
- Personal Injury. An example of this is if your actions damage the reputation or rights of another. An example would be bad-mouthing a competitor to your client, resulting in the competitor losing business.
- Advertising Injury. An advertisement for your company can result in a liability claim. A common example is when you use a picture of your work without explicit permission from the owner of the building.
The above Roofing Contractor Insurance does not cover injury to your employees. Workers Compensation covers this. This insurance is both mandatory and vital roofing company insurance. Roofing is in the top 10 most dangerous occupations and injuries are commonplace.
Builder’s Risk Insurance
This is specialized property coverage. Builder’s Risk is tailored for a specific project and generally covers the materials, tools and equipment used in the building process. Typical loss events it covers are theft and vandalism. The cost of replacing tools can be very high and this could be the roofing contractor insurance your company needs. The project owners policy may include you as an insured party on the project owners policy so it is always worth checking this detail.
Speak with Contractor’s Liability for your Roofing contractor insurance
At Contractor’s Liability, we are experts in specialized roofing contractor insurance. Our aim is to provide you with an insurance solution that covers all your needs at the lowest rate possible. Call Contractors Liability on 866-225-1950 for roofing contractor insurance that covers you properly.