Roofing Insurance for Contractors
in Aurora, IL
Choose the Best Roofing Insurance Today!
At Contractors Liability, we offer tailored policies for your roofing business, and you can include Commercial Auto, General Liability, Inland Marine, Worker’s Compensation, and much more. Get Your Roofing Insurance in Aurora.
Roofing contractors in Aurora, Illinois, understand the intricate dance of risk and reward. The industry’s precarious nature necessitates robust insurance coverage to safeguard the business and its employees. Not only does insurance provide a safety net for unforeseen incidents, but it also enhances customer confidence and trust.
Understanding the Importance of Insurance for Roofers
Insurance for roofers is not a luxury; it’s a necessity. In the high-risk world of roofing, a well-rounded insurance strategy is crucial for the protection of your business and the welfare of your employees. An appropriate insurance policy can provide much-needed financial support in the unfortunate event of a mishap.
Moreover, having insurance communicates to your clients that their investment is secured. It assures them that they will be safe if something goes awry during the project.
Essential Insurance Policies for Roofing Businesses
While the specific insurance requirements may vary from state to state, some policies are universally relevant and beneficial for roofing businesses. These include:
- General Liability Insurance
- Workers’ Compensation Insurance
- Commercial Auto Insurance
- Builder’s Risk Insurance
- Inland Marine Insurance
- Commercial Umbrella Insurance
- ACORD certificate
Let’s dive into the specifics of each to understand their purpose, benefits, and why they are critical for roofers in Aurora, Illinois.
General Liability Insurance for Roofing Contractors in Aurora, Illinois
As a roofing contractor, general liability insurance forms the bedrock of your insurance strategy. It serves as your primary defense against legal claims related to personal injury, property damage, or other disputes arising from your work.
This policy typically covers the cost of legal assistance in case of a lawsuit, medical treatment for injuries sustained on your worksite, and property restoration or replacement expenses.
In Illinois, carrying a general liability insurance policy isn’t just a prudent business move; it’s a legal requirement.
Workers’ Compensation Insurance for Roofing Contractors in Aurora, Illinois
Working on roofs is fraught with peril. Roofing employees are constantly exposed to risks from dangerous heights to potentially hazardous equipment. Here’s where workers’ compensation insurance steps in.
This policy is mandatory for any Illinois roofing business employing more than one person. It offers financial protection to employees who suffer from work-related injuries, covering medical bills and lost wages. Plus, it shields employers from costly legal expenses and potential lawsuits related to workplace injuries.
Commercial Auto Insurance for Roofing Contractors in Aurora, Illinois
If your roofing business in Aurora operates one or more vehicles, commercial auto insurance is a must-have. Unlike personal auto insurance, which doesn’t cover business-related accidents, commercial auto insurance covers physical damage to vehicles and injuries to drivers.
However, it’s crucial to note that commercial auto insurance doesn’t extend to tools or supplies stored in your vehicles. For that, you’d need to consider inland marine insurance.
Inland Marine Insurance for Roofing Contractors in Aurora, Illinois
Despite its misleading name, inland marine insurance has nothing to do with water bodies. Instead, it provides coverage for tools, equipment, and materials in transit or storage. It’s particularly beneficial for roofing contractors who often handle expensive materials and tools.
Builder’s Risk Insurance for Roofing Contractors in Aurora, Illinois
Builder’s risk insurance policy is designed to protect the contractor and employees from the risks a roofing job may pose and the damages the project can face while under construction. It offers coverage for damage to the construction site due to unexpected occurrences such as natural disasters, damage, or loss of equipment, among other potential issues.
Commercial Umbrella Insurance for Contractors’ Projects
Commercial umbrella insurance comes into play when a major claim surpasses the limits of your existing liability policy. It provides additional coverage for medical expenses, legal fees, and damage to a third party’s property. Given the high-risk nature of roofing, commercial umbrella insurance can be a lifesaver.
ACORD Certificates for Contractors’ Projects
An ACORD Certificate serves as proof of your insurance coverage. It’s a document issued by your insurance company or broker that outlines your coverage details, including the type of coverage, policy limits, and the effective and expiration dates.
As a roofing contractor in Aurora, having an ACORD certificate is fundamental. It showcases to clients and other parties that you are adequately insured, thus boosting their confidence in your services.
Frequently Asked Questions (FAQ)
Get answers to your most common questions from Contractors Liability
For General Liability Insurance in Aurora, Illinois, you typically need $1,000,000 per occurrence and $2,000,000 aggregate almost all of the time. In fact, 99% of all General Liability policies we sell in Illinois are with these limits.
For Commercial Auto Insurance in Aurora, Illinois, you generally need a $1,000,000 CSL, which stands for Combined Single Limit for Bodily Injury and Property Damage to another party combined. To protect your Illinois-based vehicle, you should have Comprehensive and Collision coverage. Commercial Auto Collision Insurance in Illinois covers any collision and Comprehensive Commercial Auto Insurance provides coverage for any incident that isn’t a collision.
For Workers’ Compensation Insurance in Aurora, Illinois, you typically need $500,000 per accident for bodily injury by accident, $500,000 per employee for bodily injury by disease, and $500,000 policy limit for bodily injury by disease. This covers your workers in the event of a claim where the owner is liable up to these amounts. However, in 99% of cases, the owner is not liable and coverage for workers compensation is unlimited.
Reputation Matters
Our customers trust us for great customer service and cost-effective coverage.