Roofing Insurance for Hollywood Contractors
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.
It is essential for Hollywood roofing businesses to have proper insurance coverage. We offer affordable insurance solutions to protect both your business and your funds. In Florida, roofing contractors are required to carry several types of insurance, and not doing so can result in the loss of your license. Whether you are a general contractor or a subcontractor, your insurance policy is a must. Note that without your name on the policy, your coverage is not guaranteed.
Investing in different types of insurance is a wise choice for any roofing company in Hollywood, such as:
- General liability insurance
- Workers’ compensation insurance
- Commercial auto insurance
- Builder’s risk
- Inland marine coverage
- Commercial umbrella
- Bonds
Accidents can happen unexpectedly in the roofing industry, from falls, burns, and electrocutions to legal disputes, theft, and machinery damage. That’s why it’s essential to choose the best roofing insurance available to make sure you’re always protected.
General Liability Insurance for Roofing Contractors in Hollywood, Florida
For roofing contractors, having general liability insurance is not only a requirement for roofers across the state of Florida but also a wise investment for your business.
This policy covers various claims you can get from a third party, such as property damage, physical injury, or personal injury.
General liability includes legal assistance in case of a lawsuit, the cost of medical treatment if someone gets injured, and any restoration or replacements needed regarding any damage done.
Workers’ Compensation Insurance for Roofing Contractors in Hollywood, Florida
As a Florida contractor with one or more employees, it’s mandatory to have workers’ compensation insurance to cover each of your employees.
This policy is particularly important for contractors who work in high-risk fields like roofing. If an employee gets injured on the job, workers’ compensation insurance provides financial protection for the employee, including medical benefits, disability benefits, and help with medical bills.
Additionally, if a staff member passes away due to a work-related accident, workers’ compensation can cover funeral expenses and other benefits for the employee’s family.
It is important to note that workers’ compensation protects the employees and the employer from lawsuits related to workplace injuries. This means the policy does not only assure the worker’s financial safety but also shields the employers from costly legal expenses and potential lawsuits.
Commercial Auto Insurance for Roofing Contractors in Hollywood, Florida
If you use one or more vehicles for business purposes only, it is essential to have commercial auto insurance. Unlike personal auto insurance, which does not cover accidents involving a business vehicle, commercial auto insurance can protect you from the financial consequences of such incidents.
This policy covers any physical damage to the vehicle and any injuries sustained by the person operating it, but does not cover any tools or supplies in the vehicle. If you want to protect the tools or supplies in your vehicle, consider our Inland Marine policy.
Additionally, the premium for commercial auto is tax-deductible, providing a major advantage for your business. In both Hollywood and the state of Florida, if you use any vehicles for income-generating purposes, you are legally required to have commercial auto insurance for both owned and leased vehicles.
Inland Marine Insurance for Roofing Contractors in Hollywood, Florida
Inland marine insurance provides coverage for goods and equipment in cases of loss, theft, or other damages, whether they are in transit or storage.
This policy covers the costs associated with repairing or replacing materials that have suffered any of the above.
Although inland marine insurance is not mandatory in Hollywood, it is recommended for people working in the roofing industry due to the expensive material they often handle. Getting this coverage will guarantee the protection of your materials, so it’s a wise decision for your business.
Builder’s Risk Insurances for Roofing Contractors in Hollywood, Florida
Builder’s risk insurance policy has been designed to protect the contractor and employees from the risks a roofing job may represent and the damages the project can face while it’s in the course of construction.
Builder’s risk offers coverage for damage to the construction site due to unexpected occurrences such as natural disasters, damage, or loss of equipment, among other possible inconveniences. It also covers any extra costs in case of a delay in the project as a consequence of an unpredicted event.
Commercial Umbrella Insurance for Roofing Contractors in Hollywood, Florida
This policy offers extra protection in case you face a large claim that surpasses the limits of your underlying liability policy. It grants coverage for medical expenses, legal fees, and damage to a third party’s property.
As roofing is a high-risk field, commercial umbrella insurance can be very helpful. You can purchase it alongside your primary policy, for example, your general liability or commercial auto. Keep in mind that commercial umbrella only applies when the main policy exceeds its limits.
Bonds for Roofing Contractors in Hollywood, Florida
A contractor’s bond is a commercial surety bond that provides financial protection to customers that may be affected by the contractor’s actions. If the contractor fails to fulfill the obligations outlined in the contract, the bond provides compensation to the damaged client. While bonds may not seem like a direct benefit to your roofing company in Hollywood, they offer a valuable advantage.
Bonding demonstrates a commitment to the customer that you will act in accordance with the contract, which makes your business trustworthy and stand out in the competitive market. That is why many clients prefer to work with companies that have this type of insurance.
ACORD Certificate for Roofing Contractors in Hollywood, Florida
An ACORD Certificate is a document that serves as proof of your insurance coverage and is issued by the insurance company or broker. It provides information about your coverage, including the type of coverage, policy limits, and the effective and expiration dates. It may also include the policy’s exclusions and/or endorsements.
Having an ACORD certificate is crucial for roofing contractors in Hollywood because it demonstrates to clients and other parties that you are adequately insured to protect your business and customers.
Make Sure You’re Covered in Hollywood, Florida
As a roofing contractor in Hollywood, it is crucial to comply with the guidelines set by the state of Florida. Adhering to these regulations not only helps you maintain your roofing license but also provides valuable coverage for your business. No matter what kind of insurance coverage you need to protect your roofing business, we are here to assist you in finding an appropriate policy that is quick, easy, and at a low cost.
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