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Roofing Insurance for St. Petersburg 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.

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Insurance is imperative for peace of mind for business owners, contractors, and customers. If you complete a roofing project without having insurance, you will automatically be held liable and financially responsible for any negative unforeseen circumstances.

There are a few different types of insurance that roofers in St. Petersburg often hold:

  • General Liability
  • Workers’ Compensation Insurance
  • Commercial Auto
  • Inland Marine
  • Commercial Umbrella

In Florida, all roofing contractors are required to hold these types of insurance. If you fail to remain compliant with these regulations, you will be at risk of losing your roofing license. But that’s not the only reason you should carry insurance. It’s crucial to keep your company and your wallet safe from issues like theft, personal injury, legal costs, and equipment damage.

General Liability Insurance for Roofing Contractors in St. Petersburg, Florida

General liability insurance is the simplest variety of contractor’s insurance, and it’s necessary for roofing companies throughout Florida – including those based in St. Petersburg.

When it comes to roofing, you can think of general liability insurance as the first line of defense helping to protect your business from legal claims related to personal injury, property damage, or other disputes. But holding general liability insurance is not just a smart business decision – it is legally required in Florida.

General liability insurance will cover pretty much any claims that are related to work you are in the middle of or have previously completed. This includes accidents involving clients or third parties on your worksite. You are always working to prevent incidents, but unfortunately, they do occur. When they do happen, it’s important to protect yourself from unexpected costs.

General liability coverage for your roofing business in St. Petersburg will usually cost between $2,800 and $3,000 per year. But considering that in the unfortunate event that you’re sued, attorney fees can start around $20,000 (and may go much higher). This makes general liability insurance a must-have for roofers.

Workers’ Compensation Insurance for Roofing Contractors in St. Petersburg, Florida

Workers’ compensation insurance was created to keep employees financially safe if they get injured on the job (which could lead to steep medical bills or lost wages). As the roofing industry can be dangerous and physically demanding, it’s crucial to make sure you have proper workers’ compensation coverage in the event of an incident.

That’s why this type of insurance is a necessity for roofing companies. Throughout Florida, workers’ compensation insurance is a requirement for businesses that employ more than one individual – but more importantly, it’s simply a good idea.

You would never want to find yourself personally liable for claims filed by an employee. But that’s not the only upside. Holding a comprehensive worker’s comp policy makes your business shine. It shows that you’re a fair employer who values the people working for you.

In St. Petersburg, workers’ compensation insurance typically costs roofing companies about $35 per $100 in payroll. But don’t be alarmed. Insurance is unique in that you don’t have to cover the cost yourself. One strategy for combating insurance costs is raising your hourly rates to effectively cancel out the cost of the policies you choose.

Commercial Auto Insurance for Roofing Contractors in St. Petersburg, Florida

While you probably already hold personal auto insurance, commercial auto insurance is a totally different type of coverage. Commercial auto policies are made to cover vehicles used for income-generating purposes. Personal auto insurance policies don’t usually cover this.

Whether your St. Petersburg-based roofing company has a fleet of trucks or just a few of them, you should cover all your company vehicles under a commercial auto policy. That coverage usually includes physical damages to vehicles and provides insurance for employees operating one of those vehicles. Plus, it’s legally required throughout Florida.

Another key benefit of commercial auto insurance? It’s tax deductible – in other words, you can write it off. Personal auto insurance is not eligible as a tax writeoff.

One important note: commercial auto insurance does not cover damage or theft of tools or supplies that might be stored in your vehicles. If you need that coverage (most roofers do), you’ll want to check out inland marine insurance.

Inland Marine Coverage for Roofing Contractors in St. Petersburg, Florida

Don’t let the name confuse you – inland marine insurance is not related to water. It’s a policy centered around covering tools, equipment, and materials being transported between job sites or being stored with a third party. Inland marine insurance will cover any costs incurred if your items are lost, stolen, or damaged under certain circumstances.

Many people assume tools inside a vehicle covered under a commercial auto policy are automatically insured – but that’s not the case! Imagine this: If you’re driving a company pickup truck with shingles and power tools in the bed and those tools get stolen, they will be covered by inland marine insurance, not commercial auto insurance.

The tools and materials needed for roofing jobs in St. Petersburg can be expensive, so it’s crucial to ensure you don’t have to pay out of pocket to replace them. Inland marine insurance is a smart policy to hold if you often drive with pricey materials.

Commercial Umbrella for Roofers in St. Petersburg, Florida

St. Petersburg, Florida, with its unique climatic conditions and bustling construction sector, presents a myriad of challenges for roofers. While general liability and other insurances provide a safety net, there are reasons why commercial umbrella insurance is crucial for roofing contractors in the area:

  • High Litigation Costs
  • Greater Financial Protection
  • Enhanced Business Reputation
  • Covers Gaps in Primary Policie
  • Protection from Large-scale Disasters

In essence, for St. Petersburg roofers, commercial umbrella insurance is more than just an add-on. It’s a strategic investment that bolsters their risk management strategy, ensuring the long-term viability and success of their business amidst the unforeseen challenges of the roofing industry.

Protect Your St. Petersburg Roofing Company

Running your St. Petersburg roofing business takes a lot of effort, but it’s crucial to ensure that you’re adhering to Florida’s insurance guidelines. You’ll need to do so in order to keep your roofing license, but that’s not the only reason. Holding robust insurance policies is also a smart business maneuver.

No matter what types of insurance you need for your roofing business, we can help you find the right policies quickly, easily, and affordably. You’ll be able to keep your company running for years to come and protect yourself against costs from accidents, injuries, lawsuits, damages, and more.

If you want to get the best coverage now, from the best carriers and at the lowest price, call us at (866) 225-1950 or click for a free quote. We can assist you and answer all your questions 24/7!

Frequently Asked Questions (FAQ)

Get answers to your most common questions from Contractors Liability

For General Liability Insurance in St. Petersburg, Florida, you need $1,000,000 per occurrence and $2,000,000 aggregate almost 100% of the time. Approximately 99% of all General Liability policies we provide in St. Petersburg, Florida, are with limits of $1,000,000/$2,000,000.

For Commercial Auto Insurance in St. Petersburg, Florida, you require $1,000,000 CSL, which stands for $1,000,000 Combined Single Limit for Bodily Injury and Property Damage to the third party combined. To safeguard your St. Petersburg-based vehicle, Comprehensive and collision coverage is necessary. Commercial Auto Collision Insurance in St. Petersburg, Florida covers any collision while Comprehensive Commercial Auto Insurance covers all other instances apart from collision.

For Workers’ Compensation Insurance in St. Petersburg, Florida, the general requirement is $500,000/$500,000/$500,000. This provides coverage for your workers in case of a claim where the owner is liable up to $500,000. In approximately 99% of situations, the owner is not held accountable, and the coverage for workers’ compensation is unlimited.

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