Roofers face many risks such as falls, property damage, and worker injuries daily. This is why roofing insurance is critical. Having roofing insurance will ensure you are protected from liabilities and your business assets remain secure.
What Type of Roofing Insurance is Needed?
Your insurance needs will depend on various factors such as the nature of your business, if you hire subcontractors, and the type of climate you work in. It’s also important to get quotes before deciding on coverage. The following types of insurance should be evaluated along with a reputable insurance agent.
- General liability protects you in the event a non-employee is injured or property is damaged. It covers bodily injury, personal injury, advertising injury, medical payments, and independent contractors liability. Insurance payments consist of compensatory, punitive, and general damages payments.
- A business owner policy is a combination of general liability, property damage coverage, and loss of income coverage for small business owners.
- Workers’ compensation provides lost wages to employees injured in work-related accidents.
- Professional liability protects you from legal claims against you as a result of recommendations provided by you that may have resulted in a loss for a customer.
- Product liability protects you if your products cause injury or a loss to a customer.
- Commercial vehicle policy covers the vehicles used on your jobsite.
Understanding the types of insurance available to you will position you to be protected at every level as you conduct your roofing business operations. Failing to secure sufficient roofing insurance will cost you in the long run.
If you would like to speak with a knowledgeable roofing attorney, please contact us at 813.579.3278, or submit our contact request form.
Disclaimer: The information contained in this article is for general educational information only. This information does not constitute legal advice, is not intended to constitute legal advice, nor should it be relied upon as legal advice for your specific factual pattern or situation.