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Roofing Contractors Insurance

Roofing Insurance

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Roofing contractors are exposed to many hazards in the course of their work, from accidental injuries or property damage to auto accidents or fires. A costly lawsuit or accident could have a devastating effect on your company’s financial resources. This is why it’s a good idea to obtain a broad range of insurance policies to financially protect your company.

What insurance coverage do I need as a roofing contractor?

There are many types of insurance coverage to consider, but these policies are particularly relevant to roofing businesses:

Workers’ Compensation Insurance

Roofing work can be dangerous, and this line of work consistently holds one of the highest fatal injury rates among professions in the United States. It’s crucial for roofing contractors to obtain sufficient workers’ compensation insurance as well as encourage safe working practices. In the event of a work-related injury or illness, workers’ comp will provide funds for employees’ medical expenses and a portion of lost income during recovery. Workers’ comp also provides financial benefits to surviving dependents if an employee dies in a work-related accident.

Workers’ compensation insurance is required in almost every state for businesses that employ others. This coverage, even if not required, is particularly important for roofing businesses and their employees. Make sure to consult your local state guidelines, as failure to secure adequate workers’ comp coverage can lead to civil and criminal fines and penalties.


General Liability Insurance

General liability insurance covers accidental damage or injury to third parties and third-party property. Since roofing contractors work at a variety of locations and accidents are common no matter how careful you are, this is a crucial coverage. If your business is sued by a third party due to injury or property damage, general liability insurance can provide funds to cover legal fees, judgments, and settlements, in addition to medical payments. 

General liability insurance also includes coverage for products and completed operations. This covers property damage or injuries that are caused by your work after it has been completed. It will cover your completed roofing work if it ends up causing injury to someone or damaging property. However, it’s important to note that products and completed operations coverage does not cover damage to your product or completed work itself; it only applies if the completed work causes damage to a customer’s other property.


Commercial Property Insurance

Commercial property insurance will protect the value of your business property if it is destroyed or damaged by a covered peril. If an unexpected disaster strikes your office building or damages your equipment, it can be time-consuming and costly to recover from the loss without insurance coverage. Commercial property insurance can help provide funds to replace or repair damaged business property, including tools, supplies, signage, and more. Commonly covered perils include windstorms, hail, fire, vandalism, explosion, and water damage.

Commercial property insurance covers the following:


Inland Marine Insurance

Inland marine insurance provides financial protection for your business property that does not remain at a fixed location and is not covered by a standard commercial property insurance policy. This could include equipment, tools, supplies, and other items that your roofing company may need to transport from location to location or store at client sites.

Installation floaters are a common type of inland marine insurance for roofing contractors. These policies are specifically designed to cover your business while building or renovations are in progress. Installation floaters cover materials, supplies, and equipment while in transit, waiting to be installed, and during the installation process. This coverage can be purchased for a specific project or to cover all projects for a specified period of time.


Commercial Auto Insurance

Roofing businesses rely on a variety of vehicles to transport materials, tools, equipment, and workers to work sites. If your business owns or leases vehicles titled under the business’s name, commercial auto insurance is a key coverage to secure. If one of your employees is driving a company vehicle and causes an accident, your commercial auto insurance will pay for any resulting third-party bodily injury, property damage, or pollution cleanup. Commercial auto insurance also covers the value of the vehicle itself if it’s damaged by a collision or another peril, like a falling object or theft.

If your employees drive their own vehicles to clients’ locations, you may need to add hired and non-owned auto insurance. This coverage will protect your company if an employee is at fault in an accident while driving a personal vehicle for work purposes.


Commercial Crime Insurance

Commercial crime insurance provides funds to reimburse you for losses caused by theft, robbery, fraud, forgery, burglary, and other crimes. This coverage applies both to crimes committed by outside parties and crimes committed by your own employees. Roofing contractors face a variable level of crime exposure since they may own valuable equipment that is stored at worksites. Employees or others could target your company for theft or fraud. Commercial crime insurance can provide financial protection if your business suffers losses due to a variety of crimes.


Additional Coverages

Pricing and Quotes

Pricing for roofing contractor insurance will vary based on the type of insurance coverage and the risk profile of your business. Insurers consider factors such as:

Businesses with higher risks will have higher premiums than those deemed lower risk. For example, a roofing contractor with a history of frequent claims will face higher premiums. Premiums also rise as you increase the limits of insurance. Different insurance companies have different models for rating risks, so it is worth comparing pricing across different insurers.

In order to get an accurate estimate on pricing, it’s best to get a quote from a reputable insurance company. Below we’ve highlighted a few of our trusted partners who offer coverage for roofing contractors:

ProviderGeneral LiabilityProfessional LiabilityBusiness Owner's Policy

Final Word

Working as a roofing contractor can be risky, and it’s important to be prepared for unexpected disasters. If an incident occurs, whether it’s an expensive auto accident, an injury caused by your work, or a fire, recovering can be difficult and costly. Purchasing business insurance can give you the financial protection you need to continue operating even if a catastrophe occurs. 

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