Companies categorized under this industry work mainly on roof related jobs such as roof treatment, spraying, coating, painting, and skylight installation. Roofing contractors can choose from a long list of insurance policies. Get a free quote today!
Get protected against employment-related issues
All Standard plan benefits and:
*plus Workers Compensation
As a roofing contractor, you are relied upon by residents and other businesses for quality work, despite the storms or other dangerous events that may reverse the work you have done. With all the coverage you can have there is no need to worry about employee injuries, transport to job sites, oversights on the job or other mishaps, as your business and any potential legal fees will all be covered.
Covers you when you accidentally damage a third party’s property or cause injury. It also includes coverage for libel and slander.
Pays to replace business property that is damaged by a covered circumstance or stolen from your place of business.
This coverage is mandated in most states once you have three employees. It pays medical bills and lost wages if an employee injures themselves while working for you.
Protects you if you miss a vital step in the roofing process that causes damage to your customer’s property. It also covers if you offer advice to customers that cause harm or injury.
Pays expenses that result from an accident you are held responsible for. If you use a personal auto, you still need non-owned and hired-auto insurance to protect you when driving for business purposes.
Roofing insurance costs depend on the insurance carrier’s view of your services and the location of operations. Most carriers ask for loss runs and experience, whether you have employees, and copies of any safety policies in place to calculate a premium. Generally, it is hard to find General Liability coverage for less than $2,000/year for roofing work. Request a roofing insurance quote today by completing our online quote form.
Companies categorized under this industry work mainly on roof related jobs such as roof treatment, spraying, coating, painting, and skylight installation. Homeowners and businesses look to roofing contractors to provide quality work and keep their building free of unwanted water. Without your services, many would be unable to repair or replace a damaged roof. As a roofing contractor, you work long hours year-round and demand for roofing services increases after severe storms and long winters. Roofing contractors insurance is vital to your business’s financial well-being. All it takes is one slip or minor oversight, and you can end up dealing with a lawsuit instead of creating an income.
Roofers face numerous risks every day. Take a look at some of the most costly:
Although your General Liability insurance offers broad protection for your business, it won't be able to cover every incident. For example, a contractor fails to place insurance on a building, and it's destroyed by a fire before its completion. The owner seeks payment from the contractor for the value of the building, claiming breach of contract for failing to secure insurance. Contractual Liability insurance covers the roofer from payment in this example.
As a residential roofing contractor, it is likely that you own some pieces of unique contracting equipment to help you get your jobs done. Even if you don’t own them, you may rent or lease from an equipment leasing company. Borrowing equipment from a friend or family member is another situation you may find yourself in, especially if your own equipment is not working for whatever reason. Regardless of why the equipment is in your possession, you are responsible for it. If you own equipment and something happens to it, you would want to replace it. If you rent or lease, the equipment company will require that you replace it. Your friends and family would likely expect the same.
Inland Marine Insurance for roofing contractors is critical so your business can keep on running. The whole reason you started your roofing contracting business is to turn a profit, right? The best way to do this is to have the proper insurance program in place for when unforeseen incidents occur and interrupt your normal business operations. Being able to replace necessary equipment quickly can be a make or break point for your business. Inland Marine insurance can replace your equipment in a more efficient way than if you had no coverage at all.
When it comes to owning a business, having employees can really help boost the income for commercial roofing contractors in California. While having employees is a great way to grow your business, there are some additional risks associated with them. As a contractor in California, you should carry Workers Comp insurance for your employees. Not only is it most likely required, but your employees will also feel more secure knowing that if they get hurt or ill on the job, they will still be able to pay their bills. Workers Compensation insurance will pay for their lost wages and medical expenses from a work-related incident.
Commercial roofing contractors in California should also purchase a Workman’s Comp insurance policy because it protects them from lawsuits alleging negligence. If an employee is hurt on the job and claims that you were negligent which caused the incident to occur, you will more than likely have to go to court. Workers Compensation insurance has Employers’ Liability built-in which will pay for any judgments or settlements, as well as defense costs. With the cost of court fees and attorney’s fees in California these days, Workers Compensation is worth having for your commercial roofing business alone.
Retail shops are not the only business that needs to have Commercial Property insurance. As a residential roofing contractor, do you have a building that you use as an office? Or a storage unit where you keep materials? If you do, then you need Commercial Property insurance to provide protection for the building and the items inside in case of fire, theft, and other perils. Without Commercial Property insurance, you could be left with nowhere to conduct business should something devastating, like a fire, happens to your business. Even if you rent a building from a landlord, often they will require you to insure the building, per their leasing requirements.
Additionally, if you have any signage that advertises your business or you store important documents relating to your business in your building, these items can be covered under the policy as well. When it comes to the stuff inside, this means your business personal property and can be anything from furniture to computers to paper to printers. An easy way to determine what is business personal property and not the building is to imagine turning the building upside down, and anything that falls out would fall under that. Commercial Property insurance is essential to any roofing contractor that depends on any kind of business property to do business.
CoverWallet utilizes state of the art technology to help small businesses understand and buy customized coverage, get significant savings and conveniently manage their insurance, in a matter of minutes, all through our online platform.
You wanted better protection and cheaper pricing. So did we. We baked that dream into everything we've set out to accomplish in building our award winning platform.
We have one! How much could we have really improved the insurance purchase process? Try us! We ask only the questions you need to answer, nothing more.
We are proud to be part of Aon, the leading global professional services firm providing advice and solutions in Risk, Retirement and Health. With us, you’re in good hands!
Leave your email so that your quotes will be sent directly to your inbox.
We won't spam you, we hate it too.