Does Your Roofers Insurance Protect All The Right Things?

As a roofer, you know how valuable a Roofers Insurance program is to you. You are working in one of the most dangerous industries. The roofers industry ranks 5th from the top of deadly professions. According to statistics, around 50 roofers die annually, mainly due to falls. A Roofers Insurance program can protect you against financial costs including workers’ injuries.  The cost of medical bills adds up quickly. In the severe cases of death, lawsuits can follow.

Your Roofers Insurance program can shield your business from these expenses. Sometimes the project blueprint changes. This can affect the validity of your Roofers Insurance. Therefore, familiarize yourself with the fine print of your insurance policy. Then you will know if your Roofers Insurance still protects your assets when the blueprint changes.

In this guide, we will take a closer look at Roofers Insurance and how it can help your business.

What does this insurance cover?

The roofing industry is a unique industry with many challenges. Many variables might influence your insurance policy. The type of Roofers Insurance program that you require will depend on what your needs are. Let’s touch on some of the most common insurance policies that roofers choose.

  1. Business Owner’s Policies refer to a basket of options that each cover different segments of your business. These are ideal solutions for smaller businesses.
  2. General Liability Coverage focuses on shielding your assets against third party claims. These can stem from either injury or damage to property of non-employees.
  3. Workers Compensation Insurance is protection that you have against claims from injuries on duty. This can sometimes be a compulsory addition to your insurance portfolio, depending on the size of your business.

These insurance policies all play their unique role in protecting you. In addition to the above mentioned, there are other options that you can add to extend your insurance portfolio.

4 More options

Let’s consider 4 additional insurance options that you can add to extend the coverage that your Roofers Insurance program portfolio provides.

  1. Commercial Vehicle Insurance. You can insure your vehicles with Commercial Vehicle Insurance. This will cover your entire fleet used mainly for business purposes.
  2. Inland Marine Insurance. Roofers often travel between various sites. Inland Marine Insurance can protect your tools during these trips. This can be either in your vehicle or with a third party.
  3. Tools and Equipment. Not all the tools that you use are your property. Sometimes roofers hire more expensive tools. Therefore, you can protect yourself from the cost of replacing these tools with tools and equipment floaters.
  4. Workers Performance Bonds are often needed when you want to do either municipal or commercial projects.

Get the full Roofers Insurance coverage you need today

It’s always beneficial for you to discuss the finer details of your Roofers Insurance policy with your agent. When a project and the blueprint changes, this will probably influence your insurance premium. Keep your insurance agent updated. This will give you the certainty that your insurance will shield you against the financial strain of accidents.

Call Contractors Liability on (773) 985-2528 to discuss your insurance needs with our expert team today.

Jeff Campbell