Roofing is a very risky task. Since you will be working from heights, just a small accident could result in fatal injuries. Most roofers and roofing companies need to get the appropriate roofers insurance to protect themselves against unexpected happenings during work. Choosing the right insurance for roofers is very important since you have to make sure you will get the best protection against all possible incidents while performing roofing work.
Types of Roofers Insurance Coverage
If you own a roofing business, you should look into the benefits of roofers insurance. A comprehensive and trustworthy roofing insurance company will help you choose the right type of roofing insurance for your business. There are basically five types of roofing insurance policies: General Liability, Workers Compensation, Commercial Auto and Tools & Equipment, and Roofers Bonds.
The most common type of roofers insurance you should have is General Liability Insurance. This type of insurance will protect you against claims of personal injury, body injury, advertisement damage, property damage and a lot more. In case of an accident, the insurance company will pay for all liabilities tied with the damage.
In case of a Workers Compensation insurance policy, your employees will receive compensation for wage lost or medical expenses when an injury happens and affects their work schedule. Having such coverage is very beneficial and could save you a lot of money in the long run.
Roofers Bonds is another type of roofers insurance coverage that most roofing companies choose. This type of bond is negotiated and signed between the roofing company and the client. The bond agreement includes several conditions that are satisfactory to both parties such as license bond, bid bond, payment bond, performance bond.
The Commercial Auto and Tools & Equipment covers all financial loss that may incur in case of an accident. It is important that the roofer has the liability coverage to protect themselves because roofing involves high risks for the worker.
If you want to safely carry out your business projects, you have to get the appropriate roofers insurance coverage for yourself or your workers if you own a roofing company. If you are still unsure what type of coverage to select, contact us today for a free consultation.