Does Your Roofers Insurance Protect All The Right Things?

As a roofer, you know how valuable a Roofers Liability Policy 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 Liability Coverage 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 Policy. Therefore, familiarize yourself with the fine print of your policy.

What does this policy cover?

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. Your business might also need a tailored Roofers Liability Insurance depending on your exposure between residential, commercial, or both.

3. Workers Compensation Policy is protection that you have against claims from employees' injuries on duty. This can sometimes be a compulsory addition, depending on the size of your business and state requirements.

These policies all play their unique role in protecting you and your business. In addition to the above mentioned, there are other options that you can add to cover other important aspects in the business.

4 MORE OPTIONS!

Let’s consider 4 additional options that you can add to extend the coverage that your business might need.

1. Commercial Vehicle/Auto Insurance . This will cover your entire fleet used mainly for business purposes.

2. Inland Marine. Roofers often travel between various sites. Inland Marine 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.