Contractors Insurance for Roofers

As a roofer, you face a great deal of risk. Every job you take on, every employee you work with and every time you head out onto the road, there are risks involved in the operation of your business. If you have the right type of contractors insurance, though, you may be able to reduce some of those risks and improve your long-term outcome. The fact is, a single incident or accident can lead to thousands of dollars in bills that your company may be responsible for paying. For many roofing companies, this leads to lawsuits and shuttering of the business.

How to Mitigate Risks as a Roofer

Of course, you’ll want to take every step possible to reduce the risks present on each jobsite. You’ll want to invest the time necessary in building your business’s employee skill so that there are fewer mistakes made during projects. But, business insurance is also necessary. It can help to fill in where the mistakes and accidents commonly occur. Some of the most common areas for liability protection include the following:

• General liability is the first line of protection. These are basic policies but offer a sizable amount of protection from claims made against your business.
  
  
• Professional liability insurance may also be necessary for most roofers. Your expertise plays a big role in jobs you perform. If a mistake were to happen, though, it could mean a large amount of structural damage. This higher level of liability insurance can help to minimize the costs.
  
  
• Workers’ compensation insurance is also necessary. Roofers have a higher chance of being hurt on the job and it is more common than not for roofers to fall, step on something or otherwise become severely hurt, requiring expensive medical care. This insurance helps minimize these risks to your business.

In addition to this, most companies also need to consider the value of product liability insurance to safeguard against product-related failures. Commercial auto insurance can also be an important type of coverage for contractors operating with vehicles. Contractors insurance like this needs to be designed to address the specific liability risks your company faces. With the help of your coverage, you can mitigate many of the risks that could lead to costly lawsuits and claims made against your company otherwise.