What type of insurance does a roofer need?
Roofing is a strenuous job and comes with multiple risks. As a smart business owner, having a careful and strategic plan for handling potential risks are a must when it comes to protecting your business.
Need help composing a plan? We can help. Let’s talk about some business insurance coverages that are beneficial for the roofing industry:
- General liability: -Insurance designed to protect business owners and operators from a wide variety of liability exposures. Exposures could include liability arising from accidents resulting from the insured’s premises or operations, products sold by the insured, operations completed by the insured, and contractual liability.
- Workers compensation: Workers comp provides lost wages if your employees become sick or injured in a work-related incident and are no longer able to work.
- Commercial auto insurance: Protects your cars, trucks, vans and specialized trucks and trailers utilized for your roofing business.
- Inland Marine Insurance: In the roofing industry, majority of your work involves transporting equipment and supplies needed to and from the worksite. Inland marine insurance protects property in transit (your tools and equipment) should they be lost, stolen or involved in an accident.
- Excess Liability: Excess liability insurance provides an additional coverage beyond that of an underlying policy, including general liability, employer’s liability, and auto liability policies.
Standard general liability insurance policies usually cover these five areas:
- Bodily injury: Protection for when/if anyone is physically injured at your place of business, or if you, or an employee, are responsible for injury to a non-employee at a work site.
- Personal injury: Covers any damage to the reputation or rights of another person or business (for issues like slander, libel, copyright infringement, privacy, wrongful arrest etc.)
- Advertising injury: Covers any claims of loss by your customers due to a product or service you advertised.
- Medical payments: Covers the medical expenses of someone injured on your property regardless of fault.
- Products and Complete Operations: Provides protection in an instance where your product, or completion of a project (for example, a roof) has caused bodily injury and/or property damage.
Insurance policies for roofers can be complex, so it’s important to get guidance from a knowledgeable agent. At Pettineo Insurance agency, we have been serving the South Florida area for the past 30 years and we understand the nature of the roofing industry.
Let us help create a protection plan tailored specifically for your business. To learn more about our general liability coverage options along with your other insurance needs, click here.
Pettineo Insurance Agency provides general liability insurance in Fort Lauderdale, Lauderdale-By-The Sea, Pompano Beach, Oakland Park, Boca Raton, Hollywood, Coral Springs, Tamarac, Sunrise, Hollywood, and all of South Florida.
