The Importance of Having Contractor's Insurance

As a roofer, you know the dangers of your job and do all you can to protect yourself and your fellow employees. When doing a roofing job, you must also protect the homeowner. Should your work cause damage to their home or to them, you could be held liable for thousands of dollars in damages. Many homeowners will not hire a contractor unless they are covered with liability insurance. If you are a roofer you need to make sure you have the right amount of roofers insurance so your business is properly protected.

Though you work to provide superior work for your customers, mistakes can happen. Should one of your workers do a poor job or use an inferior product, the roof of your customer's home may not properly protect them. Once the roof begins to leak, major damages could occur. Unfortunately, this could lead to serious structural damages and your company would be to blame. Without coverage you could be responsible for paying for all of the damages out of your pocket and even being taken to court.

When choosing a General Contractors Insurance policy you will pay premiums according to the amount of coverage you purchase. Most roofers prefer to have around $1,000,000 in coverage. It is imperative you keep your premiums paid and current so your insurance does not lapse. Even a short lapse could spell disaster for your business.

As you conduct your business, you will find homeowners will want to see proof of your roofers insurance. It is a good idea to keep a copy of your policy with you while you are conducting business. Having proof of insurance shows homeowners you are focused on protecting them and will work to provide professional service.

A typical contractors liability insurance covers:

Bodily injury to one of your employee's or a customer

Any loss that occurs because of the roofing work you performed

Personal injury to your business' reputation due to slander or copyright infringement

Any advertising injuries

Medical payment coverage for any injured individual

Unfortunately, a general policy does not cover any subcontractors you may hire. If you work with subcontractors it is a good idea to add in coverage for them. You can ask your insurance agent to help you understand the different types of coverage available and which ones will most benefit your needs. Make sure you get the full liability coverage you need so you are not at risk.