What Type of Insurance Should a Roofer Have Before Starting a Job?

As a roofing contractor, it is essential to have valid and verifiable workers' compensation insurance, as well as liability insurance that protects the homeowner or business owner in case of an accident. The first of the two main insurance coverages for roofers is the general liability policy. This policy covers property damage or bodily injury caused by you or your team while working on a roof. It also covers any damages caused by defective work after construction is finished.

A business insurance policy can include commercial liability, property and general liability coverage that takes effect when certain scenarios occur. Liability insurance protection may apply to legal defense costs if a customer or general contractor alleges that you are at fault when an injury or accident occurs on a project. Policies on tools and equipment come into play if construction materials are stolen from a workplace, for example. In addition to the two main types of roofing insurance, some types of roofing and construction companies may also consider taking out professional compensation insurance that provides protection when errors or omissions require repairing or rebuilding a roof.

Workers' compensation insurance should also be considered an essential coverage when developing a roofing insurance program, as safety is of utmost importance in the roofing business. To be successful in the roofing industry, it is important to factor in the cost of insurance into your annual budget. While roofing contractors may have unique insurance needs depending on their operations and who their customers are, there are two policies that every roofing contractor should obtain to cover the basics.