Insurance For Commercial Roofing Companies – What You Need To Know

Did you know that every commercial roofing company in Boca Raton has to be insured?

Yes, all companies that offer commercial roofing in Boca Raton have to be insured. Many clients often ask about the risks related to roofing and how can these risks affect them. Roofing is a rather risky activity – there are a lot of things that could go wrong. This is one of the major reasons why commercial roofing companies require insurance. Both employees and clients can be exposed to multiple risks. For instance, injuries and accidents can happen during construction work. Therefore, proper insurance must always be available.

Insurance for roofing companies benefits both the companies themselves and their customers. There are many types of insurance for roofing companies – let’s take a closer look at what you need to know about this important aspect of roofing:

What Is Roofer’s Insurance?

Roofer’s insurance is an insurance agreement that can cover a commercial roofing company in Boca Raton and its clients when something bad happens. Insurance companies offer this type of insurance for most roofing companies in the United States. The insurance covers the legal expenses that may occur during a possible lawsuit following an injury, damages or any other accident that might occur. The insurance is usually active while the employees work on both new roofs and old roofs. It is a type of workers’ insurance that covers virtually every aspect of working with or on roofs. Clients should always ask the roofing company whether it has insurance and what it covers. It’s a very important step when looking for a new contractor.

So, Roofers Need Insurance, But Why?

Construction work is considered dangerous, and roofing is no exception. In fact, roofing is often considered even more dangerous than other forms of construction work because the work is done at great heights. Common accidents include falls, personal injuries, collapsing roofs, and others. In some cases, roofers can claim liability from their clients because these accidents occurred on their property. If a commercial roofing company in Boca Raton is insured, the client is protected when accidents happen – the roofer will not be able to claim liability from the client.

On the other hand, accidents can cause damage to the client’s property. If this happens, the insurance policy will also protect the client. The customer will not have to pay for the damages caused by the roofer – the insurer pays for everything.

The Coverage Of Roofer’s Insurance

There are multiple insurance packages for roofers. The type of insurance a roofer chooses depends on the coverage they want. Usually, most roofing companies choose insurance based on their workload, type of work, work schedule and if any subcontractors were used. There are multiple factors that can affect the insurance policy, and some roofing companies may have a very different type of insurance from others. For instance, a roofing company that works all year round may have a very different policy than a company that only works during the summer. The same goes for the type of work – contractors working on new roofs vs contractors working on old roofs. The insurance policies can also vary based on any other work that the contractors do outside the realm of commercial roofing (this is because some contractors offer complete construction work services, and roofing is simply a part of their services).

Here are some forms of insurance that some companies in Boca Raton are using: 

The Professional Liability

Professional liability insurance is very different from general liability coverage. This type of insurance is ideal for companies that also offer consultation services to their customers. This is important because clients may follow your advice, and damages can occur. If the advice has caused the damages or accidents, the client can claim liability. This type of professional liability covers these scenarios. A roofing company is protected from any legal claims that can arise in this scenario. This type of insurance is popular for larger roofing companies and is critical if consultation services are also offered.

The Business Owner Policy

This is another type of insurance offered to roofing companies. The coverage is usually offered for the owners of small roofing companies. This insurance covers the actions of the business owner that provides commercial roofing in Boca Raton. The coverage works together with other types of coverage and can also protect the client in case anything goes wrong. This insurance is often combined with other types of insurance, resulting in lower fees and a discount on the overall insurance price for the roofing company.

General Liability Insurance

This is the most common type of insurance for roofing companies. If you are a client, always ask the roofing contractor if they have general liability insurance. Only go for contractors who have this type of insurance.

This type of insurance covers every type of personal injury that can occur during construction, from to non-employees customers and property damage. The insurance also covers damages caused by a third party. Professional liability coverage is offered to all roofing companies. This type of insurance offers coverage for all the employees (most insurance providers offer insurance for ten employees and more). The insurance automatically covers the new employees, as the old ones leave. Insurance is critical in the roofing business. It gives you peace of mind, both when it comes to employees but also when it comes to the client and his or her property. The liabilities can be massive, and protection is needed at all times.

Workers’ Compensation And Other Types Of Insurance

This insurance covers the roofing company’s employees, in case they are no longer able to work or become injured following an accident. This special insurance helps companies pay for their employee’s compensation and offer them a safety fund in case anything bad happens.

There are other types of insurance for commercial roofing companies. For instance, commercial vehicle insurance is designed to cover damages to your vehicles and transportation equipment. Also, insurance companies offer insurance for tools and equipment.