Roofing insurance is coverage for a variety of work-related risks associated with running a roofing company. The most common coverage for roofers is general liability, which could minimize your business’ out-of-pocket costs after an accident.
Roofing liability insurance
Roofing liability insurance protects roofers from many accidents, including third-party injuries and property damage. These professionals usually get general liability coverage through the excess and surplus lines (E&S) market, which serves high-risk professions.
E&S carriers follow different regulations than standard insurance companies, which gives them more freedom when writing policies. This freedom means they can cover new businesses or hazardous professions that standard insurers won’t protect.
You can get the same amount of general liability protection in the E&S market that you would with standard carriers. You’ll also receive the same level of service, including the ability to speak with an agent and file claims.
Starting a quote is the best way to get general liability insurance for roofing contractors.
How General Liability Helps Roofers
Roofing contractors liability insurance could safeguard your business in various situations. Some examples include:
- Property damage: Commercial roofing contractor insurance could protect your company if falling debris damages a homeowner’s property.
- Medical expenses: General liability covers customer or third-party injuries caused by stray tools or falling shingles.
- Products completed operations: This coverage could protect your company if a roofing project is completed incorrectly or doesn’t address the customer’s concerns.
An agent can review these common risks associated with your job and help you secure insurance for your roofing company.
Roofing contractor insurance cost
Roofing contractor insurance cost depends on several factors, including your coverage needs, number of employees and claims history. Your exposure to risk also affects what you’ll pay.
Roofers need to get general liability insurance from the E&S market, which means their premium might be higher than a standard market plan. E&S insurance usually costs more because these carriers support expensive claims that typical insurers can’t handle.
Other contractor professions, like HVAC technicians, will usually have lower insurance rates than roofing companies. These jobs both provide essential home services, but roofing is considered more dangerous.
The easiest way to find out your insurance cost is to get a quote.
Start a roofing insurance quote
A roofing insurance quote from Progressive Commercial can help you better understand your coverage options and potential premium.
We work with highly rated E&S insurers to provide you with safe, effective insurance options. Our goal is to connect you with the best roofing liability insurance for your business.