Roofing Liability Insurance
Roofing can be a dangerous job, but the risks aren’t always just with the roofer getting hurt. Mistakes or accidents on the job can cause injuries to homeowners and bystanders. Misunderstandings, poor communication, or neglect can possibly lead to a lawsuit.
Whether you dropped a hammer and smashed a priceless lawn ornament, or failed to properly flash a chimney, causing thousands of dollars of damage, you need to protect yourself and your business.
Liability insurance helps protect you and your business from potential catastrophes that could possibly put you out of business. Not only is it important to have, it is actually required by many states in the United States in order for you to be a legal contractor.
Be sure to research the contractor laws in your state to see what your requirements are.
Here are some areas in which a liability insurance policy can protect you.
- Personal injury: This involves slander, libel, and other types of damage to a person’s or business’s reputation.
- Bodily injury: This deals with protection in case of any job-related injury to a non-employee.
- Medical payments: This can help cover medical expenses incurred because of someone injured at your workplace.
- Advertising injury: If your customer claims a loss due to any products or services you have advertised.
- Independent contractors liability: Independent contractors you have hired should have their own liability insurance, but this adds another level of protection.
Liability insurance for roofers can vary in options and prices. Roofers have a much higher risk that painters, landscapers, and other contractors that mainly stay on the ground. Be sure to meet with multiple insurance agents to find the best policy and price for you.
Make sure you are honest about what type of roofing you will be doing. You need to make sure you have proper coverage in case of any unforeseen disaster. A minimum $1,000,000.00 umbrella policy should be considered. Most major lawsuits will not be cheap.
If you plan to have employees, you should also discuss your options for Worker’s Compensation, to help protect yourself in the event of injury or death of an employee.