What Kind Of Insurance Do I Need For My Roofing Company

The roofing business is a lucrative one, with lots of involvement. As a full-time roofer, it is essential to get insurance for your business. Have you been searching online for a good roofing company insurance near you? You don’t need to search anymore as Certified Roofers & General Contractors, Inc. is the best. A contractor’s insurance helps protect you and your business if there’s a lawsuit, an accident, or employee casualty. If you don’t have an insurance policy, you are obliged to foot the bills for these accidents, and such expenses may take a negative toll on your business. Also, prospective customers tend to go for companies with proper insurance coverage to not run into losses if an accident should happen. Grab this unique opportunity to work with the best roof repair Riverview FL company. Hire us today and get advice on all the requirements you need to get an acceptable insurance policy and protect your company. 

Factors to Consider before you hire a roofing company

The decision to hire a roofing company to handle your insurance policies is a delicate one and requires careful consideration. The kind of insurance you go for and the extent to which you are covered impact your business. It reflects on your customer’s view of your commitment and professionalism. What differentiates a professional roofer from an amateur is the type of insurance the individual has. A roofing contractor’s insurance is a worthy investment to make. Without proper insurance, a prospective client may choose to hire another company’s services with better insurance.

Appropriate contractors insurance enables your business to bounce back after an accident or unfortunate events like employee injury or damage to your company’s property. Not having insurance means you’ll most likely lose your business or assets if these events occur. 

Each roofing business has its peculiarities. Ensure you discuss the insurance types you need for your roofing company first with a professional before making any decision. You’ll get the best suggestion for your company and the type of insurance it needs. 

What kind of roofing insurance do you need?

Getting roofing insurance is not as easy as just choosing a policy. We have about three types of roofers insurance that will suit your business. They are: 

• Worker’s compensation
• General liability
• Surety bond

Sometimes, you may need different policies for your company’s protection and reassurance to your clients that you are professional. 

• Worker’s compensation: This insurance coverage serves to protect your staff if an injury or accident happens. As we all know, roofing is hazardous, and there are chances of an injury happening while on the job. Better safe than sorry.
• General liability: General liability insurance policy ensures your business is protected if a client faces a lawsuit, incurs personal damage, or accidental injury. It varies from worker’s compensation and can cover bodily injury, legal costs, property damage, etc.
• Surety Bonds: Surety bonds are also called Contactor bonds. It is a type of business insurance that mandates you to pay your client if you don’t complete a job. You pay a yearly fee to an insurance company. Inversely, they give you a bond at a particular cost. When you take on a job for a client, it is an obligation that you complete the job. In a situation where you don’t, your client can file for cost coverage to a maximum amount(penal sum) with the insurance company.

How much do these insurance policies cost?

Insurance rates differ, and they depend on your company, its location, and much more. Ensure you compare the prices of different insurance companies and their coverage so that you get the best roof repair Riverview FL services. Insurance rates differ, depending on many factors. To ensure the price is fair, check several policies and compare their prices and coverage. The policy amount you need does not depend on how big your job is. The smallest roof repair job can cost a lot in terms of legal costs and damages. Ensure your policy can cover any situation your business may run into, and you won’t run losses. 

Contact Us

Seize this opportunity to work with a reliable roofing company. All your roofing contractor’s insurance and repair needs will be well taken care of when you hire Certified Roofers & General Contractors, Inc. What are you waiting for? Contact us today and enjoy our roof repair Riverview FL services.