We’ve got you and your roofing business covered…
Whether you’re an independent roofer, run your own roofing business, or even contract to a larger roofing company with contractual requirements at big sites – insurance for roofers is essential to protect yourself against costly lawsuits and other risks such as damaged/stolen equipment.
To safeguard your business and get the peace of mind you deserve, roofing contractor insurance is strongly recommended. Learn everything you need to know about it here!
Scenarios and Examples – Why You Need Roofing Contractor Insurance
Accidents can happen while you work on your clients’ properties…
Consider your ladder or scaffolding gets accidentally pushed over and damages a vehicle or damages the property and a window; Or a large wind storm occurs and blows refuse out of the uncovered garbage bin, which scratches up a number of nearby cars.
What if sparks from your hot work catch ahold of materials and starts the building on fire ?
Commercial General Liability covers the associated costs and possible legal fees of these types these property damage claims.
Roofing equipment and material go missing
You are working on a 15 townhouse project. The Roofing materials get delivered to site at the end of the day for installation. When you return in the morning, some of your equipment, tools and building materials are no longer there.
Contractor’s Equipment, Portable Tools insurance and Installation Floaters help cover the cost of buying new equipment and materials.
What Does Insurance for Roofers Cover?
Roofing Insurance is a bit of a generic term, that can be used to describe all types of insurance needed for most roofing contractors and roofing companies.
Working with you, one of our brokers will help identify which coverages compliment you and your business. Based on your specific risk/operations, we will obtain quotes from insurers to get you the best comprehensive coverage for your money. If your work is not just residential shingles, but includes “hot work”, it can be harder to obtain coverage – but we have insurers who can help!
The following list are examples of common coverages needed by roofing contractors.
Commercial General Liability Insurance
Commercial General Liability is the primary insurance that all contractors need to protect their business. Whether you need coverage at a specific limit contractually to get onto sites for clients, leasing space / yard, or just being a prudent business owner – all businesses and independent roofing contractors need this coverage. There are a variety of risks that can possibly lead to bodily injury or property damage to someone else. Commercial General Liability protects your company financially in these instances, by covering legal and medical costs as well as any judgements / settlements.
Other Liability coverages that may apply to Roofers that extend from the Commercial General liability may include Faulty Workmanship, Professional Liability, Limited Pollution, Fungi & Derivatives and even Forest Fire Fighting Expenses. No matter how careful you are, accidents can happen.
Contractor’s Equipment or Portable Tool Insurance
If you are a contractor, as you know losses of tools / equipment are unfortunately not a rare event. In fact, a survey found construction sites experience an average of two thefts per year with losses averaging almost $2000 for tools. Contractors Equipment Insurance helps transfer the risk of large losses to the insurer, while the smaller losses (under or close to the deductible) become the business’ loss. Insuring these items allows you to get back to your jobs quicker and with fewer financial losses. There are also related types of losses in these areas, like costs for renting replacement tools / equipment, hiring special tools for projects that Contractors Equipment coverage can extend to cover.
Commercial Auto Insurance for Contractors
Roofing contractors travel often between work locations and job sites. Whether you travel in your own personal vehicle or have a commercial truck or van, commercial auto insurance is crucial. Commercial auto insurance can protect you financially from auto collisions, cover damage to your auto and provide funds to defend yourself legally whether or not you are at fault for the claim.
Legal Expense Insurance
Sometimes there are legal issues that crop up for businesses that fall outside the scope of traditional insurance and yet, you may still have to pay a lawyer to help you resolve the issue. For example, dealing with CRA Tax Audits, contractual issues with vendors, customers not paying their bills, Occupational Health and Safety Investigations, Employment Disputes. For these types of instances, we can look to place a small Legal Expense insurance policy to transfer the risk of up to $200,000 per claim in legal expenses / business exposures to the insurer.
Another great benefit of legal expense insurance is that there is a free Legal Advice Help line available, where you can call in for day to day legal advice from contracts to an employee/employer dispute.
What are the Benefits of Roofing Insurance?
- Meet Contractual obligations / allows you to work with bigger clients
- Financial / Asset Protection – A small cost for unexpected events.
- Peace of Mind
- Clients/customers feel more secure
- At Collis Insurance, you get a customized policy with a the right coverage / price combination for your business.
Types of Roofers that Need Insurance
- Shinglers
- Metal Roofers
- Flat Roofers
- Hot Roofers
See for yourself what clients have to say about us
FAQ
FAQ
Have a question? Don’t hesitate to reach out!
(403) 265-5475
Or send us a chat below!
Do Roofers need Insurance?
Roofing contractors – whether operating as a business or on a sole proprietor basis – need business insurance. Without insurance, you will be excluded from working from all but the most inexperienced clients and prevented from being on Commercial sites. Additionally, the associated expenses, fees and legal expenses of unexpected accidents can pile up quickly, which can put your business and reputation at risk.
How much does Insurance for Roofers cost?
The cost is dependent on a variety of factors, which inevitably starts with what types of projects are you working on / materials being used? Then moves on to include the size of your business, years of experience, annual revenue, contractual requirements and limits / coverages needed for your business.
From Residential Asphalt Shingles only, to working on larger Commercial projects with Hot Work, Collis can help get the right coverage / price combination for your business.
How do I make sure I'm getting the right insurance coverage for my business?
Our brokers take time to understand your specific business exposures. We will discuss your type of operations, concerns, type of projects that you work on, contractual requirements and limit options available.
From there we will obtain a variety of options to consider and you choose what limits / coverage you desire to create a tailored policy – that fits your business insurance needs/budget.
Have a question?
Your trusted Collis Insurance Business Insurance Broker can help and also offer additional coverage for consideration, like Cyber & Privacy Liability, Legal Expense Insurance, and other relevant coverage.