by Marie King
Affordable Roofing Insurance can provide you with a reasonably priced roofing insurance that can protect your business against liability and your roofers when injured. You need roofing insurance because you as a roofer are in one of the most unstable and dangerous industries; as many roofing companies fold, as start-up in the roofing industry in any given year. As far as danger, these recent statistics bear out how dangerous a roofer’s job is:
Workers’ compensation, which is part of your roofing insurance, is a form of insurance providing wage replacement and medical benefits to employees injured in the course of employment in exchange for mandatory relinquishment of the employee’s right to sue his or her employer. This assures you that your roofer can gradually be brought back to work and your operations can be normalized.
Affordable Roofing Insurance provides general liability coverage. General liability coverage is critical to your risk management strategy because of the comprehensive protection that it offers to your business. General liability insurance for a roofing contractor usually covers five basic categories of business liability:
Physical harm to a person at your place of business, or an injury caused by your employee at a client’s site.
Losses after your business has completed work for a customer (such as repairing appliances or installing wiring), or from distributing products.
Damage to the reputation or rights of a person or business due to slander, libel, copyright infringement, invasion or privacy, false arrest, wrongful eviction, etc.
Losses caused by your advertising (spoken or written); for example, an ad that trashes a competitor.
Pays the medical expenses of a person injured on your premises (a customer, client, visitor, or even a trespasser) up to a stated amount, regardless of fault — as a goodwill gesture to prevent lawsuits.
Damage from the acts of an independent contractor hired by your business.
Damages Covered Your General Liability Insurance Policy will pay three types of damages:
Financial losses of the claimant, plus additional monetary losses resulting from the claim.
For intangible losses (“pain and suffering.” “mental anguish,” etc.)
Penalties against your business for committing a wrongful act.
You need to have roofing insurance. Affordable Roofing Insurance can give you the protection your roofers and your roofing company deserve at a reasonable price. The extensive coverage general liability can bring you and the protection workers’ compensation offers at Affordable Roofing Insurance price point can’t be beaten.