Need Florida Roofers Insurance Coverage?
Roofing can be a rewarding business, but it’s not without risks. To protect your workers and your company as a whole, you need quality insurance coverage. The right insurance protects your company, your workers, your tools, and even your reputation.
Best of all, the right coverage doesn’t have to be expensive. Affordable Contractors Insurance can help you find thorough Florida roofers insurance coverage to give you peace of mind — all for a low price!
Residential Roofing Insurance in Florida
If your company primarily works on residential properties, you need a residential-specific policy. Generally speaking, damage to residential properties is less expensive than damage to commercial properties, so premiums and policy limits tend to be lower.
With that being said, when you’re choosing a residential roofing insurance policy, don’t make the mistake of only trying to get the lowest monthly premium you can! Very cheap insurance policies often offer limited coverage, high deductibles, and low policy limits.
High-deductible insurance policies can leave you high and dry in the event of damage to a customer’s property. A deductible is the amount you pay before insurance covers the rest. The higher the deductible, the more you end up paying out of pocket.
Policy limits set the maximum amount your insurance provider will pay. Let’s say something goes horribly amiss and you cause $200,000 worth of damage to a customer’s home. If your policy limit is $100,000, you’ll be stuck paying the remaining $100,000 out of pocket.
In many cases, it’s wise to get more coverage than the required minimum. When customers see you have a high policy limit, they’ll know that you take the responsibility of working on their home seriously.
Commercial Roofing Insurance in Florida
If you and your company work on commercial properties, you will need separate commercial insurance. Commercial roofing insurance will generally cost more, as commercial damages can be incredibly expensive. As a result, most commercial policies can cover millions in damages:
- Most have a $1 million cap
- They also usually have a $2 million umbrella policy
- If you’re working on a larger building, you may need an umbrella policy of up to $5 million
The exact coverage you need for a commercial policy is typically set by the property owner. Before agreeing to a contract, make sure to carefully review the required policy minimums.
In some cases, you may get a contract that requires more coverage than you have. At ACI, we can help you upgrade your coverage quickly and easily. Our experienced agents will be able to review your contract requirements and find you a policy that meets or exceeds them.
Find the Best Policy for You
Whether you’re looking to purchase your first Florida roofing contractor insurance policy or you have purchased insurance before, it can be very difficult to know what you need in a policy (and what you don’t).
But at Affordable Contractors Insurance, our knowledgeable agents have a deep understanding of the roofing industry and the insurance industry. We can take a careful look at your business, help you decide what types of coverage you need, and find you the right policy for a great price. Contact us today for a free quote for Florida roofers insurance!
