Indiana Roofers Insurance Coverage: Why Do You Need It?
Even if you take every precaution you can, roofing is a dangerous business. The right insurance coverage can protect you, your workers, and your business as a whole in the event of a mishap. However, the right insurance policy also has several benefits you might not have realized.
What Kind of Roofing Contractors Insurance Do You Need in Indiana?
If you’re new to the world of contractors insurance, it can be helpful to know about the main types of insurance available to roofing businesses:
- Commercial Auto Insurance: Protects your work vehicles if they are damaged and covers you if a work vehicle is involved in an accident
- General Liability Insurance: Covers you if you damage a customer’s property or cause injury to a non-worker
- Workers’ Compensation Insurance: Covers medical costs and lost wages if a worker is injured on the job
- Tools and Equipment Insurance: Pays to repair or replace lost, stolen, or damaged tools and equipment
- Pollution Insurance: Covers you if a third party claims that you’ve violated environmental protection laws
- Professional Liability Insurance: Covers mistakes in your work, even after the work is finished
- Cyber Insurance: Protects you from liability if there’s an online data breach
Indiana doesn’t have a statewide law on licensure and insurance, but there may be specific requirements depending on your locality.
Even if you live somewhere insurance is not required, it’s always wise to carry both general liability and workers’ compensation insurance. If someone files a lawsuit or claim and you aren’t insured, you’ll be stuck paying for legal fees (and any settlements) completely out of pocket.
You will also need to decide whether you need residential or commercial insurance. Residential roofing insurance in Indiana covers you if you work on customers’ homes. Commercial insurance covers you if you primarily work on commercial properties. Generally speaking, commercial policies have higher policy limits.
Choosing a policy, especially for the first time, can seem overwhelming. But at Affordable Contractors Insurance, we’ll be with you every step of the way.
How Insurance Coverage Benefits Your Business
The right residential or commercial roofing insurance in Indiana offers your business financial protection. But did you know that it has other benefits too? When you have quality coverage, potential customers will be more likely to want to work with you.
If a customer sees that your roofing company is fully insured, they’ll know that you’re serious about your business and reputation. And just as insurance offers you peace of mind, it does the same for your customers.
If a customer hires an uninsured roofer and that roofer suffers an injury, the roofer can file a claim against the customer’s homeowners insurance.
Get Indiana Roofers Insurance Coverage with ACI
ACI is one of the few insurance companies that only work with contractors. As a result, our insurance agents know the ins and outs of the roofing industry. Once they’re familiar with your business, our agents can assess your needs and help you find the right policy for the right price. Start by contacting us for a free quote.
