Finding What You Need in Kentucky Roofers Insurance Coverage
If you’ve just started a roofing business, you may be considering different insurance policies for the first time. And if you have an existing business, you might be re-evaluating your current policy to see if it still meets your needs.
Navigating the world of roofing insurance can be confusing, but it’s an endeavor that’s more than worth taking on. The right insurance policy can protect your business from financial ruin while also helping you stand out in your field.
Why Do You Need Kentucky Roofing Contractors Insurance?
There are many types of insurance you can get as a roofer, but one of the most important types is general liability insurance. General liability insurance will cover costs if a customer or third party files a claim or suit against you.
To get a sense of how important this coverage is, imagine this scenario: You’re working on a customer’s home and a tool falls from the roof, striking and injuring the customer. That customer may file a suit against you for medical costs.
If you have liability insurance, your insurance will cover attorneys’ fees and court costs. If you’re ordered to pay a settlement to the customer, your insurance will also cover that (up to the limit stated in your policy).
However, if you have no insurance, you will need to pay all costs completely out of pocket. Attorney fees are often thousands of dollars, and settlements can be hundreds of thousands, if not more. In some cases, these expenses can be enough to bankrupt a company.
What’s the Difference Between Residential and Commercial Roofing Insurance in Kentucky?
If you’ve spent time researching insurance already, you may have seen that most providers offer both residential and commercial roofing insurance. Residential and commercial policies are structured slightly differently. A few of these differences include the following:
- Because commercial losses tend to be higher than residential ones, commercial policies generally cost more
- Most commercial property owners will require contractors to have a $2 million umbrella policy
- Owners of very expensive properties may require you to have a $5 million umbrella
If you work on both types of roofs or aren’t sure exactly which policy you need, our agents are happy to help. We can offer recommendations on what coverage level to get while still keeping premium prices within your budget.
Need Help Choosing Kentucky Roofers Insurance Coverage?
At Affordable Contractors Insurance, we know the unique challenges contractors face when choosing coverage. We only insure roofers and other contractors, and our agents are knowledgeable when it comes to both roofing and insurance.
When you work with us to find commercial or residential roofing insurance in Kentucky, the process is straightforward and painless. We’ll ask you some questions to get to know your business, design a policy that suits your needs, and offer you a quote.
ACI is proud to be able to make your money go further — our customers often save 15% or more off our competitors’ pricing. Want to see how we can help you? Contact us today for a free quote.
