Commercial Roofing Insurance in Missouri

The world of roofing insurance is a complex one — you can insure every part of your business from tools to job completion. However, the most important type of insurance in Missouri is liability insurance. Missouri requires roofers to carry at least $1,000,000 in liability insurance.

But when it comes to choosing a policy, “liability insurance” is more complicated than it sounds. At Affordable Contractors Insurance, we offer a type of liability insurance to suit every business.

Missouri Roofers Insurance Coverage: Types of Liability Insurance

Broadly speaking, liability insurance protects your company in the case of property damage or injury to a non-employee. When selecting your policy, you can choose between claims-based insurance and occurrence insurance.

The following are some details you need to know about claims-based insurance:

• It covers incidents only if you make a claim during your coverage period
• It is generally cheaper than occurrence insurance
• It will not cover an incident that happened in your coverage period if you submit a claim after the policy has expired

This is an economical choice. But if you go with claims-based insurance, make sure you promptly file claims if anything goes wrong!

On the other hand, occurrence-based insurance:

• Will cover any incident that incurs a cost while your policy is in effect
• Will cover these costs even if the related incident happened before you had the policy
• Will often cover these costs even if you didn’t know about the related incident when you obtained the policy

Not sure which type you need? Don’t worry — at ACI, our agents only work with contractors and roofers, so they will be able to assess your business and recommend the best residential roofing insurance in Missouri for your business.

What Does Liability Insurance Cover?

Liability insurance covers many potentially large costs, but it doesn’t cover everything. Most policies will cover the following:

• Property damage
• Non-employee injuries
• Any legal costs related to claims

Note that these policies typically will not cover injuries to you or your employees. For this type of coverage, you will need a separate workers’ compensation policy. You may also need separate coverage for commercial vehicles and any tools you own or rent.

You may want to purchase a contractor bond, also known as a surety bond. This type of bond will pay your client if your business is unable to complete a job. For instance, if you have an injury or fall ill and cannot fulfill a contract, a surety bond protects you from legal action.

Choosing Your Missouri Roofing Contractors Insurance Policy

At Affordable Contractors Insurance, we can find affordable policies that still offer ample coverage. We’ll prove it, too. When you get a quote for commercial roofing insurance in Missouri, we’ll show you competitor prices to let you know whether you’re getting the best deal possible. Most of our customers save 15% or more compared to competitors.

Whatever you do, don’t wait until you’re facing an expensive lawsuit to get coverage. When you contact us for a quote today, our knowledgeable agents will be happy to answer any questions and help you find a policy that fits your needs and your budget.

New Mexico Roofers Insurance Coverage

It can be tempting to take a gamble and work without contractors insurance. After all, if nothing goes wrong, you’ll save some money by not paying insurance premiums.

But that gamble rarely pays off. Roofing is especially risky, so the right insurance can protect your business from lawsuits, employee injuries, and more. And at Affordable Contractors Insurance, we’re committed to finding the best policy for your business.

Why Do You Need New Mexico Roofing Contractors Insurance?

A good insurance policy protects your business. But what exactly does “protect” mean? That depends on the type of policy you have. In general, your insurance policy can help you in several situations:

• If you’re facing a lawsuit from a client, your insurance can cover legal costs and any settlement awarded to the client
• If you’re unable to complete a job, some types of insurance will pay your client
• If your tools are lost or damaged, some types of insurance will cover replacements
• If an employee is injured on the job, workers’ compensation insurance can cover medical costs

In the vast majority of cases, if you are uninsured, you’ll still be responsible for paying these expenses. For instance, if a client sues you and a judge awards them $20,000, that money would typically come from your insurance company. But if you’re uninsured, it would come out of your pocket.

In some cases, these costs can be great enough to put you out of business. Don’t take the risk! Getting insured with ACI is quick and easy, and you’ll get newfound peace of mind.

Why Do Your Customers Care About Your Insurance?

In New Mexico, roofers are required to have some type of insurance, including workers’ compensation. But residential roofing insurance in New Mexico doesn’t only protect you — it protects your clients, too. And when you make sure your clients understand that, your insurance becomes an outstanding marketing tool.

If you work on a client’s home without insurance, the client can be held liable for any injuries you sustain on their property. Understandably, most homeowners won’t want to take that risk. Often, homeowners will ask to see proof of insurance before even considering you for a job.

New Mexico roofers insurance coverage also protects the customer’s property. If you cause damage to the home you’re working on, your client can file a claim against your insurance. That way, damages will be covered, you can avoid the hassle and cost of a lawsuit, and your business won’t have to take a financial hit.

Let Affordable Contractors Insurance Help You

At ACI, we offer insurance only for roofers and contractors. That means our agents will be able to help you select the perfect commercial roofing insurance in New Mexico. We search for insurance providers so you don’t have to.

We do more than just find insurance, though — we take pride in our ability to find you great discounts. Many of our customers save 15% or more over our competitors’ pricing. Contact us today to get started with a free quote!