South Dakota Roofing Contractors Insurance
Even if you’re the most careful roofer on the planet, mistakes can and do happen. And in the event of one of these mistakes, the right insurance policy can protect your business from ruin.
Imagine that you’re a commercial roofer and accidentally cause $1 million in damage to a customer’s property. If you’re insured, your insurance will cover the cost of repairing the mistake. If you aren’t, the cost of paying for that damage may be enough to bankrupt your company.
Compared to the cost of an incident, the cost of residential or commercial roofing insurance in South Dakota is trivial. But to ensure that you’re as protected as possible, it’s important to choose a comprehensive policy. Affordable Contractors Insurance can help you find it.
The Right South Dakota Roofers Insurance Coverage Matters
If you already know about contractors insurance, you likely know that it will cover medical costs if an employee or non-employee is injured. It also will cover your legal fees if your case goes to court. And if you or an employee damages a customer’s property, your insurance will pay for that as well.
However, if you have an overly cheap insurance policy or one that doesn’t have much coverage, there are plenty of costs your insurance may not cover, including:
- The cost of work disruptions due to materials damaged in transport
- The cost of delays caused by damaged equipment
- Income lost due to unforeseen business disruption
If you’re new to the world of insurance, you might not know how well your business is covered. At Affordable Contractors Insurance, we carefully examine policies and help you choose a South Dakota roofing contractors insurance policy that keeps your business thoroughly protected.
Why Is Residential Roofing Insurance Different From Commercial Roofing Insurance?
As a business, roofing comes with significant risk. That risk also extends to property owners who hire third-party contractors. If an uninsured contractor causes substantial damage, the property owner may have trouble recouping damages.
The cost of that damage can vary greatly between residential and commercial properties. Because the total monetary damages to a residence are usually lower than damages to a commercial property, residential roofing insurance in South Dakota typically has a lower policy limit (and a lower premium).
Many commercial property owners require third-party contractors to carry $2 million or more in liability insurance, so both policy limits and premiums are typically higher for commercial policies.
Different contracts may have different requirements for the type of insurance you need. If you already have a policy but need to update it to fulfill a contract, ACI can help you do so quickly and easily.
Let ACI Find the Best Policy for You
At Affordable Contractors Insurance, we know both the roofing industry and the insurance industry. As a result, we have an edge over other insurance companies when it comes to meeting the needs of contractors. We’re proud to be able to find you a great policy quickly and for the right price.
If you’re ready to get started with an insurance policy you can trust, contact us today for a free quote.
