What Insurance Should a Roofer Have?
Roofing insurance protects your greatest asset: your workers. Roofers can achieve this with an insurance policy that covers general liability, workers’ compensation, and more. Coverage pays for medical expenses and offers benefits to replace lost wages for injured roofers. This protection is extremely necessary because of the hazardous conditions roofing workers labor under.
Statistics
According to the Bureau of Labor Statistics (BLS):
“One of the most hazardous sectors in the construction industry is roofing. Roofing is strenuous and dangerous work and it demands heavy lifting, climbing, bending, and kneeling. Roofers are at greater risk of slipping or falling from scaffolds, ladders, or roofs. Roofers are six times more at risk for fatal occupational injuries than the average worker. In addition, typical injuries caused by roof works are extremely severe, requiring long periods of treatment and recovery and resulting in substantial medical costs and lost worktime.”
Indirect Costs
Roofing insurance via workers’ compensation not only covers the expenses of your injured worker, but it also gives you peace of mind at an affordable price, so you can deal with the indirect costs of a worker accident. In its report, the BLS cited a number of these.
Here are some of the main indirect costs:
Roofing insurance is a direct cost. It cannot deal with your indirect costs. However, roofing insurance provides an affordable strategy that allows you to take the focus off your injured worker and cope with the indirect costs that are a threat to your business.
Who Does Roofing Insurance Protect?
Roofing insurance protects your greatest asset: your workers. It does this through workers’ compensation coverage that pays medical expenses and compensates the worker for lost wages. Having a worker injured on the job creates indirect costs. By providing an affordable solution to your injured worker’s wages and medical bills, insurance gives you the peace of mind to cope successfully with the impact of indirect costs that go with that situation.
