Blog

Roofing Insurance Protects Your Greatest Asset

Roofing Insurance Protects Your Greatest Asset

by Marie King

Roofing insurance protection

Roofing Insurance

Roofing insurance protects your greatest asset-your workers. Roofing insurance does this by providing affordable workers’ compensation coverage that pays for medical expenses and offers benefits to replace lost wages to 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 an worker accident. In its report, the BLS cited a number of these.

Here are some of the main indirect costs:

  • Cost of lost time of the injured worker.
  • Cost of lost time of other workers whose work was interrupted.
  • Cost due to damage to equipment, tools, property, and materials.
  • Cost due to loss in profit due to reduced worker productivity.

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.

Roofing Insurance Protection

Roofing insurance protects your greatest asset-your worker. 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. Your roofing insurance by providing an affordable solution to your injured worker gives you the peace of mind to cope successfully with the impact of an injured worker on the job and the indirect costs that go with that situation.

FacebookTwitterGoogle+LinkedIn