Insurance for roofing company operators can equip them to deal with various loss and liability scenarios. In electing coverage for your company, work with an insurance provider with experience serving clients in your industry and can help you build a package to address your greatest areas of risk exposure. Here are some critical considerations about finding the best roofers insurance.
Workers’ Compensation Insurance for Roofing Company Workers
With a few limited exceptions, most employers in Utah have a statutory obligation to enroll in workers’ compensation coverage. Therefore, it is essential for companies engaged in activities involving considerable safety hazards, such as construction and roofing. Utah’s Labor Commission requires general contractors to verify that subcontractors have active workers’ compensation coverage.
To get competitive rates for this coverage, roofing companies must practice full compliance with applicable OSHA safety regulations. Thus, a proactive approach to maintaining safe working conditions can minimize the risk of claims and keep costs manageable.
General Liability
A general liability policy is indispensable to a comprehensive roofers insurance plan. Furthermore, this coverage can address claims involving property damage or bodily injury. A policy’s proceeds may go towards legal expenses, settlements, and money judgments.
When you are in the process of shopping for this type of policy, be sure to choose a coverage option that provides you with reasonable limits. Also, make it a point to ask whether a policy applies to claims arising from an independent contractor’s work if you regularly hire temporary workers or engage subcontractors.
Professional Liability
What kind of insurance plan does a roofing company need to handle claims involving improper or defective workmanship? A professional liability policy in a roofing company insurance plan can give you financial protection if a client or third party alleges that faulty work caused them to sustain damages. For example, if an apartment building owner alleges that failure to secure a job site during a roof replacement had resulted in property damage or additional project expenses, this endorsement in your plan could offer a remedy.
Property Coverage
In the roofing business, you must be conscientious about protecting your company’s critical assets. If damage to vital equipment or theft prevents you from carrying out your everyday activities, a policy’s proceeds may compensate you for repairing or replacing it. This policy can also cover your place of operations.
Commercial Auto Insurance for Roofing Company Vehicles
Because your business entails performing work at multiple job sites, it is typically necessary to include commercial auto coverage in insurance for roofing company operators. Be aware that this coverage could be necessary regardless of whether the vehicles that you and your personnel drive are company-owned. Personal auto policies usually exclude coverage for claims arising out of the commercial use of a vehicle.
Ultimately, obtaining all the coverage you need from a single provider in a package program can make insuring your company more affordable. This insurance strategy may also help you avoid gaps in coverage by equipping you with targeted protection for your industry’s unique needs and risk exposure.
About BTC Insurance Services
Founded in 2011, BTC Insurance Services has proudly served Utah businesses with comprehensive and custom-tailored insurance coverages for a decade. We pride ourselves on fostering long-term client relationships with a personalized and hands-on approach, and have established a reputation built on quality and transparency. For more information about our products and services, we invite you to contact one of our reputable agents today at (855) 944-3457, or send us a message here.
