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Roofers Liability Insurance - Your guide to Roofing Contractor Insurance and all other aspects of Roofer's Insurance
Roofers Liability Insurance Explained
Roofer’s Liability Insurance is one of the most important forms of insurance for any contractor to carry. This liability coverage will protect the contractor and their business if a client or worker ever claims personal injury or property damage. These damages must have occurred on the site or must have been a direct result of the roofing project. The roofer’s liability insurance policy will cover financial losses to the business due to property damage or injury. It will also cover any legal expenses that are incurred.
The liability insurance is designed to protect the worker and the company, not the client they are working for. As a consumer, it is important to make sure the roofer has liability coverage. This will protect you from being sued if the roofer is injured while working on your property. As a contractor, liability insurance coverage is an essential policy to protect your workers. The coverage is easy to obtain. Many insurance companies that are listed in a phone book will offer this type of coverage to a contractor, although because it is a high risk coverage, there are some insurance companies that are hesitant to offer it. Sometimes, liability insurance can be combined with worker’s compensation coverage. When combined, this helps lower overall insurance premiums.
Implications of carrying the proper Liability Insurance
Since roofing is considered to be a high risk profession, carrying the proper liability coverage is a necessity. Roofer’s insurance is relatively expensive. Many contractors try to cheat by not carrying the proper insurance. They will often negate to mention that their company does roofing. If this is the case, the roofer and the business will be walking on thin ice. Accidents are unforeseen, and carrying the proper insurance policy is the best, and safest, way to protect the roofer as well as the contracting company.
Since most consumers are informed, many of them will ask if the roofer does have liability coverage before they will hire them. This is done to protect the personal property of the consumer in the event of an accident or damage. If the roofer or the contractor does not carry the liability, it could mean that the consumer will be faced with a lawsuit that could cost thousands. When the contractor and the roofer are covered by a liability policy, their own insurance company will cover the losses and legal costs.
Do you have a Roofing Insurance Carrier of choice?
What carrier provides your Liability Insurance?
Contractor Insurance vs Workers Compensation Insurance
While roofer’s liability insurance can be expensive, it is one of the best insurance policies to have. Many states will require the contractor to carry a policy. However, there are some states in which this is optional. Even if it is not required by law, it is best to carry the coverage. This will ensure that the contracting business and the roofer will be insured and covered if there is a personal injury or property damage loss.
Some people are confused with the terms liability insurance and worker’s compensation insurance. The main difference is that with compensation coverage, the worker is covered as long as the injury was obtained as a direct result of the job. With liability insurance, the worker is covered for all non-work related injuries. If the injury occurs on the consumer’s property but was not directly related to the job, such as tripping on a rock or hose, the injury would be covered by the liability insurance.
Insurance Carriers on the Web
- Chubb Group of Insurance Companies
One of the many carriers who provides Liability Insurance
- Zurich Financial Services Ltd
Zurich Financial Services Ltd: An insurance-based financial services provider whose Zurich HelpPoint strategy focuses on providing the right general insurance and life insurance solutions for its individual, small business, medium-sized business and