General Liability For Roofing Contractors
As a Roofer, you can usually make an offer on a project without a Roofers General Liability Insurance Policy. Chances are that when it comes to the time the work is going to be performed that you will need to produce proof of insurance to unpack your tools and get to work. If it is not the homeowner or the business owner, it may be the building owner or the local government that steps in with requirements.
How Much Does General Liability Insurance Cost for A Roofing Contractor?
The insurance costs for roofing contractors varies based upon the amount of liability you need and the type of work you perform. It is not unusual that home or building owners would require at least $1,000,000 in general liability insurance for a roofer to get your foot in the door.
- When Castle Rock Capacity Insurance Agency quotes a roofer’s general liability insurance policy we will offer you several payment plans that should accommodate your budget.
- We will offer you options to keep your initial payments low, especially if you are a new company with limited capital resources.
- Typically, companies offer payment plans that allow you to pay off the policy over the course of the year in 9 or 10 payments after a deposit.
Roofing Contractors & Artisans Insurance Policy Coverages
General Liability Insurance For a Roofing Contractor usually covers Five basic categories of business liability:
Physical harm to a person at your place of business, or an injury caused by your employee at a client’s site.
Completed Operations/Products Liability
Losses after your business has completed work for a customer (such as repairing appliances or installing wiring), or from distributing products.
Damage to the reputation or rights of a person or business due to slander, libel, copyright infringement, invasion or privacy, false arrest, wrongful eviction, etc.
Losses caused by your advertising (spoken or written); for example, an ad that trashes a competitor.
Pays the medical expenses of a person injured on your premises (a customer, client, visitor, or even a trespasser) up to a stated amount, regardless of fault — as a goodwill gesture to prevent lawsuits.
Independent Contractors Liability
Damage from the acts of an independent contractor hired by your business.
For Roofing Contractors the above insurance coverages are usually sufficient.
For GENERAL CONTRACTORS, the one coverage typically NOT INCLUDED, but perhaps the MOST IMPORTANT is the following.
Injuries to Sub Contractors Liability Coverage
If you are a General Contractor and sub out Roofing Work and Don’t Have it or never heard of it you need to call us immediately.
Damages Covered Your General Liability Insurance Policy will pay three types of damages:
Financial losses of the claimant, plus additional monetary losses resulting from the claim.
For intangible losses (“pain and suffering.” “mental anguish,” etc.)
Penalties against your business for committing a wrongful act.
Exclusions: Although Commercial General Liability Insurance provides a wide range of protection for your business, it won’t pay liability claims related to these areas (which you can cover with other policies):
On-the-job injuries to employees Workers Compensation
Operating autos or trucks in your business Business Auto Policy
Performing, or failing to perform, professional services Professional Liability Insurance, Errors & Omissions
Acts as a corporate director or officer Directors & Officers Policy
Pollution Environmental Liability
Products, such as light fixtures, appliances are subject to recall. The General Liability Insurance also excludes coverage for losses related to war, terrorism, or nuclear events. However it is available separately on a Products Liability Policy