If you run a roofing company or operate independently, consider your business insurance options. In the United States, around 10,350 workers are injured because of falls from roofs, ladders, and scaffolds. Accidents can still happen at the job site even with adequate training and due diligence. Your insurance coverage, including workers’ comp and general liability insurance, is critical to your company’s success. Lawsuits can be financially devastating, but business insurance is a form of protection.
Why Do Roofers Need General Liability and Workers’ Comp?
General liability coverage for roofers protects them against third-party claims of property damage, bodily injury, and other damages caused by business activities. You may be required to carry insurance by state, city, or employer regulations. Clients often ask you to show them proof of general liability insurance before agreeing to a contract.
In addition to third-party claims, what happens if you or one of your employees becomes injured on the job? In the roofing industry, various common injuries can result in hospital bills and time off work, including:
- Puncture wounds
- Spinal cord injuries
- Electrocution
- Burns
- Traumatic brain injuries
- Repetitive motion injuries
You may have to pay out-of-pocket for all damages if you do not have workers’ comp or general liability for California roofers.
What Is General Liability Insurance?
General liability insurance protects tradespeople and contractors from third-party claims alleging damages. Typically, GL insurance covers the following risks:
- Property damage: During a home renovation, if you or your contractors cause damage to the client’s property, you may be liable for the damages. General liability covers the repairs and replacement costs to the client’s property.
- Bodily injury: GL covers injuries to clients, bystanders, and people other than your employees or contractors. If someone becomes injured on the job site, they can file a claim against you for damages and medical costs. GL coverage helps pay for legal and medical expenses associated with a lawsuit.
- Slander: Other companies can sue you for slander if one of your contractors makes false statements about their businesses. Slander can cause a business to lose clients and profit. GL helps pay the costs associated with a lawsuit based on slander.
Many GL policies include optional add-ons. For example, an equipment add-on allows you to afford repairs and replacements to tools or equipment due to theft and accidents. Data breach coverage is another crucial policy allowing you to cover the costs of stolen customer information.
When Should You Renew Your Policy?
There are several timetable options for general liability insurance. Some insurers provide you with coverage for one job, coverage for the month, or for the year. When choosing your insurance, compare the prices and determine the best coverage. It helps to look at your coverage before each project to ensure that your insurance is always up-to-date. Renew the policy per your coverage’s rules.
Take Advantage of GL and Workers’ Comp Coverage
The main advantage of carrying insurance is protecting your business against devastating lawsuits and other liabilities. Accidents happen, even when you perform due diligence as a roofing contractor. Likewise, carrying workers’ comp and general liability insurance allows you to remain compliant with local regulations and increases your likelihood of finding clients. To learn more, feel free to contact us to discuss your insurance needs and available options.
Western Republic
Locally owned and operated since 2009, Gabe Stubin of Western Republic Insurance Services has delivered quality insurance solutions to individuals in Huntington Beach, California for over 17 years. Specializing in Commercial Business insurance coverage, our team of knowledgeable insurance professionals is committed to helping you find a policy that fits your needs. We focus on providing individualized attention and quality customer service to create an experience that’s difficult to find in today’s market. At Western Republic Insurance Services, we’ll work with you to ensure that you and those you care about most are protected.