Beneficial Insurance Policies for Roofers
Due to the nature of the job that roofers do and the number of parties involved, the insurance policy for roofing technicians is a bit detailed. Residential homeowners and commercial premises owners are becoming increasingly aware of the need to work with roofing experts who have insurance cover. The various components of this insurance policy are discussed here to give you a clear understanding of how it benefits both you and the Brooklyn roofers.
- This feature caters for damages that might occur to business assets or physical injury. Business liability applies both to companies that deal with roof renovations and those that construct new roofs. The five aspects of business liability cover are discussed below.
- Physical injury- this pays for costs arising from treatment of injuries that occur on the work site.
- Product liability- covers damages and repairs to appliances in the workplace after the roofing projects are completed.
- Personal injury- caters for damages to one’s emotional and psychological well-being. This may be as a result of harassment, violation of privacy, evictions etc.
- Advertising injury- covers damages that occur from your company’s advertising tainting the image of a rival company.
- Medical expenses- this pays for the treatment of any person that is injured on the business premises. This may include customers or visitors.
Protection of Property
This depends on the type of roofing operation that your company is undertaking. It caters for any damages that might occur to the property during renovation or when constructing a new roof. See to it that the insurance coverage policy you take is tailor-made to cover the services you offer.
What Is The Minimum Liability Coverage?
This refers to the insurance needed for your company to carry out its day to day operations. When looking for insurance cover for roofers, inquire about the set minimum liability. Ensure that you get an insurance company that offers the best rates so that you can maintain a competitive edge in the market.
A roofing company might want to establish a long-standing working relationship with another company or its clients. The roofers may then decide to include their clients or the other company in their insurance policy cover. If the roofing company decides that a particular business relationship is likely to benefit them much, they then proceed to include that business partner in their insurance policy during contract signing negotiations.
Residential homeowners and medium-size business owners ask for proof of insurance to be provided before they engage the services of a roofer. This gives them the much-needed sense of safety and re-assurance of compensation should any damage occur to them or their property.
A stable insurance cover policy is one of the most critical aspects that clients look for before they work with a roofer. If you own a roofing company, secure a general insurance policy that will cover all your operations and earn you public confidence. It is beneficial to you and the property owner, but enhances your chances of landing on big projects.