How to Protect your Roofing Business from Liability Claims
Roofing business often face lawsuits that can potentially disrupt your business, damage your reputation and jeopardize your future. Here's how to avoid them
By: Contractorsliability.com and Farmerbrown.com
Roofing is one of the highest-risk professions in the world. But, it is also one of the most dangerous.
Roofing business owners often face property damage claims or liability claims. And these lawsuits have the potential to disrupt your business, damage your reputation and jeopardize your future. In fact, lawsuits are common in the construction industry.
Not to mention that this industry involves the use of expensive materials, tools and equipment. Damage, theft and vandalism are a constant risk. Having a high-risk occupation, roofers often suffer work-related fatal injuries and a high rate of bodily injuries.
Owning vehicles to transport people and materials to the job-site, in the event of an accident - you could be held liable for injuries and damage.
Protect your roofing business
Truth is, roofers liability insurance will provide your business several benefits:
1. Protection against property damage claims and liability claims
2. Coverage against negligence claims
3. Proof of insurance boosts your brand
4. Insurance may be required to sign contracts, lease premises and get finance. It may be a legal requirement in certain locations
5. Boosts client confidence. Most government and institutional clients require roofers who are licensed, bonded and insured.
Get the right insurance coverage
Although roofers insurance is in fact a bundle of different policies, some are more important than others. In short, no one policy will give you all the coverage you need. However, if you choose wisely, together they protect you, your business and your employees.
General Liability Insurance: First, you need protection against third-party claims for bodily injury and property damage. This part will cover medical expenses incurred due to injury, legal defense and judgment expenses, personal and advertising injury.
Commercial property insurance: Secondly, protect your property! It can be owned, leased or rented buildings, storage facilities, storage sheds and garages, or building materials.
Workers Compensation Insurance is an essential coverage for your employees and may include you as an owner if preferred. It is a legal requirement and pays for medical (and rehab) bills, lost wages, disability, death benefits, and defense costs.
Commercial Auto: In addition, trucks, vans, pick-ups, cars or trailers should be protected against property damage as well as liability claims. This is important whether they are rented or owned vehicles. So get protection against personal injury, medical expenses, third-party bodily injury and collision coverage.
There are several things to keep in mind while working in the construction industry and it's another thing to understand how to protect the business. You may follow ContractorsLiability at https://contractorsliability.com/
Farmerbrown Insurance and ContractorsLiability.com
Page Updated Last on: Feb 24, 2021