Roofing Insurance Liability in Silver Spring, MD

Being protected by roofing liability insurance gives you peace of mind that if anything goes wrong, you’ll be covered.

General liability coverage protects roofing contractors. It protects their business in the event that a client or third party files a claim for property damage or personal injury. Roofing insurance is a general liability policy that covers financial losses due to these incidents. As a roofing contractor, roofing insurance protects you and not your customers. Learn more about roofing insurance and contact Roof Solutions for a roofing insurance quote.

Basics of Roofing Insurance

Being a roofing contractor is rewarding but also demanding. Replacing damaged shingles or completing
a roof for a new home is hard work and can sometimes be risky. That’s why you need to be sure your contractors are protected in case of an accident or injury on the job. Residential and commercial roofing contractors must provide proof of insurance coverage. Roofing is one of the highest risk jobs and is also dangerous when working near powerlines or electrical. General liability insurance protects your roofing contractor business against the following:

Types of Insurance Coverage for Roofing Contractors

There are many types of insurance coverage for roofing contractors, so you can ensure you’re covered no matter what. Learn a bit more about the following types of roofing contractor insurance:

Professional Liability

This is also known as “errors and omissions” insurance. It protects you from faulty advice or consultation or professional errors.
Workers’ Compensation

This protects you if employees get hurt on the job and replace their income and pay medical costs.
Commercial Vehicle Policy

This protects you in case any of your employees have an accident driving a company vehicle.
Inland Marine Policy

This is also known as “tools and equipment floater”. It protects your businesses’ tools and equipment while being transferred from Jobsite to Jobsite or while they’re stored offsite.

Performance Bonds

This surety bond covers expenses if your work is deemed insufficient or you’re not able to complete a project.
Business Owner’s Policy

This covers your showroom or storage facility. You can combine business property insurance and general liability coverage.
General Contractor Insurance

This option may work if your business provides services other than roofing. You might also qualify if roofing is not your primary offering.
Roof Solution Is Fully Covered

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How Much Does Roof Insurance Cost?

Roofing insurance can cost a lot, but it’s a necessary expense. Roofing insurance can be more expensive than insurance for other industries. That's because roofing contractors face a significant risk of workers being injured. Your insurance costs will vary, but a general range is $2,000 to $5,000 per year. Factors to take into account include your business location, how many contractors you employ, your company’s annual revenue, your safety policies and procedures, and your history of accidents and injuries.

What To Look for in Roofing Contractor Insurance Coverage?

It’s important to know exactly what your roofing insurance covers and how you can ensure that you’re prepared for any future liability claims. Some things you’ll want to look for in roofing contractor insurance coverage include property protection, general business liability, clearly stated limits and minimums for coverage, and being able to add your clients as additional insured. If you need roofing insurance in Silver Spring, MD, contact the trusted team at Roof Solutions to learn more about your options.