Commercial Insurance Policies for Roofing Operations
Roofing operations are complex and represent several significant perils that can cost thousands, if not millions, of dollars in liability claims if the business is not adequately protected through insurance. There are several key coverages to consider when evaluating insurance solutions for the roofing industry, including:
Commercial General Liability (CGL) – General liability coverage is the basis of most business-oriented insurance policies and is the foundation upon which other coverage lines are added as needed. CGL provides the roofing company with insurance coverage for property damage occurring to third parties as well as bodily injury claims.
Professional Liability – Many roofing contractors have taken on new roles in the industry, such as designing the roof and roof structures in new construction. This exposes them to new risks, and professional liability insurance is designed to protect against those risks. This part of the insurance plan covers financial damages to a third party arising from errors and omissions (E&O) claims against the roofing company.
Umbrella Liability – This valuable add-on provides insurance coverage in excess of established liability limits under the primary liability policy. For certain business risks, umbrella liability coverage can offer enhanced financial asset protection.
Workers’ Compensation – As a roofing contractor, you know that your employees are your most valuable assets. Workers’ compensation insurance helps take care of medical expenses and pay for lost wages if those employees are injured on the job.
There are additional insurance coverages available, including commercial property, commercial auto, employment practices liability, and more. Let the experts at ISU-The Olson Duncan Agency help develop the insurance plan that works for your specific business needs. Our team can also assist company owners and operators with state bonding requirements, ensuring that your company is protected from the liability and workplace risks associated with your operation.