November 21st, 2013
There are numerous advantages associated with insurance to a firm. More so, Roofing Contractor Insurance remains to be one of the most essential protective measures to roofers. Roofing is one of the most risky and dangerous jobs. This is due to the fact that roofer’s work generally entails working on top of highly elevated buildings and structures where their lives are put at stake. Accidents frequently occur and one can never predict when, to whom and where it will occur. In this regard therefore, one must put in place protective measures to ensure that they are prepared to cater for all the damages that come with accidents. The most common liabilities that a firm is held responsible are employee compensation, Third party indemnity, tools and equipment replacement and repair, and many others.
Roofing insurance is important in that it covers most important areas of the firm. As a roofer you will get various covers such as; Workers Compensation Insurance, General Liability Insurance, Business Bonds, Employment Practices and Liability Insurance, and Payroll and Employee Leasing. This coverage protects some of the most essential areas of a roofer’s business. Depending on the Insurance Company, the coverage varies immensely. It is always prudent for a firm to choose the liability program that covers all the critical areas of the business.
It is sometimes very difficult to get insurance for roofing contractors and once obtained it becomes very expensive for the business to maintain, especially to small and medium-size businesses. A firm should always shop around for various quotes given by different insurance companies before settling down for a specific insurance policy. Alternatively, a company may opt to employ a broker for this task.
An insurance broker is beneficial to the business in that they are well networked with some of the most reliable insurance carriers. Furthermore, they have sufficient time to research on various quotes and choose the most affordable cover that meets the needs of any particular business. Contractors1stInsurance is one of the most reliable insurance brokers who have for over 30 years helped various businesses in getting the cheapest contractors insurance. Its team of licensed brokers is well acquainted with knowledge and experience in all areas of roofing insurance.