FRIDAY, OCTOBER 12, 2012
 Roofing is a very risky task. Since roofers work on the tops of buildings, even a small accident may result in serious or fatal injuries. Thus, roofers and roofing companies need to get the appropriate roofer’s insurance to protect themselves against unexpected accidents during work.
Types of Roofer’s Insurance Coverage
A comprehensive and trustworthy roofing insurance company will help roofing business owners choose the right type of roofing insurance for their businesses. There are five common types of roofing insurance policies: general liability, workers compensation, commercial auto, tools and equipment, and roofer’s bonds.
General liability insurance protects roofers against claims of personal injury, body injury, advertisement damage, property damage and a lot more. In case of an accident, the insurance company will pay for all liabilities associated with the damage.
Worker’s compensation insurance policies allow employees to receive compensation for wages lost or medical expenses due to a work-related injury that affects their ability to work. Having such coverage is very beneficial and could save roofing companies a lot of money in the long run. It also may be required by law, depending on the type of business and the number of employees the company has.
Roofer’s bonds is another type of roofer’s insurance coverage that most roofing companies choose. This type of bond is negotiated and signed between the roofing company and the client. The bond agreement includes several conditions that are satisfactory to both parties such as license bond, bid bond, payment bond, performance bond.
Commercial auto and tools and equipment insurance cover all financial losses that may occur if there is an accident. It is important that the roofing company owner has this type of liability coverage to protect themselves; roofing always involves high risks for workers.
In order to safely carry out business projects, roofing company owners have to get the appropriate roofer’s insurance coverage for workers. Owners who aren’t sure what type of coverage to select can contact McFarlin Insurance Agency for a free Maryland Business Insurance consultation.
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