The Benefits Of Having Roofing Contractor Insurance In California

By Roberta Leach

If you are in the roof installation industry, you most likely know that it is one of the jobs that has several risks. These range from occupational hazards to errors, which could lead to structural damages. And the worst thing is that some of these risks could drive you out of business if they are not managed well. With this in mind, it is vital to have adequate insurance cover. This way you and the property owner will have a peace of mind knowing that financial liabilities will be taken care of in case of any damage or injuries. Here are some of the reasons why you need Roofing Contractor Insurance In California.

Generally, there are several things that you should be insured against. The most obvious is covering yourself against injuries. If you have workers, insurance is even more important. You have to cover them against any liabilities that may occur as a result of injuries. For instance, you should be able to take care of the medical bills in addition to other costs such as partial loss wages in case of an emergency while working on a roofing project.

The roof is such an integral part of a building that is often exposed to external elements which could cause damages. This means that there is a higher level of risk associated with roofs more than other parts of the building. As a roofer, you need to ensure you are insured against professional negligence. This means in case of damages that are caused by your omission, negligence or errors on your part, the policy should cover you against any legal liabilities.

There is a chance that your roof installation project may cause damage to third parties, for instance, other people properties. So, when you are insured, you will save yourself and the property owner from getting into trouble. The fact that roofing tools and material are not cheap, so you need them insured as well.

Besides the need to cover your business against the unexpected, indemnity cover is also a state requirement. So, most of the clients will like to know if you have a roofing contractor insurance before engaging you in their projects. If you do not have such a cover and you caused some damages to a client project that you are unable to rectify, you will have lost reputation.

Besides losing reputation, you also risk being penalized by the state when you do not have insurance that covers your staff. And in case of an emergency where an employee or third party gets injured, the employee can take legal action against your business or the homeowner. This will give you a bad image and your competitors will have the opportunity to use your shortcomings for business gain.

Taking into considerations the above risks, it is easy for a business to collapse if they are faced with several such events. Why would you want to let your business fail when you have the option of protecting it? The financial burden of exposing yourself to risk is higher than the cost of paying for insurance your business.

Actually, there are many benefits of having policy cover for your roof installation contractors. The best thing is that there are several affordable options to choose from. If you are running a small contracting firm, then your yearly premium is most likely to be reasonable.

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