If you’re like many people, you don’t think much about your roofing company’s insurance policy – but if you’re hiring a roofer, that’s something you need to consider. The bottom line is that business insurance is a type of coverage that helps protect companies, their employees, and their customers if something goes wrong. This type of insurance can help cover the costs associated with property damage, injury claims and other legal issues, and for roofing companies it’s essential.
The most common type of insurance is liability coverage, which provides protection from losses related to property damage and bodily injury. Liability coverage also covers personal claims. However, many roofing companies have other types of insurance coverage, as well, such as professional liability insurance. Professional liability insurance covers damages related to mistakes or oversights, which can happen at any time.
5 Reasons You Should Only Work With a Roofing Company That Has Insurance
Check out the main reasons you should only work with a roofing company that has insurance:
- The company’s insurance protects your property.
- The company’s insurance gives you peace of mind.
- The roofer’s insurance protects you.
- It demonstrates the company’s professionalism.
- Having insurance increases the roofer’s credibility.
Here’s a closer look at each.
#1. The Company’s Insurance Protects Your Property
A roofing company with insurance will be able to cover the cost of any damages that occur to your property during the repair or replacement process. This means that you won’t be held responsible for any unexpected costs, and you can relax knowing that your property is in good hands.
#2. The Company’s Insurance Gives You Peace of Mind
Knowing that the roofing company you’re working with is insured gives you peace of mind, especially if you’re worried about the safety of your home and loved ones. With insurance in place, you can rest assured that the company is taking all necessary precautions and will be responsible for any accidents that may occur.
#3. The Roofer’s Insurance Protects You
If you work with a roofing company that doesn’t have insurance, you could be putting yourself at risk. If something goes wrong, you could be held liable for the damages or medical expenses if someone gets injured on your property. By working with an insured company, you can protect yourself from any potential legal issues.
#4. It Demonstrates the Company’s Professionalism
A roofing company that has insurance demonstrates that it is a professional and reputable business. This means that you can trust the company to deliver quality work and to handle any problems that may arise. It also means that the company has taken the time to invest in its own protection, which is a good sign of its commitment to its customers.
#5. Having Insurance Increases a Roofer’s Credibility
An insured roofing company is more credible than one that is not. It shows that the company is aware of the risks associated with roofing work and has taken the steps necessary to mitigate those risks. This can increase your confidence in the company’s ability to get the job done right and to handle any unexpected issues that may arise.
Related: What to do about storm damage
What Happens if You Work With a Roofing Company That Doesn’t Have Insurance?
If you work with a roofing company that doesn’t have insurance, you could be at risk of paying for any damages or injuries that occur on your property. If an employee of the roofing company gets injured on the job and they don’t have workers’ compensation insurance, for example, you may be held responsible for their medical bills. Similarly, if the roofing company causes damage to your property and doesn’t have liability insurance, you may have to pay for the repairs out of pocket. It’s always best to make sure that the roofing company you work with has adequate insurance coverage before hiring them.
What is Professional Liability Insurance For, Anyway?
Professional liability insurance, also known as errors and omissions insurance, is coverage for professionals who provide services or advice to others. It provides protection from losses related to mistakes or oversights, which can happen at any time. For roofing companies, professional liability insurance can help cover the costs associated with damages related to mistakes made during the roofing process, such as improper installation or use of faulty materials.
This type of insurance is important for roofing companies because it helps protect them and their customers from the financial impact of such mistakes. This is also often in addition to the warranties and guarantees that many roofing companies offer with their services and products.
Related: Does my roof have hail damage?
How Can You Tell if a Roofing Company Has Professional Liability Insurance?
The best way to determine if a roofing company has professional liability insurance is to ask them directly. Most roofing companies are happy to provide proof of insurance to their customers. You can also check with your state’s licensing board to see if they require roofing companies to have professional liability insurance. If you’re still unsure, you can contact an insurance agent to help you verify the roofing company’s coverage.
What Happens if Someone is Injured While Working On Your Roof and the Roofing Company Doesn’t Have Insurance?
If someone is injured while working on your roof and the roofing company doesn’t have insurance, you could be held responsible for their medical bills. This is why it’s so important to make sure that the roofing company you work with has adequate insurance coverage. If the roofing company doesn’t have workers’ compensation insurance, for example, you may be held liable for any medical expenses related to the injury. In some cases, you may even be held responsible for covering the employee’s lost wages. The best way to protect yourself is to always make sure that the roofing company you work with has adequate insurance coverage.
Do You Need to Talk to the Roofing Experts?
If you need to work with the best roofers in the area, we’re here to help. Our team has years of experience and all the right insurance, so when you work with us, your roof is in great hands. When you work with us, you can rest assured that your roof is in great hands. Contact us today to learn more about our roof repair and replacement services.