Importance Of Roofing Contractor Insurance In California

By Avery Mehaffey

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.

First, you need to cover yourself and your team against injuries that may occur while handling a roof installation project. If you employ other technicians in your business, then having adequate cover will ensure that you are save from financial and legal liabilities that may arise as a result of injuries sustained in the course of duty. The cover will take care of the medical charges for treating the injuries as well as compensate them for partial loss of income when they remain paralyzed for a longer time.

A roofing employee cover saves you from professional liability. Since the roof is one of the integral parts of the building that offer defense against nature, it, therefore, means it attracts higher risk. When you are insured, you are covered against negligence, omission, errors or even work done by other contractors that could have made the roofers work more difficult thus resulting in damages. On top of this, you are covered against any liability in case the roof is damaged by your staff.

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.

The good news is that you may not need to spend much to get yourself insured. Depending on your requirements and the size of your business, you may get a good cover with affordable yearly premium. Plus, there are several ways you can reduce the premium, for instance, reducing maximum level of coverage and bulk payments.

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