You should be aware that roofing is a potentially hazardous work. Staff are placed in danger on a daily basis while working at certain heights and in some very harsh conditions. If a corporation is held responsible for any injuries or incidents to employees, they will be required to pay a substantial sum of money out of their own pocket if they do not have worker’s compensation insurance. This can put small roofing companies out of business. While roofing insurance is costly, it is much less expensive than not getting it in the event that you need it. More information Roof Insurance Estimates Explained
You should be using one of two types of articles to protect yourself from any accidents or injuries. Workers’ compensation insurance protects employees against work-related incidents, while public liability insurance protects against similar accidents affecting members of the public or third-party property.
Workers compensation insurance is one of the two forms of roofing insurance that you should strongly consider purchasing because you run the risk of having to pay substantial settlements out of your own pocket if you don’t have it. If the worst happens and one of your employees is killed in a work-related accident, you might be looking at hundreds of thousands of dollars in damages. Getting workers compensation benefits is the best way to prevent this.
From pet sitters to roofers, public liability insurance is open to almost everyone who wants it. In terms of roofing insurance, this is yet another important resource for your business. If a member of the public runs into a piece of scaffolding or a shingle you’ve just installed falls off the roof and hits a vehicle, you’ll be held liable for damages and any necessary repairs. This may amount to a significant sum of money in some situations. In comparison, the monthly fee you would have to pay is practically zero.