A roofer’s liability ranges from injuries caused to third parties during a roofing installation project, to work-related accidents,and complaints of defective work.
Roofing business insurance allows you to sort things out smoothly if exposures occur This article will take you through the roofers insurance, the cost of premiums, and the best roofing company insurance.
Roofing Liability Insurance
General liability and professional liability policies are the two types of roofing liability insurance that you must always have.
Professional Liability Insurance for Roofing Businesses
Roofing installation, maintenance, and repair needs skill and attention. It’s your responsibility if the client faces financial losses because you delayed the completion of a roofing project.
A professional liability policy is always included in a roofing contractors liability insurance package to take care of such exposures. Here is a table of insurance companies which offer the best professional liability insurance for roofing contractors.
| CoverWallet | NEXT | Thimble (Best) | Hiscox | |
| Per occurrence limit | $1,000,000 | $1,000,000 | $1,000,000/$2,000,000 | $1,000,000 |
| Aggregate limit | $2,000,000 | $2,000,000 | $1,000,000/$2,000,000 | $1,000,000 |
| Name additional insureds? | Yes | Yes | Yes | Yes |
| Waiver of subrogation included? | Yes | No | Yes | Can be included |
| Deductible | $500 | $500 | $500 | $50/$10,000 |
General Liability Insurance for Roofers
Roofing installation, repair, and maintenance is a risky task. You use different materials and tools that can cause accidents when mishandled.
General liability insurance, also a common inclusion include roof cleaning insurance bundles.This policy grants comprehensive protection against claims for bodily injuries or property damage that result from your roofing installation, repair, and maintenance activities.
General liability insurance for roofing contractors has a $1 million-$2 million per occurrence limit.You can increase your limits up to $5 million-$10 million by filing a request.
| CoverWallet | NEXT (Best) | Thimble | Hiscox | Progressive | |
| Per occurrence limit | $1,000,000 | $300,000/$1,000,000 | $1,000,000/$2,000,000 | $300,000/$2,000,000 | $1,000,000/$2,000,000 |
| Aggregate limit | $2,000,000 | $1,000,000/$2,000,000 | $1,000,000/$2,000,000 | $300,000/$2,000,000 | $1,000,000/$2,000,000 |
| Products and completed operations aggregate limit | $2,000,000 | $1,000,000 | $1,000,000 | $1,000,000 | $1,000,000 |
| Advertising injury coverage aggregate limit | $1,000,000 | $1,000,000 | $1,000,000 | $1,000,000 | $1,000,000 |
| Tenant’s legal liability coverage limit | $100,000 | $100,000 | $5,000 | $100,000 | $100,000 |
| Waiver of subrogation included? | Yes | No | Included | Excluded | Excluded |
| Hired/non-owned auto liability coverage included? | Yes | No | Excluded | Excluded | Excluded |
| Equipment breakdown floater included? | No | Yes | Yes | Excluded | Excluded |
| Can you get a certificate of insurance online? | Yes | Yes | Yes | Yes | No |
| Name additional insureds? | Yes | Yes | Yes | Yes | No |
| Deductible | $0 | $0 | $0 | $0 | $0 |
Commercial Property Insurance for Roofing Businesses
A roofing business needs a warehouse to safeguard roofing materials and an office to conduct transactions that’s where Commercial property insurance comes in.
It covers the office and warehouse of your roofing business, and this means that anything inside is insured too.
| CoverWallet | NEXT (Best) | Thimble | Hiscox | |
| Building coverage limit (minimum) | $50,000 | $25,000 | $25,000/$500,000 | $25,000 |
| Contents coverage limit (minimum) | $50,000 | $25,000 | $25,000/$500,000 | $25,000 |
| Outdoor signs | Excluded | $2,500 | Excluded | Excluded |
| Accounts receivable | Excluded | Excluded | $5,000/$10,000 | Included |
| Money and securities | Excluded | $2,500 | $1,000 | Included |
| Lock and keys | Excluded | $2,500 | Excluded | Excluded |
| Business interruption floater | Excluded | Included | Included | Included |
| Equipment breakdown floater | Excluded | Included | Excluded | Excluded |
| Inland marine insurance floater | Excluded | Excluded | $10,000 | Excluded |
| Employee dishonesty floater | Excluded | $5,000 | $2,500 | Included |
Business Owner’s Policy for Roofing Businesses
Not all businesses involved in roofing activities can shoulder the cost of insurance premiums cheaply. A business owner’s policy bundles general liability and commercial property insurance. Its cost is 5%-10% cheaper than buying such policies as stand-alone coverages.
Tools and Equipment Insurance for Roofing Businesses
Roofing installation equipment is integral to your business. Tools and equipment insurance exclusively covers the saws, drills, ladders, air compressors,and other objects you use for installation, repairing, and maintaining a roof.
Tools and equipment insurance takes care of repair or replacement expenses if your roof installation equipment is damaged or destroyed by:
- Fire
- Theft
- Vandalism
- Water damage
- Electrical surge
- Electrical shorts
| NEXT (Best) | Thimble | Hiscox | |
| Aggregate limit | $3,000/$10,000 | $2,500/$5,000 | $5,000/$25,000 |
| Covers hired and borrowed equipment? | $3,000/$10,000 | $2,500/$5,000 | No |
| Miscellaneous equipment also covered? | $5,000/$10,000 | No | No |
| Offered as an endorsement to general liability insurance? | Yes | Yes | Yes |
| Deductible | $500 | $500 | $0 |
Get all the best quotes from leading providers in a click of a button!
Workers Compensation for Roofing Contractors
Authorities require you to cover all of your employees with worker’s compensation insurance. Failure to comply will result in suspension, heavy fines, or even imprisonment.
Workers comp for roofers will take care of these expenses when an employee of your roofing business sustains a work-related injury or disease.:
- Emergency medical treatment
- Hospitalization
- Medication
- Rehabilitation
- Lost wages
- Rehabilitation and allowance to dependents in case of death
| Cost per Month | Cost per Year | |
| NEXT | $87.50 | $1,050 |
| Thimble | $88.92 | $1,067.04 |
| CoverWallet | $90 | $1,080 |
| Tivly | $100 | $1,200 |
| Hiscox | $104.50 | $1,254 |
Commercial Auto Insurance for Roofing Businesses
You use a van or truck to transport employees, roofing materials, and equipment. And so, consider getting commercial auto insurance that does the following:
- Cover the medical treatment of injured third parties in a vehicular accident
- Cover the medical treatment of your employees if they get involved in an accident caused by an uninsured/underinsured driver
- Pay the repair or replacement of parts if the commercial vehicle of your roofing business sustains damage
Roofing Company Insurance
A roofing company insurance program is designed for big roofing businesses. Composing this are general liability, professional liability, commercial property, business owner’s policy, and workers compensation insurance with higher limits.
Roofers Insurance Cost
- The average roofing contractor insurance cost is $292 per month or $3,504 per year for a $1 million general liability policy
- The average roofing company insurance cost is $315 per month or $3,780 per year for a $1 million general liability policy.
The actual roofing insurance price you pay can be exactly the same or different to the figures we mentioned based on:
- Claims history
- Business history
- Number of employees
- Annual revenues
- Location
- Policy limits
Help others make better decisions
Best Roofing Insurance Companies
NEXT
NEXT covers roofing contractors and roofing companies through its roofing insurance program. The limits of your insurance policies will depend whether you buy the coverage for your roofing business as a basic, deluxe, or premiere plan.
NEXT provides the cheapest roofers insurance, starting at $83 per month.
Our rating: 10/10
Pros
- Best overall
- Issues an online proof of insurance instantly
- Fastest general liability insurance for roofing contractors
- Great customer service and reputation
- Excellent rates
- Outstanding value for money
- Get a 10% discount if you buy two or more policies
Cons
- Couldn’t find any
CoverWallet
CoverWallet’s roofing contractor insurance comes from different insurance companies. This company enables you to get different quotes for your business.
Average cost: $91 per month
Our rating: 10/10
Pros
- Compare roofing contractor insurance quotes online
- Cancel your coverage anytime
- Buy a coverage online or over the phone
- Easy online policy management
Cons
- Not an insurance company but an insurance broker
Tivly Roofing Contractor Insurance
Tivly covers you through its contractors insurance. There’s no pre-made insurance package. This company will curate the insurance bundle according to your actual needs.
Average cost: $100 per month
Our rating: 10/10
Pros
- Responsive customer service
- Compare roofing contractor insurance quotes over the phone
- A partner of many reputable insurance companies
- BBB accredited
Cons
- You need to call to get a quote
Get all the best quotes from leading providers in a click of a button!
Thimble
Thimble– This company’s stand-alone general liability policy is available as a short-term coverage that lasts for hours, days, weeks, or months. You can pause this anytime. Policy limits are $1 million-$2 million.
Average cost: $112 per month
Our rating: 9/10
Pros
- Sells a short-term general liability policy for roofing businesses
- Numerous add-ons to general liability and business owner’s policy
- Professional liability coverage is offered as an optional policy to general liability insurance
- Quick to issue an estimate of your premiums
Cons
- You can’t reach customer service by calling
Hiscox Roofing Insurance
Hiscox offers general liability, professional liability, and business owner’s policy for roofing businesses. You can also purchase commercial auto and workers compensation insurance but this will come from a partner.
Average cost: $130 per month
Our rating: 9/10
Pros
- Worldwide coverage
- Automatic policy renewal
- Fast to handle claims
- Dedicated team of claims experts
Cons
- Excludes high-rise roofing in its underwriting appetite
State Farm
State Farm is one of the most popular insurance providers used by construction and roofing contractors. They’ve been in business since 1922 and have built a trustworthy reputation. They provide both general liability insurance and workers’ compensation coverage means that you can bundle your policies.
Average cost: $289 per month
Our rating: 9/10
Pros
- Excellent reputation for quality service.
- Provide both workers’ comp and general liability coverage.
- Offices located nationwide.
- Great customer service.
Cons
- Occasional reports of denied claims.
