Roofing season is upon us, have you looked over what your insurance policy covers? Companies are being increasingly cautious with what contractors they partner with, so it is in your best interest to be aware of what your commercial, industrial or residential roofing insurance program contains. Roofers face a number of risks on the job every day, ensuring you have a comprehensive insurance package in place will give you peace of mind while allowing you to perform your work at the high standards that your clients expect.
What insurance policies should roofing companies in Canada have?
- Commercial General Liability (CGL): This coverage is essential for any roofing business. It helps to protect you and your company’s assets and covers bodily injury, property damage, and legal fees.
- Contractor’s Equipment: Do you travel with your equipment between job sites? Equipment loss or damage can slow down project timelines. Contractor’s Equipment, also known as Tools & Equipment, will protect your roofing materials while in transit or storage.
- Errors and Omissions (E&O): Also called Professional Liability, this policy can protect your business against claims if you are found liable for a mistake made on the job, incorrect advice given to a client or for unsatisfactory delivery of services.
- Pollution Liability: This coverage can provide protection from pollution and environmental-related incidents that cause bodily injury or property damage to a third-party.
Other coverages to consider:
- Installation Floater: This coverage protects your work in progress, including materials at the job site. If a loss happens while you’re working on a project, this policy will cover replacement of your lost materials and the labour you’ve put in up to the point of loss.
- Commercial Auto: If you use a personal vehicle to drive to and from work sites or have vehicles that belong to your business, you will need commercial auto coverage.
- Commercial Property: Do you have a building or storage unit where you keep your materials? Then you need commercial property insurance to provide protection for the building and the items inside.
Finding the right insurance for your roofing company is critical in protecting your business, your equipment, and your liability. We work with commercial, industrial and residential roofing businesses that specialize in hot work, flat, torch-on, metal, shingles, gutters, repairs and more. Contact Fuse Insurance today to go over what you’re currently covered for and to determine what roofing insurance options are available to protect your business. If you’re ready to get started now, fill out our online Roofing Insurance Application to speed up the process.