Losing Money Through Gaps In Your Roofing Company Insurance?

Does your Roofing Company Insurance only consist of general liability coverage and workers compensation? You could still be exposed to considerable risk. Many things could go wrong on a project where you have to bear the cost.  Builder’s Risk Insurance could protect you from these losses. Let’s look at what this coverage is and how it could help future-proof your business.

What is Builder’s Risk Insurance

This is also known as Course of Construction Insurance.  It provides coverage during the building process on certain types of construction.  This includes new buildings as well as the renovation, refurbishment and restructuring of existing ones.  Some other characteristics of this type of insurance are:

• It only covers the replacement of property
• It should be tailored according to the individual project
• Some loss events are commonly included and others are optional additions, according to the project’s needs
• A policy has a term limit, and is normally 3, 6 or 9 months long
• All the participants in a project can be insured under one policy

What coverage does a Builder’s Risk policy provide

This insurance is different to Roofing Contractor Insurance.  It covers a range of loss events like fire, theft and vandalism.  Damage from adverse weather events like wind or hail are often included too.  If a project is located at the coast or in a tornado state, this additional coverage can be added.  Other events  include the transportation and temporary storage of equipment.   There are more things that can be included according to your needs. In essence when damage occurs due to a covered event, the policy assists with the replacement costs.

Should your Roofing Company Insurance include Builder’s Risk?

The short answer to that question is Yes! Construction is already a risky business. As a trade roofing is the most risky in construction.  Some risks like injury and liability are covered by Roofing Contractor Insurance, but there are many that are not.  A few examples are:

• Theft of tools and equipment
• Fire damage to materials or work already completed
• Hail damage to roof sheeting
• Wind damage

Roofers have expensive materials, tools and equipment.  If these are stolen or destroyed it can be very expensive to replace them.

Who Can You Speak With For Roofing Company Insurance?

Builder’s Risk is specialized insurance.  It makes sense to speak with the experts.  Builder’s Risk.net has many years experience in the industry and our agents understand your needs. Some of the reasons you can trust Builder’s Risk.net are:

• We have hundreds of 5-star reviews from satisfied customers
• We represent A-rated insurance carriers
• We negotiate on your behalf for the right coverage at the lowest rates
• We are customer focused with a quick turnaround time
• We are represented in every State, just a phone call away

Get your Roofing Company Insurance today

All it takes is a phone call.  Our agents will quickly establish what you need to add to your Roofing Contractor Insurance.  We shop around on your behalf to find the best rates.  Secure the future of your business and call Builder’s Risk at 877 960 0221 today.