Roofing Contractors Need Builder’s Risk Coverage

Roofing Contractors face more than liability claims. Your business is also vulnerable to the financial loss as a result of damage to the structure you’re working on.

Builders Risk Insurance, is a specially design policy for renovations, remodels and ground up construction projects.

The coverage is for either commercial or residential buildings. Also called Course of Construction insurance, the coverage is project specific and only lasts for the duration of the project. Once the building is complete, the insurance policy ceases.

You may be wondering why roofers need Builder’s Risk. Find out everything you need to know on the Builder’s Risk blog.

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Is Builder’s Risk for Roofing Contractors?

Who benefits most from Builder’s Risk Insurance? Is Builder’s Risk for Roofing Contractors or is this coverage more for general contractors, plumbers or electricians? It’s difficult to know which way to turn when it comes to insurance. You probably already have General Liability Insurance and Workers Compensation. Do you need another policy added to your insurance program. Will the cost even be worth it?
February 21, 2020
Roofing Contractors Need Builders Risk Insurance

3 Reasons Roofing Contractors Need Builder’s Risk Insurance

A Builder’s Risk Insurance policy is ideal for roofing contractors when your project is new or 30% complete. But, why exactly do roofing contractors need Builders Risk Insurance? Isn’t Roofing Insurance enough? Roofers Insurance There is nothing more important than being as stress-free as possible when running your business. Roofing contractor insurance coverage can help you in different ways:
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Why Do Roofing Contractors Need Builder’s Risk Insurance?

Did you know that 50% of all contractors experience theft of some kind? Florida, Texas, and California are among the top 10 states with the highest rates. But, this doesn’t mean you won’t get hit if you operate your roofing contractor business elsewhere According to the National Equipment Register, job site theft costs the industry almost $1 billion each year. It comes as no surprise that 90% of thefts occur between 6 p.m. Friday and 6 a.m. Monday morning. Does this mean your equipment and tools are safe?
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