Texas Roofing Insurance
Coverages for Roofing Businesses
If you’re a roofer in Texas you need to have the right roofing insurance coverages to protect your business from accidents, damages and liability claims. In this post we’ll go over the types of roofing insurance in Texas including general liability, workers comp and more. Whether you’re concerned about cost or want to choose the best insurance company we have you covered.
Any roofer knows the job is risky. From working at heights to handling heavy materials the risk of accidents is always there. That’s why having the right roofing contractor insurance and insurance coverage is a must.
Insurance helps reduce financial loss and build client trust, a valuable asset in the competitive Texas roofing market.
General Liability Insurance for Roofers
For the defense of your roofing business general liability insurance covers a wide range of risks. Not required by law in Texas but highly recommended for roofers due to the hazards on the job site. This type of insurance covers you in case of legal issues that may arise from accidents that cause injuries or property damage.
Because of the high risk factors like working at heights and using potentially dangerous tools and materials, roofing can lead to accidents. Liability insurance is key as it will cover financial loss by absorbing the cost of medical bills, legal fees and repairs due to accidental damages. For example if a roofer accidentally hurts someone or causes property damage while working this policy will take care of those unexpected expenses.
Additional endorsements are available that can tailor coverage to the unique risks involved in roof related projects. Typically costing between 2% to 3% of a contractor’s annual income makes investing in rooftop liability insurance a smart move to strengthen your business against claims.
Workers Comp Insurance for Texas Roofers
Workers comp is a must for Texas roofers, it covers medical bills and lost wages when employees get injured on the job. This shows that the business values its employees health and safety.
The coverage includes various scenarios from minor accidents to major ones, so the affected employee gets the necessary treatment without putting financial burden to the company. Whether an employee falls from height or gets heat related illnesses workers comp covers medical expenses and lost wages while recovering.
The cost of workers comp insurance may vary—usually $40 per $100 in payroll—but it depends on several factors like your workforce size, type of job being done by your employees and your company’s safety record. Making this investment will protect your business from huge expenses from medical bills and potential lawsuits while promoting safety across job sites.
Commercial Auto Insurance for Roofers
Roofers rely on a fleet of vehicles to transport workers, tools and materials to job sites. That’s why commercial auto insurance is part of your business. Unlike personal auto insurance commercial auto insurance is designed to cover vehicles used for business purposes and will cover accidents that may happen during transportation.
It covers repair cost, medical expenses and liability claims from accidents involving commercial vehicles. If a truck is involved in an accident on the way to a job site commercial auto insurance will cover repair cost and medical expenses for the injured parties.
The premium for commercial auto insurance depends on several factors, number and type of vehicles, number of employees, business revenue, location and driving records. Investing in the right commercial auto insurance will ensure your business can continue to operate smoothly even in the event of unexpected vehicle related incidents.
Inland Marine Insurance for Roofing Equipment
Transporting roofing equipment to different job sites exposes it to theft, damage or vandalism. Inland marine insurance is designed for these situations by providing coverage that general liability insurance doesn’t when the assets are not at a fixed location. This type of policy will cover your materials and tools during transit and at the job site.
In cases where equipment is stolen on site or damaged while being transported inland marine coverage will step in and cover repair or replacement cost—adding an extra layer of financial protection beyond what general liability covers. Although not required, getting inland marine insurance is important to have peace of mind through robust protection against these risks.
The cost of this coverage is around $14 monthly but may vary depending on the value of the insured equipment, geographic location and credit score of your business. Adding inland marine to your risk management plan will allow you to continue to operate and stay financially resilient in case of loss of equipment on job sites.
Builder’s Risk Insurance for Roofing Projects
Builder’s risk is a must for roofers especially during construction projects. This type of insurance will cover damage caused by unexpected events like fires, thefts or natural disasters so your building projects are protected from start to finish.
This type of insurance can be tailored to the specific needs of each project. Roofers can choose between single policies for individual jobs or blanket policies for those with multiple projects. If a storm damages an unfinished roof, builder’s risk insurance will cover the cost of repairs—so work can continue without putting a big dent on the wallet.
Individuals eligible to purchase builder’s risk insurance are not just homeowners but also builders themselves, school districts and of course roofers—so it’s applicable to all those involved in construction. Usually starts at $500 and available for around $800 a year—a very affordable price to have protection throughout your building process.
Excess Liability Insurance for Extra Protection
Roofers looking to add more protection against claims will find investing in excess liability insurance a smart move. By increasing the coverage limits beyond what standard liability policies offer, this insurance will give you an extra layer of financial protection in case of big claims.
Excess liability is important for roofers by providing protection from incidents that will exceed the limits of primary insurance coverage. If there’s a serious accident that will result to high medical and legal fees that will go beyond your general liability policy limits, this type of insurance will cover those extra costs.
Having enough excess liability insurance will protect roofing contractor businesses from financial ruin and give them peace of mind they are covered. This will give them total protection and continuity for their operations even in case of big claims costs.
Roofing Insurance Cost in Texas
Knowing the factors that affect the cost of roofing insurance in Texas is important for contractors to manage their expenses efficiently. Scale of operations, number of employees and type of work being done all plays a role in the cost. Businesses with more employees doing riskier jobs will incur higher insurance costs.
The level of general liability coverage a contractor has will impact the cost since it will cover potential bodily injury claims including medical expenses and legal fees. Keeping up with subcontractors’ insurance certificates will avoid liabilities and compliance during audits—both of which will also affect the overall insurance cost.
By understanding these and working with an informed insurer, contractors can manage their roofing insurance wisely and get the coverage they need without the extra cost.
Choosing Your Insurance Company
You must choose your insurance company wisely to get the best coverage and rates. Make sure the insurance provider is local and has a valid license which means they are knowledgeable in the local building codes and regulations. A good rating from the Better Business Bureau means they are trustworthy and committed to excellent service.
Roofers should be wary of ‘storm chasers’, these temporary roofers will offer lower prices but often result to subpar work. By getting quotes from several insurers, roofers can compare prices effectively and get total protection for their business.
To get quotes fast and save time, it’s best to prepare all business information beforehand. This way they can quickly find the right insurance plan for their business and save money.
Balsiger Insurance offers expertise in many states around the US, including California and Texas.
Get Your Free Quote
Getting a free quote for roofing insurance in Texas is easy. Contact Balsiger Insurance today and get customized policies for your business.
This can be done over the phone and fits into the busy schedule of contractors. Knowing your insurance policy and what kind of roof damage is covered is important for efficient claims and repairs.
By doing this, roofers can protect their business with the right insurance coverage and have peace of mind and financial security.
FAQs
Why is general liability insurance important for roofers?
Liability insurance is important for roofers to protect against legal claims for bodily injury or property damage. It will cover the cost of repairs and any legal fees.
This is important to maintain financial security and reputation of contractors in the industry.
What does workers’ compensation cover?
Workers’ compensation covers medical expenses and lost wages for employees injured while working, provides support and prevent financial burden to both the employee and the employer.
How does commercial auto insurance help roofers?
Commercial auto insurance is important for roofers as it will cover repair costs, medical expenses and liability claims from accidents involving their company vehicles.
This will give you financial security and peace of mind while on the field.
What is inland marine and why is it important?
Inland marine insurance is important to cover tools and supplies while being transported or at project sites, to prevent financial loss from vandalism, damage or theft.
This will give contractors and trades professionals peace of mind by ensuring their financial stability and business continuity.
How to manage your insurance costs?
Get your insurance costs under control by knowing the premium factors, make sure your subs have current insurance certificates and get quotes from multiple carriers.
Our Corpus Christi, TX Insurance Office
Address: Balsiger Insurance, 5402 Holly Road, Suite 2104 Corpus Christi, TX 78411
Phone: (361) 400-2973
Fax: 866-902-2976
Email: info@balsigerinsurance.com