Roofing Insurance from Massachusetts Specialists

What is Roofing Insurance?

Installing and repairing roofs can be lucrative work, but it comes with a range of liability and property risks. Roofing insurance helps protect roofing businesses in Massachusetts from many of the risks they face.

Roofing insurance is a specialized type of commercial insurance that’s designed to meet the particular needs of roofing businesses. Because these businesses are usually exposed to multiple risks, roofers policies are normally package policies that come with multiple coverages.

What Businesses in Massachusetts Need Roofers Insurance?

The vast majority of businesses that install or repair roofs in Massachusetts ought to have roofers insurance, for few businesses are free of risk and this generally is the most appropriate type of insurance for these businesses. In particular, this insurance can be useful to:

• Residential roofing companies
• Commercial roofing companies
• Metal roofing specialists
• Slate roofing specialists
• New construction companies that install roofs

Moreover, roofing businesses typically should have coverage regardless of how large or small they are.

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What Coverages Does Roofers Insurance Make Available?

The exact coverages that a particular roofers insurance policy offers can vary, but there are many commonly available protections. Some of the more common ones are:

• General Liability Coverage, which may cover common accidents resulting in property damage or injuries to others
• Professional Liability Coverage, which may cover work-related errors and mistakes
• Commercial Vehicle Coverage, which may cover company-owned trucks and other vehicles
• Product Liability Coverage, which may cover property damage or injuries caused by sold products
• Loss of Income Coverage, which may cover sustained revenue losses that follow a disaster
• Inland Marine Coverage, which may cover tools and supplies while they’re being taken to or from job sites

Do Roofing Businesses Need Bonds?

Roofing businesses that operate in certain areas or take on large projects may be required to carry performance bonds. These bonds normally provide compensation to the affected party if a roofing company (or other bond-holding business) fails to meet their contractual obligations.

While bonds typically aren’t purchased within roofing policies themselves, most agents who specialize in roofers insurance policies can also assist with finding a bond should one be required.

Do Roofing Businesses Need Workers Compensation Coverage?

Working on roofs is potentially dangerous work, and injuries are fairly common within the industry. Most roofing companies should have workers compensation coverage both for this reason and because Massachusetts state law normally requires businesses with employees to carry the protection. The purpose of workers compensation is primarily to help provide financial protection against costs related to workplace injuries and illnesses.

As is the case with performance bonds, however, workers compensation frequently isn’t purchased within a roofers policy itself. Instead, the protection is often procured via a distinct policy that stands on its own and provides this one coverage. Again, insurance agents who are familiar with roofers policies can likely also assist with workers compensation policies.