Concept of Roofing Insurance.docx

1. Concept of Roofing Insurance “Roofing insurance” is actually a general term to describe a bundle of policies that typically provide comprehensive protection for roofers and their employees. Every roofing contractor is unique, but there are some insurance policies every roofer needs to stay protected, considering that it’s a high-risk line of work. General liability insurance (GL) — also referred to as roofing insurance near me — covers our roofing business against third-party property damage or accidents, as well as the costs of a resulting lawsuit. Additionally, GL insurance can cover some of the costs of our roofing tools and equipment if damaged on the job. Let’s say the employees cover a customer’s roof with a tarp before a big overnight storm. During the rainstorm, water

2. leaked into the homeowner’s bedroom, causing thousands of dollars in water damage and furniture replacement costs. Without GL insurance, we would end up footing the entire bill — but with this insurance coverage for window restoration companies near me, we are likely to be covered. Our plan may cover the costs associated with the claim - including legal fees along the way - up to our coverage limits, so we would only pay our deductible. Even if we think our employees won’t make mistakes, we don’t know if a customer might sue us. For example, if a customer sues us for property damage we didn’t cause, we would still have to hire a lawyer to defend us. And with an estimated 43% of small business owners reporting being threatened with or involved in a civil lawsuit, there’s a good chance it could happen to us. For www.buzzroofinginc.com. more details on this, please browse Source: https://qr.ae/pGbWqF ------------------------------------------------------------------------------- ----------------------------------------------------