Roofers assume a considerable amount of risk for every job, whether it's new installation, repairs, general inspections and repairs. When expanding your roofing business, it can be easy to get caught up in finding more customers, building your portfolio, buying new equipment and not focusing on management. and risk mitigation in your business. Although this is often something you don't want to think about as it involves accidents and injuries, it is important to be proactive when managing risk in your business. However, with so many insurance policies available, it can be difficult to find the best one to meet your needs while still being affordable. Read our tips below to help you save on your roofer's insurance.
Take advantage of discounts
Many insurers offer a variety of different insurance policies that can be purchased separately. The good part about this is that many of these policies can be bundled and purchased together as a package. Each insurance policy has a separate processing fee and by getting it as a package, a small fee will apply instead of being charged separately per policy. Likewise, insurance companies offer discounts to owners who also insure their car together. In commercial insurance packages, for example, standard roofers insurancecovers General Liability, Workers' Compensation, and Inland Marine and all three can often be purchased together. When looking for an insurance package for your business, talk to the agent and ask if they offer any discounts.
Tip: Ask your agent if they can give you future discounts for referrals, they'll probably be happy to arrange something for you. Might as well find out if they offer personal lines insurance and get a low fee for all those policies from one broker.
Know what you need
In the field of roofing, there are a large number of different policies offered by insurers that you can take out. However, depending on your business, many of these policies may not be needed, and without checking exactly what you're paying for, you may be spending monthly on some policies you don't even need. At a minimum, it is important to obtain roofers liability insurance which is the top priority before doing business. Your customers will need this security, which means you can manage the risk in case something happens to their property. The second most obtained policy is workers compensation, especially if your state requires workers' compensation. The third is commercial auto insurance, note that if you use the same car to get groceries and transport employees, materials or tools, you will need commercial auto insurance .
Safety first
Similar to how your auto insurance can decrease over time if you have a good driving history and take certain precautions such as installing winter tires, roofer insurance providers may also offer discounts. similar. For example, roofing contractor business owners can ensure that all of their contractors have the required training, OSHA training, and hold daily site safety review meetings at every job. All of these things and more can help reduce the risk of injury, accident or poor workmanship on the jobsite. Talk to an agent and ask if they offer any promotions or discounts you may be eligible for,
There are many ways to save on roofing contractors insurance, but the best way is to talk to an agent who specializes in helping you find the perfect insurance policy for you.
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