The roofing trade is an exciting one, but truth is, it comes with numerous, and relatively high, risks. Many of these are due to the perils of working at height. A single fall from a ladder or roof may cause severe injuries that compromise your ability to do your job and earn an income. On top of this, you also have to deal with the constant risk of equipment, or property, damage.
Securing yourself & your business with roofer’s insurance
Given that there are so many risks associated with the roofing business, one of the the most important aspects of setting up is choosing some solid roofers insurance. This is vital for the well-being of your assets and business, as well as for offering you peace of mind and liability protection.
According to recent data, falls account for nearly three quarters of all fatalities in the roofing industry, and falls from roofs account for one third of all fall-related fatalities in the construction industry. Due to the nature of the business, you need a combination of public and employer’s liability insurance, alongside a personal accident & sickness insurance policy, to be completely protected. Let’s have a look at what roofer’s insurance policies cover.
Public & employer’s liability insurance for roofers
These two types of insurance which offer essential cover for all those in the roofing trade. Your standard public liability insurance policy will protect you in case a customer or member of the public gets injured while you’re working, or if property is damaged because of your business. You’ll need to keep in mind the fact that, unlike other types of contractors, you may face a higher premium for your public liability and employer’s liability insurance. This is because roofing work is high risk, and injuries may be very serious, which usually results in higher compensation claims.
Roofers rarely work alone, so if you do have employees, casual workers, contractors or even temporary staff, you’ll be required to take out employer’s liability insurance. This type of insurance covers all claims from employees who suffer an injury while completing a roofing job for your business. Employer’s liability insurance is not optional – you are obliged by law to take it out if you employ people. Failure to have the appropriate type of insurance in this case may result in heavy fines, which you’d definitely rather avoid.
Personal accident & sickness insurance for roofers
As a roofer, you should consider this type of insurance from day one, as it covers any loss of earnings that may arise from a serious injury. Personal accident & sickness insurance is the insurance that works when you can’t, so even if you’re unable to work temporarily, or are permanently disabled from an accident, your policy will cover you – provided you’ve been off work for over 7 days.
What should I consider when taking out roofer’s insurance?
Before choosing an insurance policy, make sure you read all policy documents carefully in order to understand the terms and conditions correctly, and be aware of any exclusions that may apply. If you want to insure your tools and equipment, you need to make sure you don’t undervalue it – tools and equipment insurance cover can be one of the most useful covers in your policy if you’re tools are stolen or damaged, but only if you value the cost of your tools correctly.