Installing and repairing roofs in Ontario exposes you to more risks than the average independent contractor, and complete coverage is critical to your financial security.
Harsh winters, fluctuating temperatures, and seasonal changes in this province put your handiwork to the test. Roofers insurance will give you the peace of mind that comes from knowing that your business will survive, even if the worst happens.
Let us shop the top insurance companies in Ontario to find you the best package with the broadest coverage for your roofing business.
Property insurance protects your physical assets such as your shop and equipment against losses due to fire, theft, or vandalism and coverage includes costs to rebuild or repair.
If you run your contracting business from home, you don’t need commercial property insurance, but your home insurance policy doesn’t cover tools, equipment and materials used for your business.
One of your biggest business assets as a roofing contractor is your vehicle. You rely on your work truck for transportation, to store your tools, to haul heavy asphalt and tile, and to keep your equipment dry and safe. Whether you drive a single truck or van, or manage an entire fleet, your business vehicle needs insurance that will cover its particular needs.
If you use your personal vehicle to get to and from your contracting jobs or to transport materials, you need to let your insurance company know. It will cost you a little more, but it’s better than the alternative. If you don’t declare business use of your vehicle and you have a claim, it could be denied.
No one is perfect, and things can happen due to human error, bad luck or an act of God that can seriously impact your business if you’re not prepared. Examples include errors in your installation that lead to water leaking into the customer’s house, and/or a customer or passerby being injured from materials falling from the roof while you’re working on it.
Examples of liability risks faced by roofing contractors:
As a roofing contractor, your tool inventory is likely extensive: Gravel spreaders; hydraulic lifts; tar kettles; hoists; the works. Should anything happen to your gear, work comes to a grinding halt. Insuring your tools from loss, theft, or damage is a no-brainer for any contractor, and as a roofer, you’re no exception.