Insurance

Make Sure Your Contractor Is Insured As A Commercial Roofing Contractor!

As you are aware, the cost of purchasing liability insurance has more than doubled in the last few years. The construction industry, including roofing Contractors, have been hard hit by this development. Many contractors have not been able to secure adequate liability insurance at any cost, so some of them are "going bare", i.e., operating with no insurance at all.

At Roofed Right America, we have been able to keep our insurance program in full effect.ʉ۬Our Certificate of Insurance is available at any time for your review.

You should insist that any contractor you do business with, provide you with the evidence of insurance. This will cover you against damage to your own person and property, as well as claims by others against you, which could result from the work of the contractor. You do not want to be exposed to risk of loss because of the contractors activities. Insist that the contractor produce satisfactory evidence of proper insurance coverage. Our insurance policy is with American Safety Indemnity for operation as a roofing contractor. American Safety Indemnity is best rated A (Excellent).

The following precautions will help protect you further and assist you in choosing your roofing contractor:

From the Wisconsin Contractors State License Board

  • Did your contractor tell you whether he or she carries Commercial General Liability Insurance? Commercial Building Contractors and State Certified Dwelling Contractors are required by law to tell you whether or not they carry Commercial General Liability Insurance. This written statement must now be integrated into the contract, if there is one.
  • What does this insurance cover? Commercial General Liability Insurance can protect against third-party bodily injury and accidental property damage. It is not intended to cover the work the contractor performs.
  • Is this insurance required? Not for Some types of work, but any contractor holding a State of Wisconsin Dwelling Contractor certification is mandated to have liability insurance coverage or carry a bond with the State of Wisconsin. The Contractors State License Board strongly recommends that all contractors carry it. The Board cautions you to evaluate the risk to your family and property when you hire a contractor who is not insured. Ask yourself, if something went wrong, would this contractor be able to cover losses ordinarily covered by insurance?
  • How can you make sure the contractor is insured? If he or she is insured, your contractor is required to provide you with the name and telephone number of the insurance company on your proposal or contract. Check with the insurance company to verify that the contractor’s insurance coverage will cover your project.
  • What about a contractor who is self-insured? A self-insured contractor has made a business decision to be personally responsible for losses that would ordinarily be covered by insurance. Before contracting with a self-insured contractor, ask yourself, if something went wrong, would this contractor be able to cover losses ordinarily covered by insurance?

 

 

Some contractors have chosen to use a general contractor's license to avoid the high cost of roofing Insurance. This is done so they can say they have liability insurance, However, general contractors insurance policies may not cover your roofing project.

Call their insurance carrier for confirmation.

 
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