When we discuss trades in the construction industry, securing General Liability Insurance for Roofing Contractors is one of the most difficult of the trades to find carriers willing to write their coverage. Roofing Contractors do have specific risks not usually associated with other contractor trades, and with that brings an increased rate of claims filed against them versus other trades such as Carpentry, Concrete, Electrical, or Plumbing. When your roofing company is looking for AZ general liability insurance, PJO Insurance Brokerage can be of value to your company considering our long history of providing General Liability Insurance coverage for Roofing Contractors and our access to numerous carriers that offer Arizona Roofing General Liability Insurance so your roofing company can secure the proper coverage for your company’s particular needs.
When looking at most Roofing General Liability policies, generally, the limits are $1,000,000 per occurrence and $2,000,000 aggregate on a standard policy. However, if your roofing company is performing work for commercial projects, apartments, or expensive, new custom homes, we would suggest that it would benefit your company by securing an additional layer of protection, otherwise known as an Umbrella Policy, over your current Arizona General Liability Policy. Working as an Arizona Roofing Contractor, you should be aware that without the proper insurance coverage, your business could potentially suffer large losses should your company be held liable for a claim that was successfully filed against you. Having a Phoenix Roofing General Liability Insurance Policy will help to protect you from these losses. Also, it would be beneficial to your company to carry adequate workers’ compensation insurance to protect your employees.
By acquiring Arizona Roofing General Liability Insurance coverage, the policy can provide your company with protection should the company suffer a claim of property damage or bodily injury that may occur during the course of your work. If there is a claim against your company, your insurance carrier will investigate the claim and provide legal defense for the claim. By having an Scottsdale Roofing insurance policy, it will be very beneficial to handle those costs in navigating through the claim’s process.
When looking at the cost of an Arizona Roofers General Liability Insurance Policy, there are quite a few factors that are considered in determining the final premium. Some carriers base their premium on your company’s gross receipts, and other carriers base their premiums on your company’s total payroll. We highly recommend that your company get a quote based on both factors and then compare which quote would be the best to suit your company’s needs.
An additional factor that will affect what your premium will be is what type of roofing your company does. This includes whether your roofing company does commercial and/or residential roofing and what percentage of each that you do. Other factors that are included in determining your premium include whether or not your company does torch-down application, hot mop application, foam roofing, flat roofs, apartments, new custom homes, or tract housing, to name just a few.
When your company is looking to acquire a Phoenix liability insurance policy, there are many things you need to know about securing an Arizona Roofing Commercial General Liability Insurance Policy to ensure that the coverage will fit your needs. The professional and experienced brokers at PJO Insurance Brokerage currently work with many quality carriers, and we can help you design an Arizona roofing insurance plan for your roofing company. Please call us today to discuss putting together an insurance program for your company.