There are many factors that are used when determining what the premium of a Las Vegas/Clark County, NV Roofing Liability policy will cost. The insurance carriers will base their premium on either your payroll and sub-contractor costs or on gross receipts and sub-contractor costs. To make sure that you ensure your company receives the best quote, we highly suggest that your roofing company obtain an insurance quote with both options.
In addition, when the insurance carriers look at determining roofing general liability premiums, there are many factors that are considered in the process. Among the various items that will factor into your Las Vegas/Clark County, NV roofing company’s quote will be what percentage of residential and/or commercial roofing are performed. The insurance underwriters will also look at factors including whether or not your roofing company does foam roofing, hot mop application, torch-down application, apartments, flat roofs, buildings above three stories, new custom homes or tract housing, along with how long your company has been in business and its years of roofing experience.
If your company has been in business for at least three years and has had no claims, these factors will be a plus when it comes to pricing the insurance premium. As you can see, there are many factors that are considered in the process of acquiring a Las Vegas/Clark County, NV Roofing General Liability Policy.