Is Your Roofing Business Fully Covered? Gaps in Roofers Insurance

The roofing industry is both rewarding and risky. Each project undertaken comes with its unique set of challenges, and while seasoned roofers might have their techniques mastered, there's another equally crucial aspect to consider: roofers insurance. However, not all insurance is created equal. There can be glaring gaps in coverage that many business owners overlook. This article delves deep into the world of roofing insurance, highlighting potential pitfalls and providing insights on making sure your roofing business is truly covered.

The Importance of Roofers Insurance

In an industry where heights, heavy equipment, and unpredictable weather play daily roles, the importance of adequate insurance cannot be overstated. Roofing insurance ensures that both the roofer and the client are protected from potential hazards. Whether it's an accident on the job, damage to property, or any unforeseen incidents, having comprehensive roofers insurance acts as a safety net for your business.For a more detailed exploration of the many risks of operating without tradies insurance, read here.

What is Roofers Public Liability Insurance?

One of the pillars of roofing insurance is the roofers public liability insurance. This specific type of insurance is designed to cover any legal liabilities should a third party (like a client or passerby) suffer an injury or property damage because of your roofing operations. For instance, if a misplaced tile falls and damages a car or injures someone, public liability insurance ensures that the resulting costs, legal or otherwise, don't cripple your business.

Common Gaps in Roofer Insurance Policies

Despite the critical nature of roofers insurance, many policies have gaps that can leave businesses exposed. Some of these common gaps include:

• Subcontractor Liabilities: If you're using subcontractors, it's essential to ensure they are also covered. Many policies overlook this aspect, leaving the primary contractor liable for any subcontractor mishaps.
• Tool and Equipment Coverage: Roofers use specialised tools and equipment. While damage to a client's property might be covered, damage or theft of your tools might not be.
• Incomplete Job Coverage: Some policies might not cover incidents that occur after a job is completed, such as leaks or structural damage.

How to Identify and Bridge these Gaps

To ensure your roofing business is fully protected, it's essential to:

• Conduct a Thorough Review: Periodically review your policy with a fine-toothed comb. Understand every clause, especially the exclusions.
• Engage with an Expert: Consulting with an insurance expert, preferably one specialising in the roofing industry, can provide tailored advice. Companies like Tradies365 can offer guidance on customising your coverage to fit your business's unique needs.
• Educate Your Team: Ensure that everyone, from your core team to your subcontractors, understands the importance of insurance and the coverage specifics.

The Aftermath: Handling a Roofer Insurance Claim

Should the unfortunate happen, and you find yourself needing to make a roofer insurance claim, following the right steps is crucial:

• Document Everything: From photos of the damage to written accounts of what happened, the more evidence you can provide, the smoother the claim process will be.
• Notify Your Insurance Provider Immediately: The sooner they are aware of the incident, the quicker they can act.
• Seek Expert Assistance: Engage with professionals to assess the damage and understand your rights and responsibilities regarding the claim.

While the roofing business can be rewarding, it's equally fraught with risks. Ensuring that you're not just insured, but properly insured, is pivotal. From understanding the intricacies of roofers public liability insurance to being aware of common policy gaps, being proactive in your insurance efforts can save you from significant headaches and financial setbacks down the road. Always remember, it's not just about having insurance; it's about having the right insurance.At Tradies365, our team of industry experts ensures you are covered 365 days a year! Dive into hassle-free insurance solutions with Tradies365. Give us a call now to secure your trade today!Note: The material offered here is for informational purposes only. It does not constitute legally binding advice and should not be a substitute for a consultation with an insurance expert.