Lowering Roofer Insurance Rates by Implementing Safety Measures

Safety | Roofing ContractorsWhile, roofing is a lucrative trade that has great potential to rake in a hefty stream of revenue, it’s also one of those businesses that are accident prone. There’s always a great deal of danger when it comes to dismantling a roof, utilizing heavy or sharp tools several meters above the ground, and working within an area where there’s a plethora of breakable objects close-by, which is why roofer insurance has become an extremely important commodity within the industry.

Contractor all risk insurance policies are designed to protect a roofer against the “financial hazards” imposed by lawsuits by limiting the company’s liability while working on the rooftops of their clients. The cost for availing this product is dependent on a number of factors, but is essentially reliant on the contractor’s level of risk as determined by underwriters.

While each provider follows their own underwriting criteria and proprietary models for assessing their clients, there are certain measures that roofers can take to ensure that he gets the lowest rates possible, regardless of which insurance company he deals with.

To do this, the roofer will simply have to establish and strictly implement a set of safety measures – rules that the company’s workers will strictly obey – prior to having the roofer insurance policy written.

That being said, here’s one practice that’ll make a provider view the roofer as a “lesser liability”: have the workers wear hard hats and protective goggles while at work. Sometimes a hard hat is the only difference between life and death when a hammer is dropped from the second floor of a home onto the head of a worker; while goggles could mean the difference between losing an eye and maintaining normal vision in the event debris accidentally lands onto the face.

Other important safety measures that’ll help drop rates include the following: having visitors wear protective gear, marking hazardous areas with clear warning signs, establishing physical barriers, and even barring non-employees from the worksite. Moreover, having these rules put into writing tends to have an even greater effect on lowering charges incurred by a contractor all risk insurance policy.

Furthermore, minimizing or even disallowing subcontractor participation in projects can help drop the premiums slapped on a roofer insurance policy, as the roofer or insurance company is likely to be held liable for unsatisfactory work or accidents done/caused by these individuals.

photo by: thomas_sly

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