Arizona Roofers Insurance Coverage Cost
What is the average cost for Arizona roofing business insurance polices? Roofing business insurance can start as low as $249/month. At ACI, we are professionals in finding the best prices for Roofing Contractors near AZ cities such as Phoenix, Mesa, Chandler & Gilbert, AZ. Depending on the Arizona roofing businesses employee pay roll, along with other factors including yearly income.
Roofing businesses in Arizona pay an average median price for roofers liability of approx. $250 to $305/month or $3,000/year. Typical workers compensation insurance policies for roofing companies with $100,000 + of employee compensation can cost up to $8,400 and up per year. Buying roofing contractors insurance in Arizona will vary depending on the size of your roofing company and how much coverage is needed.
| Insurance Type: | Low Monthly Price: | High Monthly Price: | What is Covered? | Required: |
|---|---|---|---|---|
| Roofers General Liability | $250 | $305 | Property Damage - Bodily Injury - Faulty Work Damage | YES |
| Roofing Tools Coverage | $42 | $68 | NO | |
| Workers Compensation | 8.87% x Roofing Labor Costs | 8.87% x + up front costs of $1,250 | Workman's comp. will cover medical bills & lost wages of your roofers. | YES |
| Roofing Contractor Insurance Tips & Tricks: If you are an Arizona Roofing Company that is planning to utilize drones for roof inspections. Note: "Unmanned Aircraft" insurance for roofing inspection, typically is NOT covered with roofing general liability insurance policies. | ||||
Roofers Liability Insurance Requirements in Arizona
A CGL policy for roofing businesses should have at least a $2 million general aggregate limit, $1 million products-completed operations limit, $1 million personal and advertising injury limit, $50 thousand damage to rented premises limit, and an $1 million each occurrence limit. This coverage will protect contractors against claims of bodily injury or property damage caused by their services or products. It also covers any legal defense costs associated with a claim.
What Types of Insurance Do Roofers in Arizona Need?
Having the right coverage can help roofing contractors save time and money in the event of an unexpected accident or incident. Without it, they could be held financially liable for any damages that occur as a result of their work.
Roofers Liability insurance covers third parties and any errors in the work you do. For instance, if your workers accidentally injure the property owner or another third party, your liability insurance will cover their medical costs and any additional settlement they receive.
There are a few different variables to consider when getting liability insurance, but one is whether you need commercial or residential insurance.
Commercial roofing insurance in Arizona is a bit different from residential insurance. Commercial liability insurance will usually require you to have more coverage — if you’re working on a very large project, you may need an umbrella policy that covers up to $5 million in damages.
Of course, there are other types of insurance you should seriously consider. These include commercial vehicle insurance and protection for your tools and materials. If you aren’t sure what types of coverage you need, one of our knowledgeable agents will be happy to help!
Let Affordable Contractors Insurance Help You Find the Best Arizona Roofers Insurance Coverage
Arizona Roofing Contractors should consult with an experienced insurance agent to ensure they are properly insured for their business needs. Doing so can give them peace of mind knowing that they are protected if anything goes wrong.
Even if it’s your first time finding a policy, our experienced agents can help you find the right one for you. Contact us for a quote today! Need a quick cost quote for local roofing business insurance in Arizona. Get a free quote!
