Resolve your lethal roofing exposures now, before a claim takes your business down! Get a FREE, no obligation quote!
WORKERS COMPENSATION FOR ROOFERS
Most Roofers are forced to seek workers comp coverage from State Funds, but there are alternatives that can be investigated; the best of which are Pay-As-You-Go Workers Comp. Coverage is statutory, and standard for all policies.
Roofing Contractors:Are you really covered? The selection or your General Liability policy is critical, many policies have lethal exclusions for Roofers, if your policy is not properly endorsed you could end up paying for a claim out of you own pocket!
Open Roof Coverage?
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Blog – AFFORDABLE CARE ACT (ACA)
ARE YOU COMPLIANT?
Fines will be levied come 1/1/2016
A lot of companies with 50 or more total employees do not realize that by January 1, 2016 without healthcare for your employees substantial fines will be levied. The grace period is over! There are inexpensive compliant programs for as little as $7 per employee per month; to robust programs meeting your budget.
ROOFING CONTACTORS, ARE YOU REALY COVERED FOR YOUR CLAIM?
Unfortunately most insured’s find out when they have a claim, their policy does not provide even the basic coverages required for everyday roofing exposures. This results in paying the claim out of your own pocket. Common missing coverages include: Open Roof Coverage, Uninsured Subcontractors, Hot-tar, Torch Down, Re-Roofing & Repair for Condo’s / Townhomes and Habitation exposures
Most insurance carriers perform an “Inspection” of the insured at the beginning of the policy term. This is to confirm that the information put in the application is a true reflection of the insureds business.
Questions are usually centered policy requirements and related around important issues like: Gross Receipts, Payroll, years in business, subcontracted amount, and class codes.
Here’s the problem. If you told you broker one thing, and now you tell the inspector another, you may get an invoice for increased Gross Receipts, or an addition of deletion of a class code.
How to make the inspection work for you:
1) Ask the inspector for a copy of the inspection questionnaire, so you can gather the needed information to answer the inspections questions more accurately.
2) Pull out your quote and compare your answers to the questions on the inspection form.
3) Most quotations are based upon you estimate of future events: (Why second guess your estimate you provided to your broker, unless there has been some new developments or if the application answers are wrong.
a. What will your Gross Receipts be for the next 12 months?
b. What is the percentage or amount of subcontractors work?
c. What is your direct payroll per the type of work performed?
4) Set a schedule for an interview after you have done your homework, this way there will be no surprises.