☰ ˟
Alliance circular logo listing Alliance services : Insurance, Payroll, Benefits, HR 
Home Page Email
  • Home
  • Business Insurance
    • Business Insurance Solutions
    • Workers Compensation
    • General Liability
    • Bonds
    • Cyber Liability
    • Professional Liability
    • Group Health
    • Payroll and HR
    • Trade Credit Insurance
    • Key Person
    • 401k
    • Safety Programs
  • Personal Insurance
    • Personal Insurance
    • Home/Auto/Life
    • Automobile
    • Homeowners
    • Valuables Insurance
    • Life
    • Motorcycle
    • Off-Road Vehicles Insurance
    • Renters
  • Industry Solutions
    • All Industries We Serve
    • Commercial Real Estate
    • Construction
    • ContractorsImage of right arrow
      • Window Cleaning Insurance
      • Fire Protection Insurance
      • Janitorial Services
      • Landscaping & Lawn Care
      • Alarm Installation Insurance
      • Tree Service & Arborists
    • Crane, Rigging, & Crane Operators
    • Manufacturing
    • Oil & Gas
    • Restaurant & Bars
    • Hotel Insurance
    • Gym and Fitness Center Insurance
    • Medical Malpractice Insurance
    • Trucking
  • Our Team
    • About Us
    • Location(s)
    • Associate Agencies
    • Testimonials
  • Blog
  • Contact Us
Business
Insurance
Home/Auto
/Life
Health &
Benefits
Payroll
& HR
Home > Blog > Top 6 Roofing Policy Exclusions: When Cheaper isn’t Always Better.
TUESDAY, FEBRUARY 2, 2016

Top 6 Roofing Policy Exclusions: When Cheaper isn’t Always Better.

construction blueprintsLike all insurance policies, those specifically designated for roofing companies include industry-specific language and coverages.  Many policies are full of exclusions that are not always the first thing your agent will tell you about.  Price means a lot when it comes to insurance.  But you might have to ask, “What am I giving up with this policy?”

6 common policy exclusions:

1. Subcontractor work not covered
This is the one that bites a “paper” Contractor.  If you use sub-contractors and the claim isn’t covered by their insurance, your policy might not cover the use of sub-contractors.  This means you pay for all the attorney fees and any damages that are awarded.

2. Open Roof Exclusions
These exclusions can be worded to exclude any damages from an open roof, even if you tarped it and tried to prevent damage.

3. Limitations on policy limits if a subcontractor does the work
This one is deceptive.  The insurance company will cover any damage a sub-contractor might be responsible for, but they won’t pay to the policy limits of $1 million.  Instead, they limit the amount they pay to $25,000.  Barely enough for the lawyers.

4. Bodily Injury Not Covered

Roofing can attract some rough and tumble people.  Things can get heated.  If an employee of yours happens to lose his cool and shoves and injures a rival sales guy your business could be on the hook for the damages. 

5. No previous acts covered  
Your insurance policy should cover you for all the work you’ve done until the statute of limitations is up.  A common exclusion doesn’t cover any work you did prior to your policy period.

6. New Construction Exclusions
You’re classified as a re-roofer because 90% of your business comes from re-roofing homes due to hail damage.  But you could meet a developer who is building a handful of homes.  Four years later one of the homes could settle and you’re drawn into a lawsuit.  Unfortunately, your policy excludes new construction and won’t even offer you legal counsel to dispute any claims.

Carriers exclude coverages to save money.  Those savings are passed on in the form of cheaper premiums.  It can be a balancing act on a business owner’s part to decide between savings now or better coverage.  The best way is to have everything explained and then make an informed decision.  

If you’ve heard of these exclusions it’s probably a good chance they are on your current policy. If you would like an expert to look over your account or to get a quote, you can fill out the short form below.


Posted 2:29 PM

Tags: business insurance, contractors, construction, roofing
Share |


NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2024
  • 2023
  • 2022
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013

  • business insurance(116)
  • personal insurance(73)
  • small business(34)
  • homeowners(29)
  • car and auto(27)
  • health and benefits(25)
  • cyber(22)
  • construction(20)
  • saving money(18)
  • contractors(18)
  • claims(18)
  • health insurance(17)
  • workers compensation(13)
  • bar and restaurant(11)
  • life insurance(11)
  • general liability(8)
  • cost containment(8)
  • oil and gas(8)
  • payroll and hr(7)
  • human resources(7)
  • agency news(7)
  • roofing(5)
  • auto insurance(5)
  • bonds(4)
  • personal lines(3)
  • cannabis(3)
  • hail(3)
  • commercial auto(3)
  • recognition(3)
  • become an agent(3)
  • commercial insurance(3)
  • payroll(3)
  • weather(2)
  • trucking(2)
  • job(2)
  • hail insurance(2)
  • homeowners insurance(2)
  • commercial auto insurance(2)
  • comercial auto(1)
  • restaurants(1)
  • professional liability(1)
  • hail damage(1)
  • property(1)
  • covid-19(1)
  • business(1)
  • inland marine(1)
  • broker of record(1)
  • colorado(1)
  • trade credit insurance(1)
  • record hail(1)

View Mobile Version
  • Carrier
  • auto-owners insurance logo
  • Carrier
  • Carrier
  • Carrier
  • Carrier
  • Carrier
Connect With Us:
Social Social Social Social
Agency
Alliance Insurance Group
7910 Ralston Rd., Ste 7
Arvada, CO 80002

Phone: (303) 279-9700
Business Insurance
Home/Auto/Life
Health & Benefits
Payroll & HR
Home
About Us
Privacy Policy
Contact Us
Powered by Insurance Website Builder
Alliance Insurance Group Rated 4.8 / 5 based on 5 reviews. | Review Us