10 Best Business Insurance Companies for Roofers (2024)
Nationwide, Travelers, and The Hartford emerge as the best business insurance companies for roofers. Nationwide is particularly notable for its competitive rates and generous discounts of up to 15%. These best companies for roofers offer comprehensive coverage, providing financial security and legal compliance.
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Heidi Mertlich
Licensed Insurance Agent
Heidi works with top-rated life insurance carriers to bring her clients the highest quality protection at the most competitive prices. She founded NoPhysicalTermLife.com, specializing in life insurance that doesn’t require a medical exam. Heidi is a regular contributor to several insurance websites, including FinanceBuzz.com, Insurist.com, and Forbes. As a parent herself, she understands the ...
Licensed Insurance Agent
UPDATED: Oct 22, 2024
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Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. Our goal is to be an objective, third-party resource for everything insurance related. We update our site regularly, and all content is reviewed by insurance experts.
UPDATED: Oct 22, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance company and cannot guarantee quotes from any single insurance company.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
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3,019 reviewsCompany Facts
Full Coverage for Roofers
A.M. Best Rating
Complaint Level
Pros & Cons
3,019 reviews
1,731 reviewsCompany Facts
Full Coverage for Roofers
A.M. Best Rating
Complaint Level
Pros & Cons
1,731 reviews
765 reviewsCompany Facts
Full Coverage for Roofers
A.M. Best Rating
Complaint Level
Pros & Cons
765 reviews
The article explores essential coverage types, such as general liability and workers’ compensation, along with factors influencing insurance costs, guiding readers to safeguard their roofing enterprises effectively.
Our Top 10 Company Picks: Best Business Insurance for Roofers
| Company | Rank | Multi-Policy Discount | Low-Mileage Discount | Best For | Jump to Pros/Cons |
|---|---|---|---|---|---|
 | #1 | 20% | 15% | Competitive Rates | Nationwide |
 | #2 | 25% | 12% | Specialized Coverage | Travelers |
 | #3 | 22% | 10% | Industry Expertise | The Hartford |
 | #4 | 18% | 12% | Comprehensive Coverage | Liberty Mutual |
 | #5 | 15% | 10% | Personalized Service | State Farm |
 | #6 | 20% | 15% | Diverse Coverage Options | Farmers |
 | #7 | 25% | 18% | Online Convenience | Progressive |
 | #8 | 20% | 15% | Enhanced Coverage | Allstate |
 | #9 | 18% | 12% | Customer Satisfaction | Auto-Owners |
 | #10 | 22% | 10% | Big Discounts | Safeco |
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#1 – Nationwide: Top Overall Pick
Pros
- Competitive Rates: Nationwide offers competitive rates for roofing businesses, making it an attractive option for cost-conscious entrepreneurs.
- Multi-Policy Discount: The company provides up to a 20% multi-policy discount, allowing roofers to bundle different insurance coverages and save on overall costs.
- Low Complaint Level: Nationwide has a low complaint level, indicating a higher level of customer satisfaction and efficient claims processing.
Cons
- Limited Online Convenience: Some users may find that Nationwide’s online services and conveniences are not as extensive as those offered by other companies.
- Availability of Discounts: While Nationwide offers various discounts, not all may be applicable to every roofer, potentially limiting the scope for additional savings. More information is available about this provider in our Nationwide insurance review.
#2 – Travelers: Best for Specialized Coverage
Pros
- Specialized Coverage: Travelers is known for providing specialized coverage tailored to the unique risks faced by roofing contractors and businesses.
- Up to 25% Multi-Policy Discount: Offering a generous multi-policy discount of up to 25%, Travelers encourages roofers to bundle different insurance policies for cost savings.
- Low Complaint Level: The company maintains a low complaint level, indicative of its commitment to customer satisfaction.
Cons
- Potentially Higher Rates: While Travelers offers specialized coverage, the tailored nature of their policies might result in slightly higher rates compared to more general insurance providers.
- Limited Low-Mileage Discounts: Travelers offers lower low-mileage discounts compared to some competitors, which may not be as advantageous for businesses with limited vehicle usage. Learn more about Traveler’s discounts in our Travelers insurance review.
#3 – The Hartford: Best for Industry Expertise
Pros
- Industry Expertise: The Hartford excels in providing industry-specific expertise, understanding the unique challenges faced by roofing businesses.
- Up to 22% Multi-Policy Discount: Roofers can benefit from significant savings with The Hartford’s multi-policy discount of up to 22% (learn more about Multi-Policy discounts in our The Hartford insurance review).
- Low Complaint Level: The Hartford maintains a low complaint level, demonstrating a commitment to customer satisfaction.
Cons
- Limited Online Convenience: The Hartford may have limitations in terms of online services and conveniences, which may be a drawback for businesses that prioritize digital interactions.
- Average Rates: While competitive, The Hartford’s rates may be considered average compared to some other providers, potentially limiting cost savings for budget-conscious roofers.
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#4 – Liberty Mutual: Best for Comprehensive Coverage
Pros
- Comprehensive Coverage: Liberty Mutual offers comprehensive coverage options, providing roofing businesses with protection against various risks, which you can learn more about in our Liberty mutual review.
- Up to 18% Multi-Policy Discount: Roofers can take advantage of Liberty Mutual’s multi-policy discount, allowing them to bundle different insurance coverages for savings.
- Solid Financial Stability: With a strong financial standing, as indicated by its A rating from A.M. Best, Liberty Mutual provides reassurance to policyholders.
Cons
- Potentially Higher Rates: Some roofers may find Liberty Mutual’s rates to be on the higher side compared to other providers.
- Limited Low-Mileage Discounts: Liberty Mutual may not offer as high low-mileage discounts as some competitors, which may be a drawback for businesses with minimal vehicle usage.
#5 – State Farm: Best for Personalized Service
Pros
- Personalized Service: State Farm is known for its personalized approach to customer service, providing roofers with a more individualized experience.
- Up to 15% Multi-Policy Discount: Roofers can save on insurance costs by taking advantage of State Farm’s multi-policy discount of up to 15%.
- Diverse Coverage Options: State Farm offers a variety of coverage options, allowing roofers to tailor their insurance plans to their specific needs.
Cons
- Potentially Higher Rates: Some roofers may find State Farm’s rates to be relatively higher compared to competitors.
- Limited Online Convenience: The online services and conveniences offered by State Farm may not be as extensive as those provided by some other insurers (Read More: State Farm Insurance Review & Ratings).
#6 – Farmers: Best for Diverse Coverage Options
Pros
- Diverse Coverage Options: Farmers Insurance provides a wide range of coverage options, allowing roofers to customize their insurance plans based on their unique needs.
- Up to 20% Multi-Policy Discount: Roofers can benefit from cost savings by bundling multiple insurance policies with Farmers and enjoying a multi-policy discount of up to 20%.
- Customer Satisfaction: Farmers has a reputation for high customer satisfaction, indicating a positive experience for policyholders.
Cons
- Potentially Higher Rates: Some roofers may find Farmers’ rates to be on the higher side compared to certain competitors.
- Limited Low-Mileage Discounts: Farmers may not offer as high low-mileage discounts as some other insurance providers, which could be a drawback for businesses with minimal vehicle usage. (learn more in our Farmers Insurance Review & Ratings).
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#7 – Progressive: Best for Online Convenience
Pros
- Online Convenience: Progressive excels in providing online services, making it convenient for roofers to manage their policies and claims digitally.
- Up to 25% Multi-Policy Discount: Roofers can enjoy substantial savings by bundling different insurance policies with Progressive, benefiting from a multi-policy discount of up to 25%. See details in our Progressive insurance review & ratings
- High Low-Mileage Discounts: Progressive offers generous low-mileage discounts, making it an appealing choice for businesses with limited vehicle usage.
Cons
- Customer Service Feedback: Some users may have reported mixed feedback regarding Progressive’s customer service, with experiences varying among policyholders.
- Potentially Higher Rates: Progressive’s rates may be comparatively higher for certain roofers, depending on the specific needs and circumstances.
#8 – Allstate: Best for Enhanced Coverage
Pros
- Enhanced Coverage: Allstate offers enhanced coverage options, providing roofers with comprehensive protection against various risks.
- Up to 20% Multi-Policy Discount: Roofers can save on insurance costs by bundling multiple policies with Allstate, benefiting from a multi-policy discount of up to 20%.
- Customer Satisfaction: Allstate has a reputation for high customer satisfaction, contributing to a positive overall experience for policyholders. Learn more in our Allstate insurance review.
Cons
- Potentially Higher Rates: Some roofers may find Allstate’s rates to be on the higher side compared to certain competitors.
- Limited Low-Mileage Discounts: Allstate may not offer as high low-mileage discounts as some other insurance providers, potentially limiting savings for businesses with minimal vehicle usage.
#9 – Auto-Owners: Best for Customer Satisfaction
Pros
- Customer Satisfaction: Auto-Owners is known for its high level of customer satisfaction, reflecting a positive experience for policyholders.
- Up to 18% Multi-Policy Discount: Roofers can benefit from cost savings by bundling multiple insurance policies with Auto-Owners and enjoying a multi-policy discount of up to 18%.
- Industry Experience: With experience in the insurance industry, Auto-Owners understands the specific needs and challenges faced by roofing businesses. (Read More: Auto-Owners Insurance)
Cons
- Potentially Higher Rates: Some roofers may find Auto-Owners’ rates to be on the higher side compared to certain competitors.
- Limited Online Convenience: Auto-Owners may have limitations in terms of online services and conveniences, which may be a drawback for businesses that prefer digital interactions.
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#10 – Safeco: Best for Diverse Coverage
Pros
- Big Discounts: Safeco provides significant discounts, offering roofers the opportunity to save on insurance costs with discounts of up to 22%.
- Up to 10% Low-Mileage Discount: Businesses with limited vehicle usage can benefit from Safeco’s low-mileage discount of up to 10%, contributing to potential savings.More information is available about this provider in our Safeco insurance review.
- Diverse Coverage Options: Safeco offers a variety of coverage options, allowing roofers to tailor their insurance plans to their specific needs.
Cons
- Mixed Customer Feedback: Some users may have reported mixed feedback regarding Safeco’s customer service, with experiences varying among policyholders.
- Limited Industry Expertise: Safeco may have limited industry-specific expertise for roofing businesses compared to some competitors, potentially affecting the customization of coverage.
Roofing contractors and businesses face numerous risks in their day-to-day operations. Accidents can happen, such as falls from ladders or injuries caused by dropped tools. Adequate insurance is crucial, offering protection and stability. Learn more about commercial insurance policies and down payments in our article do you have to make a down payment for a commercial insurance policy?
Business Insurance for Roofers: Monthly Rates by Coverage Level & Provider
| Insurance Company | Minimum Coverage | Full Coverage |
|---|---|---|
| Allstate | $165 | $330 |
| Auto-Owners | $155 | $310 |
| Farmers | $145 | $290 |
| Liberty Mutual | $170 | $340 |
| Nationwide | $150 | $300 |
| Progressive | $135 | $270 |
| Safeco | $175 | $350 |
| State Farm | $155 | $310 |
| The Hartford | $160 | $320 |
| Travelers | $140 | $280 |
Additionally, lawsuits from homeowners due to property damage or other issues can lead to significant financial burdens. Without proper insurance coverage, these incidents can result in bankruptcy or severe financial strain for your roofing company.
Chris Abrams LICENSED INSURANCE AGENT
By obtaining the right insurance policies, you can shield your business from potential losses and ensure compliance with local laws.
Essential Insurance Coverage for Roofers
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Factors Affecting Roofers’ Insurance Costs
The cost of roofing insurance can vary depending on several factors. Some key factors that affect the cost include:
- Size of Your Business: A roofing contractor working alone will generally pay less for insurance compared to a small business with multiple employees.
- Annual Revenue: The higher your business’s annual revenue, the higher the insurance premiums may be, as it indicates a larger operation and potential risks.
- Location: Different regions may have varying levels of risk and insurance requirements, which can influence the cost of coverage.
- Claims History: If your business has a history of insurance claims, especially those related to roofing operations, it may impact the cost of coverage.
- Coverage Limits and Deductibles: The extent of coverage and deductibles you choose can affect the cost of insurance. Higher coverage limits and lower deductibles generally result in higher premiums. To learn more coverage limits, explore our guide how much car insurance do I need?
- Experience and Qualifications: Your level of experience in the roofing industry and any professional qualifications you hold can influence the cost of insurance. More experience and certifications may lead to lower premiums.
By understanding these factors, roofing professionals can make informed decisions about their insurance needs and expenditures. From the size of their business to their claims history and geographical location, each aspect plays a crucial role in determining insurance premiums. Therefore, staying abreast of these considerations is essential for navigating the complexities of the roofing insurance landscape effectively.
Obtaining Business Insurance for Roofers Made Easy
Getting insurance coverage for your roofing business is a straightforward process with Insureon. Our licensed agents work with top-rated U.S. insurers to find the right coverage that fits your unique needs, whether you are an independent contractor or have employees.
Here’s how you can obtain roofers’ insurance in three easy steps:
- Gather basic details about your business, such as revenue, employees, and past claims.
- Visit Insureon’s website and fill out the online form with your business information and coverage needs.
- Our licensed professionals will review your application and find the best coverage options. Once approved, you’ll receive policy documents, including a certificate of insurance.
Case Studies: Navigating Challenges With Business Insurance for Roofers
In these case studies, we explore real-world scenarios where business insurance for roofing companies proved indispensable in overcoming various challenges.
- Case Study #1 – Weathering the Storm: A roofing business named Horizon Roofs, insured by Nationwide, facing an unexpected natural disaster. A powerful storm wreaks havoc on their ongoing projects, causing extensive damage. Nationwide’s comprehensive coverage, designed to safeguard against property losses, supports Horizon Roofs in quickly recovering from the setback.
- Case Study #2 – Injury on the Rooftop: During a routine project, one of Summit Contractors’ skilled roofers, Jake, sustains an injury. Travelers’ specialized coverage for workers’ compensation steps in, providing financial support for Jake’s medical expenses, rehabilitation, and offering peace of mind to Summit Contractors. Travelers’ commitment to worker safety extends beyond the rooftop. To learn more, read our guide on what is worker’s compensation?
- Case Study #3 – Defending Project Integrity: Crestline Roofs, a reputable roofing company insured by The Hartford. Post-project completion, a client alleges construction defects, putting Crestline Roofs in a precarious situation. The Hartford’s industry expertise and robust liability coverage come to the forefront, assisting Crestline Roofs in handling legal expenses, settling claims amicably, and safeguarding their hard-earned reputation construction defect dispute.
These case studies provide valuable insights into the crucial role of roofing business insurance in navigating various challenges. From weather-related property damage to worker injuries and construction disputes, the right insurance coverage can make all the difference in ensuring business resilience and success.
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In Review: Safeguard Your Roofing Business with Comprehensive Insurance Coverage
Business insurance for roofers is a critical investment that can protect your roofing company from potential financial losses, lawsuits, and liabilities. By understanding the importance of insurance coverage, you can take proactive steps to secure the right policies for your specific needs.
Whether it’s general liability insurance, workers’ compensation insurance, commercial auto insurance, or other types of coverage, each plays a crucial role in mitigating risks and ensuring the long-term success of your roofing business.
Don’t overlook the significance of comprehensive insurance protection. Take action today and safeguard your roofing business with the peace of mind that comes from being properly insured.
Protect your business today by entering your ZIP code below into our comparison tool for free commercial insurance quotes.
Frequently Asked Questions
What types of insurance are crucial for roofers under the category of business insurance for roofers?
The essential types of insurance for roofers include General Liability, Workers’ Compensation, Commercial Auto Insurance, Contractor’s Tools and Equipment Insurance, and Professional Liability. These coverages collectively protect against third-party risks, workplace injuries, vehicle-related incidents, tool losses, and potential legal claims.
Why is comprehensive coverage from insurance companies like Nationwide, Travelers, and The Hartford recommended for roofers?
Comprehensive coverage from top insurance companies such as Nationwide, Travelers, and The Hartford is recommended for roofers due to their industry expertise, competitive rates, and low complaint levels. These companies offer tailored solutions that address specific risks faced by roofing businesses, ensuring robust protection against financial losses and liabilities.
Enter your ZIP code below to get started on comparing business insurance quotes.
How do factors like business size and location influence the cost of business insurance for roofers?
The size of your roofing business, annual revenue, and geographic location are key factors influencing insurance costs. Smaller businesses or solo contractors generally pay less. Higher revenue and locations with increased risk levels may result in higher premiums due to the larger operation and varying regional risk factors.
For further insight, delve into: How does the insurance company determine my premium?
Can bundling insurance policies with multi-policy discounts benefit roofing businesses?
Yes, bundling insurance policies with multi-policy discounts is advantageous for roofing businesses. Companies like Nationwide, Travelers, and The Hartford offer multi-policy discounts of up to 25%, allowing roofers to combine different coverages like General Liability, Workers’ Compensation, and Commercial Auto Insurance for overall cost savings.
How can roofers easily obtain business insurance from top-rated insurers like those mentioned in the article?
Roofers can easily obtain business insurance by following a simple three-step process with platforms like Insureon. Firstly, prepare basic business information. Secondly, complete an online application with details about your business and coverage needs. Finally, licensed insurance professionals review the information and identify the best coverage options from a network of top-rated carriers, providing policy documents and a certificate of insurance for proof of coverage.
How does the type of roofing material used by a roofer impact their insurance premiums?
The type of roofing material used can impact insurance premiums due to varying risks associated with different materials. For instance, roofing materials like metal or tile may be considered more durable and fire-resistant, potentially leading to lower premiums. Conversely, materials prone to damage or more susceptible to fire hazards might result in higher insurance costs.
Are there any specific safety certifications or training programs that can help lower insurance costs for roofing businesses?
Yes, obtaining safety certifications such as OSHA (Occupational Safety and Health Administration) training or participating in industry-specific safety programs like Roof inspection or Roof maintenance can demonstrate a commitment to risk management and workplace safety. Insurance providers may offer discounts or incentives for businesses that prioritize employee safety through these initiatives.
Can roofers adjust their coverage limits based on seasonal fluctuations in business activity?
Yes, roofers can typically adjust their coverage limits to accommodate seasonal fluctuations in business activity. For example, during peak roofing seasons, they may opt for higher coverage limits to protect against increased risks and liabilities. Conversely, during slower periods, they might choose to adjust coverage downwards to align with reduced operations and associated risks.
Get commercial insurance that doesn’t break your budget by using our free comparison tool below.
What steps can roofing businesses take to minimize the risk of insurance claims and maintain lower premiums?
Roofing businesses can take several proactive measures to minimize insurance claims and maintain lower premiums. These include implementing comprehensive safety protocols, providing ongoing training for employees in Roof repair and Roof installation, conducting regular equipment maintenance, and addressing potential hazards promptly.
Is it advisable for roofing businesses to regularly review and update their insurance policies to ensure adequate coverage?
How do roofers market?
Roofers often employ various marketing strategies to promote their services, including digital marketing through websites, social media platforms, and search engine optimization (SEO). Additionally, they may utilize traditional methods such as direct mail, local advertising, and networking within the community.
How do you quote a roof?
Quoting a roof involves assessing factors such as the size of the roof, materials needed, labor costs, and any additional services required, such as repairs or replacements. Roofers typically conduct on-site inspections to provide accurate quotes tailored to the specific needs of the customer. Learn more if Farmer’s offer roof replacement in our article called “Does Farmers homeowners insurance cover roof replacement?“
How long can a roof last?
The lifespan of a roof varies depending on factors such as the type of roofing material used, climate conditions, maintenance practices, and installation quality. Generally, asphalt shingle roofs can last around 20 to 30 years, while metal roofs may last 40 to 70 years or more with proper care.
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Heidi Mertlich
Licensed Insurance Agent
Heidi works with top-rated life insurance carriers to bring her clients the highest quality protection at the most competitive prices. She founded NoPhysicalTermLife.com, specializing in life insurance that doesn’t require a medical exam. Heidi is a regular contributor to several insurance websites, including FinanceBuzz.com, Insurist.com, and Forbes. As a parent herself, she understands the ...
Licensed Insurance Agent
Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. Our goal is to be an objective, third-party resource for everything insurance related. We update our site regularly, and all content is reviewed by insurance experts.