How much does roofing insurance cost?

Roofing businesses and contractors pay an average of $317 per month, or $3,808 annually, for general liability insurance. Some roofers need proof of insurance for this policy to sign a commercial lease or a client contract.

A general liability policy can pay for medical expenses from third-party injuries, such as a customer who trips over your ladder and breaks their wrist. It covers costs if someone sues your business over a bodily injury, property damage, or advertising injury.

This is the average policy for roofing contractors who buy from Insureon:

Premium: $317 per month
Policy limits: $1 million per occurrence; $2 million aggregate
Deductible: $1,000

The cost of a general liability insurance policy depends on factors such as the coverage limits you choose, the size of your business, the amount of foot traffic you have, and any subcontractors or additional insured endorsements.

Learn more about how your premium is calculated and how to save money on your general liability policy.

Construction contractors and roofers pay an average of $125 per month for a business owner's policy, or $1,503 annually. Only small, low-risk businesses are eligible for a BOP.

A BOP is an insurance package that bundles two important types of coverage at a discount. It includes general liability coverage to protect against common lawsuits, and commercial property insurance to cover vandalism, theft, and property damage.

This is the average business owner's policy for a construction contractor who buys from Insureon:

Premium: $125 per month
Policy limits: $1 million per occurrence; $2 million aggregate
Deductible: $500

The cost of a business owner's policy depends on factors such as the insurance options you choose, the size of your business, the amount of foot traffic you have, and the value of your business property.

Construction businesses, including roofing contractors, pay an average of $175 per month for workers’ compensation insurance, or $2,101 annually. Workers' compensation rates for roofers often trend higher than other construction professionals, however, due to the elevated injury risks in their day-to-day operations.

Workers' comp helps cover medical costs for work-related injuries and illnesses. Most policies include employer's liability insurance, which covers the cost of lawsuits related to workplace injuries.

There's usually no limit to how much a workers' comp policy can pay for employee benefits, though it depends on state laws.

The cost of a workers' compensation policy depends on factors such as the number of employees you have and the type of work they do. Learn more about how workers' comp costs are calculated and how to save money on your policy.

Roofers and other construction businesses pay an average of $42 per month for contractor’s tools and equipment insurance, or $505 annually.

Also called inland marine insurance, this policy covers your property whether it’s in transit, at a jobsite, or stored off-site. It can pay for lost, stolen, or damaged roofing tools and equipment, such as shingle strippers, pry bars, hammers, ladders, and harnesses.

The cost of contractor's tools and equipment coverage depends on the value of your tools and equipment and the type of work you do. Items valued at over $2,500 may need to be scheduled separately on the policy.

Construction businesses and roofing professionals pay an average of $268 per month, or $3,212 annually, for commercial auto insurance.

Most states require this coverage for vehicles owned by a business. For personal, rented, and leased vehicles by your business, look to hired and non-owned auto insurance (HNOA) instead.

Commercial auto insurance covers financial losses in the event of an accident involving your business vehicle. It can help pay for property damage, medical bills, and legal costs. When buying a policy, you'll need to make sure your coverage limits meet your state's requirements.

The cost of a commercial auto policy depends on your coverage needs, the value of the vehicle, and your insurance claims history. Learn how insurers calculate your premium and how to save money on your commercial auto policy. 

Contracting businesses, including roofers, pay an average of $67 per month for professional liability insurance, or $808 annually. Roofing contractors can often add this coverage to general liability insurance for a discount, with the bundle costing an average of $150 monthly.

This contractor's liability insurance covers legal fees related to professional negligence, such as using a different kind of shingles than the homeowner requested. It's sometimes called errors and omissions insurance (E&O).

This is the average insurance coverage for contractors who buy from Insureon:

Premium: $67 per month
Policy limits: $1 million per occurrence; $1 million aggregate
Deductible: $1,000

The cost of professional liability insurance depends on factors such as the coverage limits you choose, the size of your business, and your profession. Find out how insurers set professional liability premiums and how to save money on your policy. 

Roofing contractors and other construction businesses pay an average of $93 per month, or $1,111 annually, for commercial umbrella insurance. You can buy this policy to boost the limits of your underlying general liability, commercial auto, or employer's liability insurance.

When the underlying policy reaches its limit, commercial umbrella insurance activates to cover any costs over that limit.

The cost of commercial umbrella insurance depends primarily on the amount of coverage you purchase.

Roofing businesses and other construction contractors pay an average of $9 per month, or $112 annually, for a surety bond.

A surety bond reimburses your client if you're unable to fulfill the terms of a contract or other agreement. You may need a surety bond to get a contractor's license or roofing license for certain types of work.

The cost of a surety bond primarily depends on the size of the bond.