How much does business insurance cost for roofers?

Roofing businesses pay a median premium of about $300 per month, or $3,590 per year, for general liability insurance. This policy provides protection against third-party injuries, third-party property damage, and advertising injuries. Roofing contractors can often save money by bundling general liability insurance with commercial property insurance in a business owner’s policy (BOP).

Median cost per year: $3,590
Policy limit: $1 million per occurrence
Deductible: $1,000 

Learn how to save money on your policy, which coverage limits to choose, and more on Insureon's general liability insurance cost analysis page.

The median cost of workers’ compensation insurance for a roofing business is less than $810 per month, or $9,690 annually. The cost varies significantly depending on the state and business operations.

This policy, which is required in almost every state for businesses with employees, can help cover medical fees and lost wages for work-related injuries and illnesses. Most policies include employer’s liability insurance, which protects owners against lawsuits related to workplace injuries. 

Learn how workers' comp premiums are calculated and more on Insureon's workers' compensation insurance cost analysis page.

With a median rate of about $140 per month, or $1,685 annually, commercial auto insurance provides coverage for vehicles your roofing business owns. This policy can help pay for property damage and medical costs in an accident. It also covers vehicle theft, vandalism, and weather damage.

Median cost per year: $1,685
Policy limit: $1 million 

Learn how coverage limits and other factors affect the cost of this policy on Insureon's commercial auto insurance cost analysis page.

Roofers pay a median premium of about $40 per month, or $500 annually, for contractor’s tools and equipment coverage.

A form of inland marine insurance, this policy helps cover the repair or replacement of lost, stolen, or damaged tools and equipment.

Median cost per year: $500
Policy limit: $5,000 

Learn which coverage limits to choose and more on Insureon's contractor's tools and equipment insurance cost analysis page.

Construction businesses and contractors pay a median of about $85 per month, or $1,000 per year, for professional liability insurance. This policy protects roofers against lawsuits alleging unsatisfactory, late, or incomplete work. It's also called errors and omissions insurance (E&O).

Median cost per year: $1,000
Policy limit: $1 million per occurrence

Learn how to save money on your policy, which coverage limits to choose, and more on Insureon's professional liability insurance cost analysis page.

Construction businesses and contractors pay a median premium of about $8 per month, or $100 per year, for surety bonds. A surety bond reimburses your client if you're unable to fulfill the terms of a contract or other agreement.

Median cost per year: $100
Bond amount: $10,000

Learn how to reduce your premium, which bond amount to choose, and more on Insureon's surety bond cost analysis page.