Roofing insurance costs depend on your policy limits, your business risks, your equipment value, and other factors. Cost estimates are sourced from policies purchased by Insureon customers.
General liability insurance costs 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. Roofers can often save money by bundling general liability insurance with commercial property insurance in a business owner’s policy.
Median cost per year: $3,590
Policy limit: $1 million per occurrence
Policy deductible: $1,000
Workers’ compensation insurance costs for roofers
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.
Commercial auto insurance costs for roofers
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
Generic policy limit: $1 million
Contractor’s tools and equipment insurance costs for roofers
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
Generic policy limit: $5,000
Get free quotes and compare policies with Insureon
At Insureon, our construction and contracting insurance agents work with top-rated U.S. carriers to find coverage that fits your roofing business, whether you operate independently or hire employees. Apply today to compare quotes from multiple carriers with one free online application. If you decide to purchase a policy, you’ll work with an account manager who specializes in the unique risks facing roofers.