Being a contractor exposes you to possible workplace danger. You can get into an accident while working on a project which can lead to injuries, time off, and more. In 2018, the U.S. Bureau of Labor Statistics recorded 2,382 fatal injuries for building equipment contractors and 23,816 fatal injuries for roofing contractors. These figures speak volumes and paint a vivid picture of the risks contractors face every day.
In most cases, contractors worry not only about their injuries but also the damage to the project or property as a result of their accident. For example, you could be working on a roofing project and you slip and fall. Your tumble, while you may not be injured, still causes damage to the property. No matter what the circumstances are, you are expected to pay the claims which resulted from the incident. If you do not own roofing insurance, you will have to pay all the fees and expenses out of your own pocket.
It’s the same story if you have a contractor business and provide services for various building and construction companies. When one of your people gets into an accident and causes damage to a client’s property while working, the charges and claims will be directed to your company. You will be obligated to pay for the fees and expenses. If your company does not have enough money for the claims, you will have to dig into your personal finances to pay off the fees.
Insurance ensures you and your employees are covered from any accidents on the job. Plus, having insurance is great peace of mind for you and even your customers.
If you do not want this to happen to you and your business, you should consider getting contractor insurance. Check out the infographic to the right and learn more about what insurance policies can offer to your contracting business. Here is Wyoming Roofing’s certificate of insurance.