Workers' Comp Insurance for Roofing Businesses
There are almost 100,000 roofing contractors in the United States with over 285,000 employees. Many roofing companies have a hard time finding workers compensation coverage outside of their State Fund because a lot of standard markets don’t offer coverage for roofers. That’s why we’ve worked with several of our best companies to create target programs for roofers.
We’ve been helping roofers find easy and affordable coverage for over 15 years. Our experts understand the underwriting requirements from the insurance companies and we know how to negotiate the lowest rates on coverage. That’s why we’ve developed programs designed to help you get the best rates and most flexible payment options.
Pay as you go
Improve cashflow and reduce the potential for big audit bills.
Comparison Pricing
Get quotes from multiple insurance companies to ensure the lowest rates.
Claims Management
Our carriers have experienced claim managers to close claims quickly.
Workers' Compensation Codes Related to Roofing
Employees are grouped into classification codes based on their job duties and work functions. The National Council on Compensation Insurance (NCCI) currently utilizes nearly 800 class codes to help insurance companies and agents categorize employees for rating purposes. Insurance companies set a base manual rate for each class code in order to begin pricing a policy.
Properly classifying workers is an important part of the quote process. Mis-classified employees can cost small businesses thousands of dollars. You could end up paying too much for coverage or owing more money after an annual audit.
Class Code 5551
Roofing Contractors
Class code 5551 the standard classification for most roofing contractors. It covers contractors who perform installation and repair of new and existing roofs on residential and commercial properties. Work may include flat, sloped, and builtup roofs and may include the installation or repair of joists, trusses, rafters, decks, sheathing, etc. Materials utilized may include shingles, metals, hot tar, composite materials, concrete aggregates, slate, tile or felt paper.
Class Code 8227
Construction Yard
Larger roofing companies who maintain a permanent facility or yard for material storage and maintenance of equipment will often utilize this classification on their policy for employees exclusively dedicated to the facility or yard.
Class Code 5645
Residential Construction
When roofing is performed in conjunction with the construction of a residential dwelling, by employees of the same general contractor, then roofing may be applicable to this code. Applies only to residential construction under 3 stories.
Alternative State Class Codes for Roofing Contractors:
Sometimes a state will deviate from the industry class code recommended by NCCI. Instead of the NCCI code, they may require the utilization of a state specific class code for certain business segments.
Synonyms: roofer, sheet metal roofing, shake roofing, shingle roofing, asphalt roofing, roof coating, copper roofing, skylight installation, roof pressure washing, waterproofing, solar panel installation on roofs.
How Does Workers' Comp Work?
Workers' comp coverage protects employees when injured. It makes good financial sense for both parties.
- Loss of income for employees unable to perform job duties
- Medical expenses for employees injured on the job
- Retraining expenses for employees unable to return
- Permanent injury or disability for lasting injuries
- Survivor benefits if employees are killed on the job
Coverage does not protect employers from everything. Sometimes employees and employers can be negligent.
- Injuries resulting from a violation of the law
- Incidents resulting from employees' use fo drugs or alcohol
- Injuries that did not occur in connection with the job
- Clear company policy violations
- Injuries that did not occur in connection with the job
How Much Does Roofing Insurance Cost?
The average rate our customers pay for workers’ compensation under the roofing class code is between $9.90 and $15.25 per $100 of payroll, depending on the state. The average state fund rate is about $29.50 per $100 of payroll. The average cost for a general liability insurance policy is about $2,800.00.
- Work Comp is priced based on payroll
- Your state and EMR Rating will affect your cost
- The type of roofing work can modify rates
- Premium discounts and policy credits may apply
- GL rates for roofers are based on payroll (rated per $1000)
- Gross revenue may affect pricing
- The type of work done matters to underwriters
- Prior clams and years in business affect pricing
- SIC codes 1761
How do I get started?
Here's what we need from you
- Business details, locations, FEIN or SSN
- Estimated annual payroll and job duties- class codes
- Claims info or loss history- if applicable
What Happens Next?
We go find for your best price
- Our software matches you with top-rated carriers
- Our agents apply and negotiate your lowest rates
- We present and recommend your best options