Finding Affordable Roofing Contractor Insurance as a New Small Business Entrepreneur
It was extremely humiliating to realize how naïve I was to the complexities of starting up my shrimp roof replacement business in Waukesha, Wisconsin. I instruct it was due to my presumption that because I am a sole proprietor anticipating less than a dozen side jobs annually, that roofing liability insurance coverage would not entail a valuable investment cost to protect my business against liability. My presumption was mistaken…
I’ve been employed for a roofing contractor for several years, and over the course of the past 2 years I have completed several side jobs; consisting primarily of residential roof replacement. This not only entailed complete walk off and roof replacement, but re-covers as well. Due to the nature of risk fervent in the roofing trade, as well as my desire to own and provide legitimate roofing contractor work, I started out my business venture by conducting some research on protecting my microscopic roofing business from liability, and implementing a marketing method to attract potential customers. After creating my business name, a webpage and several blogs, and having some business cards printed, I began the endeavor of searching for an affordable roofing contractor liability insurance policy.
I started my search by going online to win roofing liability insurance providers. I can honestly station that this was one search that was fascinating to me because the search results were cluttered with roofing contractor websites and advertisements that targeted insurance as section of their marketing map. After sifting through the online search results and finding numerous roofing contractor insurance providers across the United States. Although some of the insurance providers only offered coverage to contractors in puny, specific states, the majority of the companies offered coverage in all 50 states. Utilizing their online application process, I made several online requests for quotes — submitting my business information to a half dozen companies — and retiring to await for any responses or follow-ups.
Within a couple of hours my phone began to ring as prospective insurance providers responded to my online inquiry. I was asked to provide further information about my company and otherwise explain further on the specific coverage that I was seeking. Because my business is a shrimp, sole proprietorship, I was looking for affordable coverage that was conducive to a smaller amount of jobs and cramped financial profits. Although I reserved some inclination that roofing insurance could be an expensive liability with the risk fervent, I certainly was not prepared to hear quotes ranging anywhere from $4,000 to $6,000 annually! For a exiguous business entrepreneur as me, this type of investment was simply unfeasible and unpractical – especially when it comes to spending money during these tough economic times! Unless I could guarantee a minimum of 10-12 jobs annually I would not obtain any profit whatsoever. Waukesha, Wisconsin has a population of 67,658 and there is a lot of competition in the roofing business; making it difficult for a novel roofing business to project a specific number of job prospects. The view of not being able to achieve a liability coverage policy speedily sorrowful my business prospects. However, eventually I received a call from an Illinois based insurance provider who provided a quote that offered a policy which met my needs for an annual cost of about $900. This is something I can work with as a fresh business.
My experience should be a model that offers hope to the person desiring to commence a cramped roofing business in Wisconsin; yet conversely criticizes the insurance industry in making it extremely difficult for the tiny roof replacement business owner to pursue entrepreneurship by failing to offer a broader range of liability coverage respective to the itsy-bitsy guy.
Waukesha Home Improvement Expert
Liberty Home Improvement and Construction
It was extremely humiliating to realize how naïve I was to the complexities of starting up my shrimp roof replacement business in Waukesha, Wisconsin. I issue it was due to my presumption that because I am a sole proprietor anticipating less than a dozen side jobs annually, that roofing liability insurance coverage would not entail a distinguished investment cost to protect my business against liability. My presumption was mistaken…
I’ve been employed for a roofing contractor for several years, and over the course of the past 2 years I have completed several side jobs; consisting primarily of residential roof replacement. This not only entailed complete gallop off and roof replacement, but re-covers as well. Due to the nature of risk alive to in the roofing trade, as well as my desire to believe and provide legitimate roofing contractor work, I started out my business venture by conducting some research on protecting my exiguous roofing business from liability, and implementing a marketing diagram to attract potential customers. After creating my business name, a webpage and several blogs, and having some business cards printed, I began the endeavor of searching for an affordable roofing contractor liability insurance policy.
I started my search by going online to rep roofing liability insurance providers. I can honestly region that this was one search that was racy to me because the search results were cluttered with roofing contractor websites and advertisements that targeted insurance as piece of their marketing map. After sifting through the online search results and finding numerous roofing contractor insurance providers across the United States. Although some of the insurance providers only offered coverage to contractors in small, specific states, the majority of the companies offered coverage in all 50 states. Utilizing their online application process, I made several online requests for quotes — submitting my business information to a half dozen companies — and retiring to await for any responses or follow-ups.
Within a couple of hours my phone began to ring as prospective insurance providers responded to my online inquiry. I was asked to provide further information about my company and otherwise justify further on the specific coverage that I was seeking. Because my business is a exiguous, sole proprietorship, I was looking for affordable coverage that was conducive to a smaller amount of jobs and puny financial profits. Although I reserved some inclination that roofing insurance could be an expensive liability with the risk eager, I certainly was not prepared to hear quotes ranging anywhere from $4,000 to $6,000 annually! For a microscopic business entrepreneur as me, this type of investment was simply unfeasible and unpractical – especially when it comes to spending money during these tough economic times! Unless I could guarantee a minimum of 10-12 jobs annually I would not acquire any profit whatsoever. Waukesha, Wisconsin has a population of 67,658 and there is a lot of competition in the roofing business; making it difficult for a fresh roofing business to project a specific number of job prospects. The view of not being able to conclude a liability coverage policy rapidly dismal my business prospects. However, eventually I received a call from an Illinois based insurance provider who provided a quote that offered a policy which met my needs for an annual cost of about $900. This is something I can work with as a recent business.
My experience should be a model that offers hope to the person desiring to open a diminutive roofing business in Wisconsin; yet conversely criticizes the insurance industry in making it extremely difficult for the slight roof replacement business owner to pursue entrepreneurship by failing to offer a broader range of liability coverage respective to the itsy-bitsy guy.
Waukesha Home Improvement Expert
Liberty Home Improvement and Construction
Tagged with: Commercial Liability Insurance • General Liability Insurance • Liability Insurance
Filed under: Liability Insurance
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