HB2102 is the new deductible law that went into effect September 1st, 2019, only 3 months after it was signed by the governor. It is not a completely new law, but rather a clarification and more carefully-worded version of the deductibles law that has been around for years.
To survive (much less thrive) as a roofing contractor, you have to take on insurance claim jobs. For many roofers, it’s the bulk of their business. Dealing with denied or underpaid insurance claims can be difficult enough, but what if you do the work and can’t get paid?
As a busy roofing contractor, you don’t have time to mess around. If an insurance company won’t buy a roof, you’ve wasted time you could have spent seeking other jobs. To “buy time,” it might be tempting to have a Public Insurance Adjuster (PA) make the claim on your client’s behalf. But in doing so, you could be doing a disservice to your client and yourself; here’s why:
Risk vs Reward. Risk reduction can definitely improve the bottom line.
Roofing calls for working in varying heights; commercial roofing can require even greater heights. In the roof-contracting business, one of the first words owners ponder is risk. The stark reality is that when roofing contractors go about their daily routines, there is always the potential to be injured or even killed in fatal fall incident.
For small or new roofing contractors there are definite cons in making safety a first priority in your business: it is costly, you need additional equipment, you have additional policies and procedures to follow, and you have to provide training programs for workers.
While a complete safety overhaul may not be a feasible feat for every roofing contractor, taking small steps towards improving your business' safety can actually pay off in BIG ways.
Here are five ways how risk reduction can help: