As a professional contractor for roofing services, you want to make business decisions that generate success. You need trade skills, marketing know-how, be savvy at sales, and be able to manage everyday administration demands. That’s a lot to navigate!
Despite this long list of responsibilities, business owners find this industry rewarding for their hard work and effort. If you want to boost the success of your roofing company, read on for some helpful tips.
Expand Your Capabilities
One of the best pieces of advice you should follow to help your roofing company succeed is keeping up-to-date on the latest industry trends, tools, and techniques. This includes growing your understanding of how to run your company successfully. Often, local business organizations will offer free seminars to help business owners improve their current management strategies.
Also, keeping yourself informed on the latest regulations impacting the roofing industry is essential. You want what is best for your brand and your employees, so being actively aware of any new rules or laws is vital to ensure your operations are compliant.
Don’t Skip Licensing
Believe it or not, only about half of U.S. states require roofers to have a license, though many cities may still do so despite not being a state requirement. So if you happen to work in an area that doesn’t require you to have a license, you should probably still consider getting one.
Customers want to know they can trust your roofing company to do the job right. Having the necessary training, experience, and licensing can reinforce your reputation in their mind and help you stand out from your competitors. This means more revenue because of the larger number of contracts you will get.
No matter what industry you work in, you need to be organized as a business owner! Ensure all of your invoices, estimates, customer files, tax information, costs, and communications are securely stored in a centralized location.
Also, consider hiring an accountant to manage your books if you aren’t confident in your ability to do so. This can save a lot of stress and frustration come tax time. In fact, they could help you find ways to save money.
While you want to stand out from the competition, don’t overlook the valuable advice another roofing pro might have to offer to help you become more successful.
Consider going to trade shows and attending networking conferences related to roofing. These are a great way to not just learn about new tools and business news but can help you build professional relationships with other business owners.
You may even get a few referrals out of your efforts!
This tip is your most important. As a roofing business owner, you will work with employees, contractors, maybe even both. You will have customers on-site sometimes, too.
What happens if one of your workers gets hurt on the job? How will you handle a situation where a client gets injured? If you don’t have a liability policy in place, these costs will come directly out of your pocket.
Further, some contracts you might bid on will only accept those from companies that have coverage. Below is how roofing liability insurance protects your budding business:
Roofing is a high-risk industry for the employees that work in it. As a result, many states are subject to federal labor laws requiring you to carry workers’ compensation insurance if you employ at least one person. This type of coverage is critical for covering work-related injuries and medical costs.
Another important protection a liability policy covers involve certain perils, such as fire, theft, or a natural disaster. For example, successful roofing businesses typically have a physical location that stores materials and tools for their jobs.
What happens if this facility gets destroyed? The cost of repairing the structure and replacing lost equipment, tools, shingles, nails, possibly work trucks could devastate your company financially.
A comprehensive roofing liability insurance policy can ensure your business mitigates this risk should the unexpected happen.
Your brand is represents everything about your roofing company. You want your reputation to be spotless, and being insured can help you protect your good name. A roofer liability policy often includes Errors and Omissions coverage, which addresses claims that mistakes were made by your company that resulted in the customer losing money.
Insurance coverage also promotes your trustworthiness and accountability for your company’s roofing services, making customers feel more secure in their decision to hire you.
Every state has its own rules for licensing and insurance requirements for the roofing industry. Having a roofer liability policy in place can help you remain compliant with regulatory demands and ensure your operations go uninterrupted.
Also Read: What Are the Pros and Cons of Metal Roofs?
With all of this information, you are probably excited to get out there and take some actionable steps to help grow your success. However, remember to focus on the level of service quality you provide your customers.
Don’t skip steps to get a job completed before the deadline, especially if it puts the safety of your crew and client at risk.
Do your part to ensure your contracts get completed safely and at the best quality level possible by contacting a reputable business insurance provider to get roofing liability coverage.
Taking this step to protect your company, its work, and clients also makes a terrific selling point to help your company stand out from the rest.