Tennessee law mandates minimum insurance requirements for businesses across all industries. However, contractors and construction companies often need additional coverage to ensure compensation in worst-case scenarios. Additional insurance policies can be purchased individually or as part of a policy bundle.

Builder’s Risk Insurance

Many clients require construction companies to carry builder’s risk insurance to bid on certain projects. This type of insurance covers building materials, supplies, and equipment on a building site. It may also cover additional expenses caused by a delay in completing a construction project.

Contractors Equipment Insurance

Contractors’ equipment insurance is designed to cover equipment ranging from bulldozers to cables. Coverage varies depending on your chosen policy, but typical forms of damage you can receive compensation for include theft, vandalism, breakdowns, accidents, fires, and floods.

Errors and Omissions Insurance

Errors and omissions insurance covers errors made during your work. These can include breach of contract, failure to complete a project on time, or oversights in your work.

Subcontractor Default Insurance

If you own a construction company that hires subcontractors, you might want to consider purchasing a subcontractor default insurance policy. It covers a range of incidents related to subcontractors failing to comply with a construction agreement.

How Can Riskbusters Insurance Protect Your Business?

Riskbusters Insurance has over twenty years of experience serving Tennessee business owners. We offer multiple commercial insurance policy options to meet the needs of construction companies of all sizes and types. Call us to learn more about your coverage options or get price quotes on one or more insurance policies.

As a business owner, it’s important to have several essential insurance policies that will protect your business. There are various types of commercial insurance that you likely need. One of these is worker’s compensation insurance, known as worker’s comp. This is a vital coverage type that will protect your business and your employees. It’s beneficial for everyone in the company and important for the business itself. To get your worker’s comp policy, call us at Riskbusters Insurance in Tennessee.

Protecting Your Business

If you have employees, there is always the possibility that they may have an accident and get injured at work. You don’t need to have dangerous machinery in the workplace in order for this to happen. Any employee could have a fall in the workplace and suffer from injuries. If this happened and you weren’t insured, the business would be liable for all the bills afterward. This could include the employee’s lost wages, medical bills, legal costs, and more.

Protecting Your Employees

It’s also important for your employees that you have this protection in place. Employees shouldn’t worry that there won’t be funds in case they have an accident. This could quickly dwindle your number of employees because they face this risk that would be financially devastating to them. When you have worker’s comp in place, the funds will be available in case of an accident or a work-related sickness. This keeps them protected and ready to work.

Securing Worker’s Comp Insurance

If you have employees, you need this insurance. Don’t wait to get it, or you may be on the hook for an enormous amount of costs after an accident. Call Riskbusters Insurance in Tennessee to get started with a policy for your business.

Inspect commercial operating systems that aren’t covered by your existing commercial insurance policy. Determine whether adding these essential systems to your current insurance plan would be beneficial.

Operating Systems

Commercial operating systems are crucial to your company’s success. Ensuring these systems provides a smooth operation for you and your workforce.

• Conveyor belts
• Automated pickers and packers
• Packaging Equipment
• Automated cleaning devices
• Automated sorters

The above list provides examples of operating systems commonly found in modern businesses. Though well-maintained by a business owner, these systems are subject to damage or theft. With insurance coverage, such essential operating systems can be repaired or replaced as necessary.

Assessment

Prepare a list of commercial operating systems that are frequently used and walk through your business premises. Then, carry out an individual assessment of each operating system.

If you find any worn or damaged mechanical parts, schedule a service appointment. Once the systems have been well-maintained and are operational, prepare a list that features each system’s model number.

Coverage Types

Insurance can be purchased to protect you from liability claims. Liability insurance covers legal issues arising from accidents or damage caused by your operating systems. You can also get insurance covering theft, vandalism, and damage from weather events.

Obtaining comprehensive insurance coverage provides protection for a wide range of incidents that may necessitate system repair or replacement.

Contact Riskbusters Insurance

Contact a Riskbusters Insurance representative for advice about commercial insurance coverage. An agent serving Tennessee will arrange a consultation for you.

As a small business owner in Tennessee, safeguarding your business’s future and providing for your family rests heavily on your shoulders. Life insurance, often overlooked as a business tool, can serve as an essential pillar of financial security and a strategy for risk mitigation. Leveraging the benefits of life insurance can secure your venture’s longevity and foster long-term success.

Financial Security for Business Owners

At its core, life insurance provides financial security for business owners and their families. The tax-free lump sum payment provided on the insurer’s demise can be utilized to settle outstanding debts, manage continuous business expenditures, and cater to the financial needs of surviving family members. By offering a safety net, life insurance ensures that your entrepreneurial journey continues, even in your absence.

Insurance for Key Personnel

The success of a business largely hinges on the performance of its key personnel – the founders, executives, and indispensable employees. Their death could bring about significant financial implications. Life insurance policies aimed at key personnel provide coverage for costs involved in recruiting and training replacements and compensate for potential loss of revenue, ensuring business continuity.

Funds for Business Expansion

Certain types of life insurance policies, like whole or universal life insurance, can accumulate cash value over time. These funds can be borrowed or withdrawn to fund business expansion projects, acquisitions, and market penetration initiatives, adding another layer of financial stability to your business model.

How Riskbusters Insurance Can Assist You

Navigating the insurance landscape can prove complex. At Riskbusters Insurance, we provide comprehensive knowledge and guidance around life and other insurance types. Serving Tennessee’s entrepreneurial community, we are merely a call away. Contact us today for further information.

Commercial Insurance Unpacked with Riskbusters Insurance

As a business owner in Tennessee, it’s essential to understand your commercial insurance coverage fully. Riskbusters Insurance is here to provide the coverage you require and shine a light on what that entails.

Know What Your Policy Covers

Commercial insurance policies usually include a variety of coverage types. It’s important that you recognize the types you’ve purchased for your company. Revisit your policy to verify if you have included critical commercial insurance coverage like liability, commercial auto, and workers’ compensation.

Understand Your Policy Duration and Renewal Date

Your commercial insurance policy will last for a set duration, after which it will require renewal. Keep track of your policy term length to ensure continuous coverage and avoid any insurance gaps.

Learn How to File a Claim

At some point, you may need to file a claim on your commercial insurance policy. Being familiar with the claims process can significantly reduce the stress of filing a claim. Arm yourself with knowledge of the process to be better prepared for future claims.

Be Aware of your Premium Costs

Commercial insurance premiums should be included in your company’s budget. This allows for accurate financial planning while providing quality insurance coverage free from financial strain.

Contact Riskbusters Insurance Today

Get your business insured today by reaching out to us at Riskbusters Insurance. We take pride in offering competitive quotes on commercial insurance policies in Tennessee. Don’t hesitate to call us now!

If you’re a freelancer serving clients in Tennessee and beyond, you may think you don’t need commercial insurance, primarily if you work out of your home. However, some situations may require obtaining specific insurance types before taking on new clients. Other situations may not require them but may be preferable to your future operations. Riskbusters Insurance can help you decide what types of commercial insurance can meet your needs.

Your Clients May Ask You to Carry Insurance

An increasing trend involves clients asking freelancers they work with to carry insurance to cover risks at no cost to them because of today’s highly litigious society. Many businesses do whatever they can to minimize risk and protect themselves from paying defense fees, compensation costs, and reputational damage if a lawsuit occurs. In most cases, professional liability insurance may be nice, but in other cases, it could be a dealbreaker for lucrative contracts that bring in a lot of money.

The Type of Policies Needed Depends on Your Industry

Freelance contractors performing physical work like plumbing, electrical, HVAC, and similar jobs can benefit from policies that protect their tools and equipment. Some professions may also need a general liability policy for freelancers to obtain a license. Errors and omissions insurance can be tailored to your specific industry requirements. Among the various types of policies to consider are:

• Tech errors and omissions to protect against unexpected cyberattacks
• Media liability insurance for plagiarism or libel claims
• Inland marine insurance when transporting business property
• Business interruption insurance

Consult With Us

If you’re wondering what types of commercial insurance are most appropriate for your freelancing career, Riskbusters Insurance serving Tennessee residents and businesses can help. Contact our office today to speak with one of our agents to get started on a policy.

If you’re a freelancer serving clients in Tennessee and beyond, you may think you don’t need commercial insurance, primarily if you work out of your home. However, some situations may require obtaining specific insurance types before taking on new clients. Other situations may not require them but may be preferable to your future operations. Riskbusters Insurance can help you decide what types of commercial insurance can meet your needs.

Your Clients May Ask You to Carry Insurance

An increasing trend involves clients asking freelancers they work with to carry insurance to cover risks at no cost to them because of today’s highly litigious society. Many businesses do whatever they can to minimize risk and protect themselves from paying defense fees, compensation costs, and reputational damage if a lawsuit occurs. In most cases, professional liability insurance may be nice, but in other cases, it could be a dealbreaker for lucrative contracts that bring in a lot of money.

The Type of Policies Needed Depends on Your Industry

Freelance contractors performing physical work like plumbing, electrical, HVAC, and similar jobs can benefit from policies that protect their tools and equipment. Some professions may also need a general liability policy for freelancers to obtain a license. Errors and omissions insurance can be tailored to your specific industry requirements. Among the various types of policies to consider are:

• Tech errors and omissions to protect against unexpected cyberattacks
• Media liability insurance for plagiarism or libel claims
• Inland marine insurance when transporting business property
• Business interruption insurance

Consult With Us

If you’re wondering what types of commercial insurance are most appropriate for your freelancing career, Riskbusters Insurance serving Tennessee residents and businesses can help. Contact our office today to speak with one of our agents to get started on a policy.

In today’s highly-competitive business environment, starting a small business in Tennessee can be both exhilarating and challenging. Choosing commercial insurance should be an important part of your business strategy. Fortunately, Tennessee business owners can turn to Riskbusters Insurance for guidance in selecting commercial insurance options to meet their small business needs.  

Commercial Insurance Options for Small Businesses

One of the first things to consider when selecting business insurance is the risks your small business will face both now and in the future. The coverage you choose should protect you against those risks so your business has a chance to grow. For your convenience, we offer the following commercial coverage options for Tennessee startups:  

General Liability insurance

We recommend that all small business owners obtain general liability coverage for protection against accidental injuries a customer or client may sustain at their business site. Liability coverage also covers the risk of lawsuits that may arise from customer/client accidents.

Professional Liability

Professional liability is for businesses that provide professional services, like accountants, marketing firms,  consultants, etc. It protects your business against mistakes you or an employee may make that result in client injury or financial loss.  

Commercial Property Coverage

If your business owns a warehouse, office, or other physical property, you can benefit from property coverage to protect your building and its contents against such risks as fire, vandalism, storm damage, or other disaster.

Worker’s Comp

Worker’s comp is required coverage for Tennessee businesses that have five or more employees, full or part-time. It protects your workers against work-related accidental injuries. Good employees are hard to come by. Protecting your workforce is one way to retain trained workers to grow your new enterprise.  

Where to Obtain Commercial Coverage

Looking for commercial insurance coverage to protect your Tennessee startup? Give Riskbusters Insurance a call! We look forward to meeting all your business insurance needs.

Owning a home business has grown increasingly popular. It is an easier way to afford the startup costs since you don’t have to rent a location for your business. You may believe that you will be able to ensure your business interests with the insurance you already have, but that is incorrect and might leave you in danger. At Riskbusters Insurance, we understand the risks that Tennessee home businesses face and we will help you to get the correct coverage. 

Why Commercial Insurance

Your home content insurance is not designed to cover all the things you need to do business. You might get some coverage from your home insurance, but it is unlikely to be adequate. By having commercial property insurance, you can guarantee all the things you require to operate your business will be replaced by your insurance. 

Your home is covered by liability insurance. However, if you have people coming to conduct business with you at your home, your liability coverage does not extend to them. In order to have liability coverage you need to have commercial liability insurance. Protecting your assets is vital to your financial security and liability insurance can do that. 

If you are using your vehicle to do business, you need to make sure you have commercial automobile insurance since your personal auto insurance will not cover you while you are using your vehicle for business. Even if it is a quick delivery, you could find yourself having to pay for any repairs that might result from an accident. 

If you have any employees at your home business, you need to follow the state laws of Tennessee regarding workers’ compensation and have a policy for your employees. 

Reach Out To Us

Contact Riskbusters Insurance when you are in need of commercial insurance for your home business. We are happy to assist.

In Tennessee, the state mandates certain types of commercial insurance for Tennessee businesses. Your business may fall into the category of one that needs to have these commercial insurance policies. It’s important to know what is mandated and whether your business is included in that mandate. When you need commercial insurance in Tennessee, give us a call now at Riskbusters Insurance.

Required Commercial Insurance For Your Business

Workers’ Compensation Insurance

In Tennessee, this type of commercial insurance is required for businesses that have at least five employees. These workers may work part-time or full-time. The number of employees does include corporate officers, even if these officers are not covered by the policy. If your business is in the coal mining or construction industries, you have to have this commercial coverage for all employees no matter how many of them they are. When you have a workers’ comp policy in place, it pays for medical bills and other costs that are due after a worker is injured while at work. It also pays disability benefits for workers who need them after an injury. This insurance can help protect your company from liability.

Commercial Auto Insurance

When you own a business in Tennessee, and the business owns a vehicle, you are required to have a commercial auto insurance policy for that vehicle. This coverage protects you against the costs due after the work vehicle has been in an accident. There are several types of coverage that are required to be in these policies. These include an amount of coverage for one person’s bodily injury liability. Another amount for all of the injured parties is also required for this liability coverage. In addition, the policy must contain a property damage liability amount of coverage. If you run a trucking company, there may be other types of insurance you are required to have. 

Get Coverage Today

To get commercial insurance in Tennessee, call us at Riskbusters Insurance.