Category: Commercial Insurance

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.