Tennessee Contractors Insurance can be very confusing at times, so we are here to assist you through the process of selecting the right coverage from the right company. We have many companies to find you the best possible coverage at an affordable price. We have many years in the Construction insurance industry to evaluate your risk and solve the coverage needs of your construction company.
Coverage options include:
- General Liability Insurance – Protects you from most claims that arise from day-to-day activities. This includes the activity of running a business and the type of accidents that would occur at a job site.
- Tools and Equipment – Hand tools are normally covered on a blanket basis with no list or schedule. No item can exceed $500 in value. Equipment Insurance will protect your larger tools and equipment such as welders, generators, nail guns and other expensive portable equipment.
- Builders Risk – C.O.C (Course of Construction) – Physical damage insurance for property under construction. Lenders will require it before issuing construction financing. They will usually require this coverage before funding remodeling projects as well and some policies can be endorsed to include the structure being remodeled also.
- Workers’ Compensation – Contractors are responsible for providing this coverage for employees but may also have the exposure because of subcontractors who have not provided workers’ compensation insurance for their employees. This exposure can be avoided by insisting that subcontractors carry appropriate workers’ compensation insurance.
- Business Auto Insurance – Personal auto policies exclude autos used for Commercial and Business purposes and would therefore require coverage on a policy designed for such use. If you use your automobile in business, be sure you have the right policy and coverage is not excluded.
We go the extra mile.
Does your current agent/broker talk to you about analyzing the data/information in your Experience Mod Rating and offer resources to help you control your mod? If not, you are missing out on a huge opportunity to lower your Workers’ Compensation premium and provide your company with a significant competitive advantage.
Are you comfortable that your current agent has the knowledge and tools necessary to understand the unique risks/exposures you face as a contractor and offer solutions to cover those exposures?
As your trusted advisor, we will put our Construction Risk and Insurance Specialty to work for you to find the best avenue to provide the protection you need, but sell you the least amount of insurance possible. What a refreshing alternative.
Experience Mod Analysis
The mod is a number issued annually by NCCI, or the state Bureau, and is a measure of actual claims against expected claims for a specific industry and payroll size. Following the data within your company’s mod helps us deliver the best resources, through our partnership with Zywave, to focus and empower your company’s loss control efforts, resulting in lower costs, increased productivity and other benefits.
Construction Risk and Insurance Specialist (CRIS) Designation
Construction company needs are diverse, critical and unique. The CRIS certification is a key indicator that your agent and their staff have the knowledge to meet these needs.
Loss control and safety resources
Through our partnership with Zywave, Thompson & Smith can deliver relevant, safety-oriented content to your email. This content can help solve real business problems, compliment your current safety efforts, or assist you in establishing new safety manuals. The content in Broker Briefcase is vast and written by industry experts devoted to providing you with original, timely marketing and communication resources.