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.