As a Tennessee business owner or executive, you know that insurance costs are often one of the largest expenses on your income statement – just behind the cost of payroll and benefits. Contact Bowery Insurance, a member of Correll Insurance Group, to discuss insurance options for your business.
As one of the Southeast's largest agencies, with more than 25 offices across the region, Correll Insurance Group can provide your company with quality business coverage. Moreover, we can provide risk management and insurance solutions.
Whether you have a large or small business, and whatever your industry, Bowery Insurance can respond to your commercial insurance needs, including:
Businesses need coverage that reduces risk, fits the budget, and improves efficiency. Our independent agents, with knowledge of the Kingsport area, will sit down with you to discuss the type of insurance coverage your business needs.
Most often, businesses of all sizes need some combination of the following types of insurance:
One of the biggest exposures facing small businesses is the risk of liability. For example, if someone slips and falls on your business premises, you could be found liable. If you sell tainted food that causes an E. coli outbreak, the damages could be catastrophic. If you manufacture a product that causes a consumer’s injury or death, you could be found negligent. These are just a few of the many types of liability claims that can impact even the most safety-conscious businesses. Unfortunately, legal expenses and damages can add up fast, deteriorating your loss ratio and making you an undesirable risk for commercial insurance company underwriters. It’s important to find a liability insurance policy that protects you from risk.
Businesses that provide advice face the risk of professional liability. For example, accountants, lawyers, real estate agents, and financial advisers all provide their clients with professional advice. If that advice results in financial loss and the client sues for damages, the business could be found liable. If the business is not properly insured, the business owner’s personal assets are at risk. For that reason, it’s important to have professional liability insurance to protect against the unique exposures of your business.
Property insurance protects your commercial building’s structure from covered causes of loss such as wind and fire. Some policies also provide protection for your business inventory, equipment, boilers, machinery, and more. If you transport goods you may need goods-in-transit or a separate policy.
If you need insurance for your small business, a BOP might be an insurance solution. It packages property and liability coverage together in one business insurance policy.
Have you ever stopped to wonder what might happen to your production and revenues if your place of business was no longer accessible? For many businesses, this scenario spells financial disaster, but not if they’re protected by business interruption coverage. Business interruption coverage reimburses companies for their average monthly revenues if and when they’re unable to transact business due to a covered cause of business interruption.
Learn more on our workers comp insurance page.
Correll Insurance Group is a Trusted Choice® independent agency and has relationships with many of the nation’s “A”-rated commercial insurance companies.
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