Commercial and Business Insurance
Montgomery & Associates Insurance and Financial Services offers niche commercial business coverage tied to each industry we serve. Our agents understand the specific insurance needs vary by industry and specialization and have access to the commercial insurance companies in Tennessee for coverage and rate comparisons. Agency niches and Special Risk Management Programs offered in restaurants include fine dining, franchises, local farm to table restaurants, and juice bars.
What are commercial lines of insurance?
Commercial lines of insurance are the types of insurance that cover business risks. Seven examples of commercial lines of coverage include
1) Professional Liability (Errors and Omissions)
2) Worker’s Compensation
3) Umbrella Liability
4) Medical Malpractice
5) Cyber Liability Insurance
6) Business Interruption
7) Commercial Auto
What type of business insurance do you need?
It varies based on your industry, clientele, size of company, and other factors.
Is business insurance required in Tennessee?
The only insurance required in Tennessee is workers’ compensation. This mandatory insurance is for businesses
with five or more employees. With the building, construction, and mining companies, workers’ comp is mandatory with just one
employee.
Having insurance protections aside from workers’ comp is beneficial in reducing risk for business owners. Lines of coverage such
as general liability and professional liability are essential to protect you in the event an unexpected accident or error by an
employee.
Have a question? Ask us about commercial insurance
Commercial Lines of Coverage
The following are some examples of commercial lines and the risks they cover.
Medical Practices
Medical and healthcare insurance
The following practices require specialized insurance coverages. Malpractice insurance is just one of the coverages needed.
· General Dentistry
· Cosmetic Dentistry
· Orthodontic
· Hospitals
· Physicians
· Nurse Practitioners
· Physician Assistants
· Chiropractic Clinics
Which are the best commercial insurance companies?
The two top-rated commercial insurance carriers are Chubb and Nationwide.
Montgomery & Associates Insurance and Financial Services can quote a number of different companies to compare
policy options, lines of coverage, rates, and coverage. These include Nationwide, Chubb, and Progressive.
How much is business insurance in Tennessee?
Insurance generally costs 20 to 30% of gross sales. Many factors influence pricing such as industry, prior claims, and coverage
discounts.
Law Firms and Legal Services
Montgomery & Associates provides insurance and rate quotes to small or larger law firms specializing in the following:
General Practice
Personal Injury
Intellectual Property
Criminal, Corporate
Bankruptcy
Family Law
Divorce
Immigration
Tax
Employment
Social Security Disability
Restaurants
Local
Fine Dining
Drive-Thru
Chains
Catering Companies
Food Trucks
Investment Properties & Multi-Family Dwellings
Airbnb & VRBO
Hotels
High-Rise Condominiums and Associations
Apartment Complexes
Multi-Family Units
Assisted Living
Other Industries
Technology Firms
Contractor Renovations and Rehabs
Start-ups
We can insure just about any business in any industry. Call us. We’d love to learn more about your business.
Montgomery & Associates Insurance and Financial Services supports and properly protects clients in the areas of estimated risk management funding and growth.
For your convenience, we have agents in Nashville, Murfreesboro, and Brentwood, Tennessee.
Commercial Insurance: General Liability Coverage
Business owners often face significant risk of being sued based on several factors. Having a general liability policy reduces a business's exposure to the risk of being sued or held liable for injuries or damages the business may cause.
As a general rule, this liability coverage protects a business against losses resulting from property damage, bodily or personal injury that may occur on your business property or arise from business operations.
Our agency offers multiple quotes from multiple commercial carriers to ensure you receive the best coverage at the best rate.
General Liability insurance policies pay losses arising from real or alleged bodily injury, property damage, or personal injury on your business premises or arising from your operations.
Call Montgomery & Associates Insurance Agency to review your current policy or discuss your business insurance needs. (615) 829-8457
Workers Compensation Insurance
In general, the state of Tennessee requires employers with five or more employees to carry workers’ compensation coverage.
In Tennessee, if you have employees, you are required to carry Workers Compensation coverage.
This coverage provides payments to injured workers, without regard to who is at fault for the accident, for lost time from work and medical and rehabilitation services. It also provides death benefits to surviving spouses and dependents and covers work related illnesses.
Call Montgomery & Associates Insurance and Financial Services agency with questions about workers’ compensation or to sign up for coverage. Our agents can often help lower your current premium.
Nashville Office Phone (615) 829-8457
At Montgomery and Associates, we offer commercial packages for specific businesses and industries to best meet your needs.
Commercial Package Options
Business packages and risk management programs are available in the following business types.
- Please ask if you do not see your industry represented.
Car Repair Shops
Auto Body Repair Shops
Restaurants
Food Trucks
Medical Practices
Dentists
Chiropractors
Plumbers
General Contractors
HVAC Companies
Furniture Stores
And Many Others
Tennessee Commercial Auto Insurance
If you own a business and use commercial vehicles, it is important to have commercial auto insurance and be properly covered. Commercial auto insurance may include coverage for tractor trailers, company cars or vans, delivery or repair trucks, or other vehicle used in your line of work.
Business automotive policies differ from your personal car coverage in a number of ways. Call the experienced agents at Montgomery & Associates Insurance Agency with questions or to request a quote. (615) 829-8457
About Commercial Auto Insurance