As a painter in Tennessee, having proper insurance coverage is essential for protecting your business, meeting state requirements, and securing contracts. This comprehensive guide breaks down the key insurance coverages Tennessee painters need, including costs based on our analysis of actual quotes from leading carriers.
Put the finishing touches on your education about commercial painting insurance options.
General Liability Insurance for Tennessee Painters
Based on our analysis of actual quotes from leading carriers, here are the typical general liability insurance costs for Tennessee painting contractors:
| Revenue Size | Average Premium | % of Revenue | Favorable Rate | Potential Savings |
|---|---|---|---|---|
| $150K | $1,900 | 1.3% | $1,000 | 47% |
| $500K | $4,800 | 1.0% | $2,200 | 54% |
| $1M | $9,400 | 0.9% | $4,600 | 51% |
These premiums assume:
- Clean claims history (5+ years claims-free)
- Standard $1M/$2M coverage limits
- Mix of residential and commercial painting work
- Approximately 10% subcontractor costs
Worker’s Compensation Insurance for Tennessee Painters
Tennessee requires workers’ compensation insurance for painting contractors with 5 or more employees. Based on our analysis, Tennessee painters typically pay:
- Average cost per employee: $1,704 annually
- Cost per $100K of payroll: $4,420
Key factors affecting premiums:
- Employee classification codes (primarily code 5474 for painters)
- Total annual payroll
- Claims history and safety programs
- Experience modifier rating (EMR)
Additional Business Insurance for Painters in Tennessee
Beyond general liability and workers’ compensation, Tennessee painters should consider:
1. Commercial Auto Insurance
- Typical cost: $1,500-$3,050 per vehicle annually
- Coverage limits: $100K per person/$300K per accident standard
- Higher limits ($500K-$1M) recommended for larger operations
2. Tools & Equipment Coverage
- Annual premiums: $200-$2,000
- Policy limits: $5,000-$15,000+
- Covers painting equipment during transport and at job sites
3. Contractors’ E&O Insurance
- Cost: $50-$500 annually
- Covers claims related to faulty workmanship
- Policy limits: $10,000-$1M+
4. Surety Bonds
- Premium: 1-3% of bond amount
- Costs vary by credit score:
- $5,000 bond: $100-$400
- $10,000 bond: $100-$1,000
- $15,000 bond: $150-$1,500
5. Commercial Property Insurance
- Annual premiums: $1,000-$5,000
- Protects warehouses, shops, and equipment
- Coverage based on property value and location
Get Tennessee Painter Liability with ContractorNerd
ContractorNerd’s painting insurance experts make getting coverage simple and data-driven:
- Expert guidance on Tennessee-specific requirements
- Multiple quotes from top-rated carriers
- Side-by-side coverage comparisons
- Streamlined application process
- Ongoing policy management support
- Claims advocacy when needed
Our team helps you:
- Find optimal coverage levels for your painting business
- Secure competitive rates through our carrier network
- Bundle policies for maximum savings
- Ensure compliance with state regulations
Contact ContractorNerd today for tailored quotes and expert guidance on your painting business insurance needs.