Commercial Property Insurance will provide coverage for your properties in case damage renders them impossible to rent or lease.
Business Interruption Insurance protects your small business if impacted by a covered risk. It'll cover the costs in replacing lost income and paying for additional expenditures. Also known as Business Interruption Coverage, this policy is usually part of your BOP (Business Owners Policy).
Commercial Auto Insurance covers your cars, trucks, and vans used in your business. It covers the costs from vehicle damage in collisions, theft, vandalism and weather damage. It also covers medical expenses for to injured parties.
General Liability Insurance protects your small business against claims of third-party bodily injury and property damage, reputational harm and advertising injury. It covers medical bills, repair costs & legal fees.
Professional Liability Insurance (or E&O Insurance), protects your small business from claims of mistakes, negligence or malpractice made when providing your services that caused somebody financial loss. PLI covers your legal defense costs, damages and settlements.
Workers Compensation covers your employees' medical costs and lost wages while recovering from a work-related injury or illness. The employee gives up the right to sue your company in return for receiving cash and benefits from Workers Compensation. In some states it’s mandatory for businesses!
Is a Workers Compensation mandatory in Tennessee?
A Tennessee business with 5 or more employees must have Workers' Compensation coverage. Construction or trade businesses that have 1 or more employees also must carry Workers' Compensation coverage.
Why do I need insurance for my Tennessee small business?
Some insurance coverages are required by TN law. Other coverages are optional, but may be wise choices. Every business has liability risk. Property damage coverage is also a common choice.
What limits of Business Auto insurance do I need in Tennessee?
Tennessee requires minimum coverage amounts of $25,000 bodily injury per person, $50,000 bodily injury per accident, and $15,000 coverage for property damage liability.
How much does business insurance cost in Tennessee?
Every Tennessee business is unique. Insurance rates depend on a number of factors, including your experience, the type of business, your claims history, and your chosen coverage limits.
Guide to commercial insurance by state
Insurance laws and requirements may vary state by state. Click on your state to discover the insurance you will need for your small business: