This type of business liability insurance is important for all Tennessee businesses. It covers common third-party risks, and it's required by most commercial leases.
This policy, also called errors and omissions insurance (E&O), protects Tennessee businesses that provide professional services or advice. It covers lawsuits related to work performance.
This policy covers financial losses from data breaches and cyberattacks. It's recommended for Tennessee businesses that handle credit card numbers and other sensitive data.
A BOP bundles commercial property insurance and general liability coverage in one plan. It's often the most cost-effective type of commercial insurance for a Tennessee business.
Workers’ comp insurance is required for Tennessee businesses that have five or more employees. It also protects sole proprietors from work injury costs that health insurance might deny.
This policy is required for business-owned vehicles in Tennessee. It covers injuries and property damage in an accident, along with vehicle theft, vandalism, and weather damage.
State laws affect which business insurance coverage you need. These policies are required everywhere in Tennessee, from Knoxville to Chattanooga.
The state of Tennessee requires businesses with five or more employees, full-time or part-time, to carry workers’ compensation insurance. Corporate officers are included in this headcount, even if they are ultimately excluded from coverage in your policy. Every business in the construction or coal mining industry must carry workers' compensation insurance, regardless of the number of employees.
Workers' comp covers medical costs for work-related injuries and illnesses, and provides disability benefits to injured Tennessee workers. It also protects employers from liability in the event of a workplace injury.
Tennessee's minimum requirements for auto liability insurance are:
Trucking companies may need additional coverage to comply with regulations.
Though it's not required, personal vehicles driven for work purposes should be covered by hired and non-owned auto insurance (HNOA), as personal auto policies usually exclude business use. It can be added to commercial general liability insurance or a business owner's policy (BOP).
Insureon's licensed agents can help you find policies that fulfill Tennessee's requirements and your business insurance needs. Once you've purchased insurance with us, you can download a certificate of insurance by logging into your account.
In Tennessee, insurance agencies, agents, and brokers are licensed by the Department of Commerce & Insurance. Insureon is licensed in Tennessee as BIN Insurance Holdings LLC (NPN 15752926) for property and casualty insurance (license number 2008453). Verify our licensure with the National Association of Insurance Commissioners: select Tennessee, licensee, business entity, and then enter our NPN or license number.