Business insurance is designed to cover your company against losses caused by hazards like severe weather, fires, theft, and liability lawsuits. In Tennessee, business insurance is not required by law, but some aspects of it may be. If you have at least five employees or are in the construction or coal mining field, you will be required to have workers’ compensation insurance. If you have business-owned vehicles, you will need commercial auto insurance.
You can expect the cost of business insurance to vary significantly from one company to the next. Your rates will be influenced by factors such as your business's annual revenue, the value of your commercial assets, your liability risks, and the number of people you employ. There are several different insurance types and options that you can choose from as you customize your commercial coverage. A local independent agent can help you find the best price for the coverage you need while making sure that you are not wasting money on coverage that is not appropriate for your particular business.
We needed to find someone who would cover our business insurance, and TrustedChoice.com was one of the first sites to show up on Google. Their website was simple and easy to use, and they had better rates than our previous insurance. They were able to help us get what we needed, and the process was easy.Dane of Antioch, TN Consumer Affairs
Because every business is different, commercial insurance providers allow business owners to customize their business insurance coverage. An independent insurance agent can work with you to ensure that you understand your various coverage options and that your policy does not leave you exposed by any unintentional coverage gaps. A typical business insurance policy in Tennessee will include the following:
Be aware that flood damage is rarely covered by business insurance. If your business is located in a flood zone or is otherwise at risk for damage caused by flash flooding, your independent insurance agent can also help you secure a commercial flood insurance policy through the National Flood Insurance Program (NFIP). Talk to your local agent to learn more.
There are currently 366 independent insurance agents in Tennessee available to help you build a solid business insurance portfolio. These agents can save you time and money by helping you find competitively priced coverage that is custom-built to meet the specific coverage needs of your Tennessee business. Contact an insurance agent near you to get more information and to start comparing commercial insurance quotes from some of these highly rated companies.