If you own a business, you'll be responsible for numerous risk exposures. Adequate protection for your operation can be found through a trusted adviser. Tennessee business insurance can provide coverage for your catering company.

A Tennessee independent insurance agent will have access to several markets at once so that you can save time. With their network of carriers, you'll have options on coverage and price. Connect with a local expert for custom quotes to get started.

What Is Catering Company Insurance?

In Tennessee, insurance for your catering company can be challenging to obtain when you're unsure what you need. There are specific policies that may be more necessary than others, depending on your operations. Check out some common coverage choices for catering companies below:

• General liability
• Business property
• Business inventory
• Business equipment breakdown
• Commercial umbrella liability
• Business auto

Catering industry market size in the US (in billion US dollars)

If you know what you're up against, it's easier to set yourself apart from the crowd. Catering companies will be insured to their unique specifications.

What Does Catering Company Insurance Cover in Tennessee?

In Tennessee, there are 603,310 small businesses in existence. Each catering company will have coverages tailored to their exposures. Let's look at standard catering company insurance options:

• Coverage for claims of bodily injury or property damage
• Coverage for your business inventory such as products
• Coverage for business equipment that breaks down due to a covered loss
• Coverage for employees who are injured or become ill on the job
• Coverage for commercial vehicles used to operate the business
• Coverage for disgruntled employees that sue due to discrimination or harassment

Tennessee catering company insurance usually comes with protection against these perils automatically:

• Fire
• Natural disasters
• Theft
• Vandalism
• Water damage (not from a direct flood loss)

How Much Is Catering Company Insurance in Tennessee?

In Tennessee, $6,317,565,000 in commercial insurance claims were paid in 2019 alone. The cost of your coverage will be based on your company's risk factors. Take a look at the items carriers use when quoting:

• Loss history
• Replacement cost values
• Insurance score
• Experience level
• Local crime rate
• Local weather patterns

Retail and food service sales in the US (in trillion US dollars)

The gross annual income of your catering company's sales will have an impact on your insurance costs as well. To get exact pricing, connect with a local adviser.

How Much Product Is Covered with Tennessee Catering Company Insurance?

Your Tennessee catering company will need coverage for all food, equipment, and any products or inventory. Liability, food spoilage, and inventory protection will be necessary to avoid a lawsuit. In most cases, insurance can be added to your existing policy to account for these risks.

Insurance packages and business owners policies will include some commercial property coverage. You'll have to add food spoilage and inventory limits for complete protection. Review your coverage for accuracy and sufficiency.

Will My Tennessee Location Impact My Rates?

Tennessee has 6,541,223 residents that call this state home. The more people in your area, the more you can serve with your business. The location of your operation will have an impact on your insurance costs.

Carriers take into account the local crime rate, flood zone, and weather patterns of each location. For catering companies, their site may be mobile, and in this case, a radius is used to determine pricing.

How an Independent Insurance Agent Can Help in Tennessee

If you're looking for business insurance in Tennessee, speaking with a trained professional can help. You will have multiple policy options to choose from, and it can be difficult to know what applies to your operation. Catering company insurance can be obtained through a licensed adviser.

A Tennessee independent insurance agent will have access to a network of carriers so that you can save. They do the shopping at no additional cost, saving you time. Connect with a local expert on TrustedChoice in minutes to get started.