Tennessee Business Insurance
Customized protection for your Tennessee business
As a Tennessee small business owner, you should consider several types of business insurance for financial and legal reasons. Customer slips and falls, commercial property damage and employee illness are just a few of the many incidents that can result in lawsuits and expensive recovery costs.
In 2018, Tennessee reported 72,900 non-fatal workplace injuries with over 83% of them from private sector businesses, according to the Bureau of Labor Statistics. Employees missing work, even for a short amount of time, can cause your business operations to suffer and threaten your cashflow.
Shop for business insurance through the Progressive Advantage® Business Program. We can help you customize a Tennessee business insurance policy that fits your unique needs.
Types of TN business insurance
How much does business insurance cost in Tennessee?
The cost of business insurance in Tennessee depends on a variety of rating factors, including a business’s location, size and coverage needs. For example, a business located in Nashville can expect a different rate than one in Chattanooga, or a business that has employees might pay more than one that doesn’t.
The most influential factor, however, is your profession. Each industry is exposed to unique risks, which causes their rates to differ. High-risk professions, like roofing contractors and tree trimmers, usually need a specialized coverage called excess and surplus that is typically more expensive.
Learn more about the factors that influence your cost, or get a free online quote to find out your rate.
Tennessee business insurance requirements
Tennessee requires most businesses to carry workers’ compensation if they have five or more employees. However, employers in the construction and coal mining industries must get coverage if they have at least one employee.
Other business insurance coverages, like professional liability and general liability, aren’t required by Tennessee law, but you probably should have some coverage to protect against unexpected accidents. It’s common for a prospective client to require these coverages as part of a business contract.
Resources for Tennessee small business owners:
Tennessee professions we insure
We help small business owners from a wide variety of industries, including these common professions:
Browse more examples of professions we insure.
Why choose Progressive?
Business insurance for all Tennessee cities
We can customize business insurance in all Tennessee cities, including, but not limited to: