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Tennessee Workers' Compensation Insurance
Protect your business and employees with Tennessee workers' comp
Tennessee workers' compensation insurance delivers medical care and financial relief to people who get injured on the job. From Nashville's vibrant music scene to Memphis's iconic landmarks, this coverage helps businesses meet legal requirements and protect their employees.
Start your free quote or talk to an agent to learn more about workers' comp in Tennessee.
Who needs workers' compensation insurance in Tennessee?
According to Tennessee workers' compensation rules and regulations, employers with five or more employees usually need coverage. Businesses in the construction or mining industries with at least one employee should also carry insurance.
Tennessee workers' comp requirements apply to family members, full-time and part-time employees, and corporate officers.
Tennessee workers' compensation insurance exemptions
Many businesses need coverage, but there are some workers' comp exemptions in Tennessee. These include:
- State and local governments
- Farm laborers
- Domestic workers
- Sole proprietors, partners, and members of LLCs
Even if you think you're exempt, it’s a good idea to check your licenses and contracts or speak to a Progressive Commercial agent to see if you need coverage.
What are the penalties for not having workers' comp in Tennessee?
Tennessee businesses without workers' comp coverage can be fined $10,000 and may have to pay a 25% fee to injured employees for unpaid disability benefits.
For additional information, you can review the penalties for not having workers' comp in Tennessee.
How much does workers' comp cost in Tennessee
Tennessee workers' compensation rates are based on things like:
- Job classification code: Workers' comp class codes rank jobs by risk level to help insurers determine costs.
- Payroll: Premiums are based on every $100 of payroll, which means larger companies will pay a higher rate.
- Claims history: More claims can lead to increased prices since insurers raise costs to cover losses.
- Insurance carrier: Tennessee workers' comp rates vary by insurer since each uses different methods to set premiums. Get a quote to learn how much you'll pay.
How can you get workers' comp in Tennessee?
In Tennessee, there are a few ways to secure workers' compensation insurance:
- Private insurers: Businesses often choose private insurers since they offer customized policies and potential discounts.
- Self-insurance: Employers can apply for self-insurance through the Department of Commerce and Insurance. This option may lower costs, but the company will need to handle financial risk themselves.
- Assigned risk pool: For companies that can't find coverage through private insurers or self-insurance, policies are available through the National Council on Compensation Insurance.
Review these options to choose the right Tennessee workers' comp coverage for your company. If you have any questions, you can start an online quote or call a Progressive Commercial specialist.
How does workers' comp work in Tennessee?
Workers' compensation helps people recover from work-related injuries or illnesses. Once an incident is reported, the employee or employer can file a claim. If it's approved, the employee will start receiving Tennessee workers' compensation benefits, such as:
- Medical expenses
- Disability benefits
- Lost wages
- Rehabilitation costs
This insurance also supports businesses by minimizing the chance of lawsuits. Employees who accept a Tennessee workers' compensation settlement usually can't sue. If they do, this coverage pays for expenses.
Tennessee workers' compensation death benefits
Tennessee workers' comp death benefits support families of deceased employees. Dependents can receive:
- A lump-sum payment of $10,000 for funeral expenses
- Payments equal to 66.67% of the average weekly wage
If the employee has no dependents, $20,000 is added to their estate.
Tennessee workers' compensation statute of limitations
Tennessee workers' compensation laws require employees to file a claim within one year from the latest of these dates: the injury date, the last disability payment, or the last medical benefit received.
Tell your team to report accidents promptly to ensure they meet the Tennessee statute of limitations.
Why choose Progressive Commercial for Tennessee workers' comp
Progressive Commercial protects businesses with personalized insurance plans that align with their goals.
We're here to support your growth and help you succeed. Connect with an agent or start your online quote today.
