Small business insurance in Tennessee
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Get Tennessee small business insurance.
biBERK is trusted by many companies for Tennessee business insurance. We offer flexible policies to protect you from the many types of risk Tennessee businesses face. Learn about essential coverages below.
Tennessee Workers' Compensation insurance
Workers’ comp insurance in Tennessee helps protect your business if an employee gets sick, hurt, or dies due to an incident on the job. It can cover medical costs, legal fees, and lost wages related to the injury. We offer Tennessee workers’ comp insurance tailored to suit your business.
Workers' Compensationchevron_rightTennessee General Liability insurance
Also known as commercial liability insurance, Tennessee general liability insurance is essential. It covers damages and legal costs associated with injuries to customers and other people who don’t work for you (like from slip-and-fall accidents at your business location), medical costs associated with these incidents, and damage to other people's property your business caused. It also covers libel, slander, and copyright infringement. Plus, there are endorsements you can add to customize your general liability insurance in Tennessee, including cyber, hired and non-owned auto liability, employment-related practices liability, and employee benefits liability.
General Liabilitychevron_rightTennessee Business Owners Policy (BOP)
Also called property & liability insurance, a business owners policy (BOP) is a type of small business insurance in Tennessee that combines general liability insurance (for things like non-employee injuries and customer property damage) with coverage for your company’s property. You'll get protection for the building you own, space you lease, and any property needed to run your business, while also receiving coverage for things like business interruption. This can replace lost income, as well as cover other costs associated with getting your business back up and running after property damage, like renting a temporary location. You can also tailor your BOP with add-ons including cyber, hired and non-owned auto liability, employment-related practices liability, and employee benefits liability.
Business Owners Policychevron_rightTennessee Professional Liability insurance
Also known as errors and omissions (E&O) insurance, this Tennessee liability insurance could protect you from the cost of damages and legal fees if someone says your professional service hurt their business financially. Coverage includes both mistakes (errors) and the failure to perform services (omissions). Let’s say you own a software company and an error you make in developing a custom program for a client causes them financial damage. If they sue you, you may be protected by your professional liability policy. You should consider errors and omissions insurance in Tennessee if your business provides professional advice, offers a professional service, or has contractual requirements for the coverage.
Professional Liabilitychevron_rightTennessee Commercial Auto insurance
If your company owns or leases vehicles, this Tennessee small business insurance protects your organization. It can cover your legal fees and the medical costs of others if your employee is at fault in an accident. It can cover the cost of damages even if the vehicle is used for personal activities outside of its primary business use.
Commercial Autochevron_rightTennessee Cyber insurance
You can buy this type of small business insurance in Tennessee as an add-on to a BOP, general liability, or professional liability policy. It helps cover costs related to system hacks or data security breaches where someone steals sensitive information like credit card data and uses it to commit fraud or it’s reasonable to think they will.
Cyber Insurancechevron_rightTennessee Umbrella insurance
When you buy liability insurance in Tennessee, every policy has a maximum value that it will cover in the event of an incident. Umbrella insurance adds another layer of protection, covering costs that exceed the limit of another biBerk liability policy, subject to its own limit. Without it, you might be responsible for anything over your policy limit. Business liability suits can easily exceed the actual value of many small businesses, so we highly recommend an umbrella policy to protect your company.
Umbrella Insurancechevron_rightWe cover all kinds of professionals and businesses in Tennessee, including:
- Accountants
- Architecture and engineering firms
- Auditors
- Auto parts shops
- Barber shops and beauty parlors
- Bars, lounges, and nightclubs
- Bathroom remodeling companies
- Building electrician services
- Bus companies
- Cabinet and trim installers
- Carpentry services
- Concrete driveway companies
- Conduit construction companies
- Contractor building operations
- In-home nannies or au pairs
- Drug stores
- Electrical apparatus manufacturers
- Floor and carpet installers
- Garbage collection services
- Heating and air companies
- Iron frame and steel frame companies
- Landscaping and gardening services
- Laundry services
- Lumberyard operations
- Masonry services
- Painters and wallpaper installers
- Park operations
- Plumbing services
- Restaurants
- Retail stores
- Sales and collection services
- Security system companies
- Swimming pool construction companies
- Telephone companies
- Tree pruning and tree spraying services
- Trucking companies
- Welding and metal cutting companies
Why choose biBerk for small business insurance in Tennessee?
We’re the experts when it comes to TN business insurance.
Save time.
Get a quote entirely online or speak with one of our insurance experts right away for help getting a quote, buying a policy, or answering any questions you may have.
Save money.
We insure your small business directly, without a middleman or insurance broker, so we pass that savings on to you—up to 20% less than policies with other insurance companies.
Experienced.
We're part of Warren Buffett's Berkshire Hathaway Insurance Group with millions of satisfied customers, more than 75 years of insurance experience, and $52.2 billion in paid claims in 2023.
Why is biBerk better for small business?
We’re often less expensive and easier to do business with than other insurance companies. That’s better for you in many ways. We’re also part of the Berkshire Hathaway Insurance Group, the nation’s largest insurance company in terms of assets. You may know Berkshire Hathaway as the company started by Warren Buffett. Mr. Buffett began as a small business owner, and he’s dedicated to providing small businesses with services that can help them grow.
Tennessee small business insurance—wherever you are!
Since we’re an online insurance provider, you can connect with us easily, wherever you are, to get:
- Business insurance in Nashville, TN
- Business insurance in Chattanooga, TN
- Business insurance in Knoxville, TN
- Business insurance in Memphis, TN
- Business insurance in Clarksville, TN
- Business insurance in Murfreesboro, TN
- Or anywhere in Tennessee!
Who relies on biBerk for Tennessee small business insurance?
We work with business owners of all kinds in Tennessee.
New business owners
People starting their first businesses look to us for simplified, straightforward insurance guidance. We give them insights on coverage requirements that might apply to them and policies they should consider even if they aren’t required. Entrepreneurs also tend to need solid coverage at affordable rates, which is exactly what biBerk offers. Ultimately, we provide financial protection and peace of mind.
Contractors and freelancers
People who work independently appreciate that we can provide insurance solutions tailored to their needs. It's reassuring to them to have liability protection specific to the type of work they do along with other crucial coverages. And they know that biBerk can offer policies at up to 20% less than other providers, which is great for micro-businesses with tight budgets.
Established small business owners
Experienced business owners work with biBerk for many reasons, including that we’re here for them when they need policy reviews that can prevent coverage gaps. They also know that we can help them understand advanced coverage options to meet their unique needs and industry-specific risks. And like all owners, they want great coverage at competitive rates.
What coverage is required for Tennessee small businesses?
Workers' Compensation
In Tennessee, every business with five or more employees is required to carry workers’ compensation insurance. For construction and mining companies, workers’ comp is required even if a company only has one employee. If you’re required to carry workers’ comp insurance in Tennessee and you’re caught doing business without a policy, you can receive substantial fines and criminal penalties.
Special considerations for Tennessee
Many locations in Tennessee have significant risks of damage from wildfires. In 2016, more than 2,000 commercial properties were affected by wildfires in the Great Smoky Mountains. A property and liability policy would have covered those damages. If there is a potential for wildfires in your area, we strongly recommend a BOP.
Other policy requirements
While the law may not state it, there’s a good chance you need to carry other business insurance policies in addition to workers’ comp. Many contracts require a general liability policy and/or a professional liability policy, for instance. Even if your customers, clients, or partners don’t require you to carry specific policies, it’s recommended that you carry policies to cover any part of your business that could be at risk. Financially protecting your Tennessee company is one of the smartest business decisions you can make.
What does business insurance cost in Tennessee?
Your cost for business insurance in Tennessee will depend on a number of factors, including your industry, number of employees, and payroll. Your claims history will also affect your policy cost. Companies with fewer claims typically pay lower premiums. You can check your cost for small business insurance in Tennessee with instant online quotes.
Frequently asked questions about Tennessee small business insurance
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What types of Tennessee small business insurance tend to be recommended or required?
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Small businesses often need general liability insurance in Tennessee. You may be required to carry workers' compensation (if you have five or more employees) and commercial auto insurance (if you lease or own vehicles for business purposes). Additional coverage may be required based on the business type.
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How much does small business insurance typically cost in Tennessee?
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The cost of small business insurance in Tennessee varies depending on coverage types and business specifics.
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Are there any industry-specific insurance requirements in Tennessee?
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Some industries have specific requirements, such as liquor liability for businesses that serve alcohol and general liability for contractors. You can check with state and local authorities to get specifics on any mandatory coverages for businesses like yours.
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How do I determine the right coverage amounts for my small business in Tennessee?
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First, assess your business risks, size, and industry needs. Then, if you have questions about coverage amounts, contact one of our helpful licensed insurance experts.
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What is the typical process for filing an insurance claim in Tennessee?
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If an incident occurs, notify your insurer, provide necessary documentation, and work with the adjuster to assess and manage the claim.
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How quickly can I expect my insurance claims to be processed and resolved in Tennessee?
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Claim processing times vary. Simple claims may be resolved in a few weeks, while more complex cases could take longer.
Tennessee small business insurance in three simple steps
Get a quote.
Fill out a form online or give us a call to tell us about your company. You’ll have a quote in as little as five minutes.
Buy a policy.
Complete your purchase and make payments online or over the phone. You can pay your premium all at once or in monthly installments.
Get a certificate.
Download an instant Certificate of Liability Insurance immediately after purchasing a policy.
Get a quote today.
Trust biBerk for small business insurance in Tennessee and save up to 20%.