When you run an operation, you'll have to account for all that could go wrong. Several policies can help you have proper coverage so that you're fully insured. Tennessee business insurance can protect your convenience store from all the what-ifs. 

A Tennessee independent insurance agent will have access to multiple markets so that you're getting the best options. Since they do the shopping for free, you'll save money on coverage. Connect with a local expert for custom quotes today.

What Is Convenience Store Insurance in Tennessee?

Your Tennessee convenience store insurance will have several options. Some policies come standard for any business. Check out some common coverage choices for convenience stores:

• General liability
• Business property
• Business inventory
• Commercial umbrella liability
• Workers' compensation
• Employment practices liability

Sales of the convenience store industry from 2011 to 2019. by format (in billion US dollars)

There are many convenience stores in the United States, making it a growing business. It's essential to know how to insure your operation so that you're well protected.

What Does Convenience Store Insurance Cover in Tennessee?

Tennessee has 603,310 small businesses currently in existence. Every operation will have basic policy coverages that most companies obtain for protection. Let's look at common convenience store coverages:

• Coverage for claims of bodily injury or property damage
• Coverage for your business inventory such as merchandise
• 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 convenience store insurance will typically have these perils covered automatically:

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

How Much Does Convenience Store Insurance Cost in Tennessee?

All convenience store insurance premiums will vary by services and exposures. In Tennessee, $6,317,565,000 in commercial insurance claims were paid in 2019 alone. Take a look at the factors companies use when quoting:

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

How Much Merchandise Is Covered under Tennessee Convenience Store Insurance?

Tennessee business insurance will have coverage for your merchandise under your commercial property policy. Inventory coverage can be endorsed to have product-specific insurance. Common perils like theft, vandalism and damage are covered. 

Reported property crime rate in the US from 1990 to 2019 (per 100,000 population)

When you're a convenience store owner in Tennessee, you'll have property that needs insuring. From merchandise to the structure itself, commercial property insurance can help. 

Will My Tennessee Convenience Store Location Impact My Rates?

Where your convenience store is located does affect your insurance premiums. In Tennessee, carriers look at crime rates, local weather patterns, and flooding. Insurance companies account for the most reported natural disasters in your area as well as high-risk flood zones. The safety of your location will determine how much you pay for your insurance coverage. To see how your territory directly impacts your premiums, consult with an adviser. 

How an Independent Insurance Agent Can Help in Tennessee

When you're searching for the right protection for your business, there are many options out there. In order to obtain proper coverage, you'll want to review your policies with a licensed professional. Your Tennessee convenience store insurance can be challenging if you're going it alone. 

Fortunately, a Tennessee independent insurance agent can help with policy and premium options that are affordable. They work hard to find you coverage that fits your needs and budget, all for free. Connect with a local expert on TrustedChoice and start saving today.