Many insurance policies will be necessary when you run a company. To ensure that you're obtaining all the protection your business needs, consider using a trained professional. Your Tennessee business insurance will start with a general liability policy.

Fortunately, a Tennessee independent insurance agent can help with coverage and premium options. They know how to find insurance that won't break the bank. Connect with a local expert for tailored quotes. 

What Is Liability Insurance Coverage?

The assets and risks you are protecting will determine how much general liability insurance your Tennessee business needs. In essence, all liability policies will have the same foundational coverages:

• Liability insurance: Will pay for a lawsuit arising out of bodily injury, property damage, or slander. It can be obtained for business and personal use. 

What Is Tennessee Commercial General Liability Insurance?

General liability insurance in Tennessee is necessary for every business owner. It is also the primary policy from which all your other coverages stem. Some losses where it could apply are:

• A customer slips and falls on the premises
• A building catches on fire
• A product is improperly installed, causing a water loss

General liability coverage is one of the most purchased types of insurance on the market. To show just how much general liability insurance is used, take a look at the amounts of premiums written in the US

Value of general liability insurance premiums written in the US (in billion US dollars)

The best way to know where your business falls in that amount is to obtain quotes. A professional can help with exact pricing. 

What Is Tennessee Professional Liability Insurance?

A Tennessee professional liability policy will pay for lawsuits arising from incorrect or negligent advice or consulting. This type of liability insurance is used in professions with an advisory role, such as a financial consultants. Some industries where professional liability applies in Tennessee are as follows:

• Accountants
• Lawyers
• Real Estate Agents
• Insurance Agents
• Financial Advisers
• Business brokers

What Is Tennessee Employment Practices Liability Insurance Coverage?

If your Tennessee business uses employees, you'll need specific policies in place. Similar to workers' compensation insurance, employment practices liability coverage is an essential policy. Check out what it covers:

• Employment practices liability insurance or EPLI: Pays for a lawsuit filed by a disgruntled employee due to discrimination or sexual harassment in some form. 

What Is Liability Coverage on Your Tennessee Home Insurance Policy?

Your Tennessee homeowners policy will help protect you from claims of bodily injury, property damage, and slander. This is applicable to you and any members of your household. Take a look at some instances where this coverage could apply:

• A guest or trespasser injures themselves on your property.
• Your tree falls and damages your neighbor's roof.
• You have a pool party, and a guest drowns.

When it comes to your home insurance, liability coverage makes up the second-largest written policy type. Take a peek at the numbers below:

Insurance premiums by coverage in the US

There are differences between every line of business insurance you obtain. It's essential to understand how your coverages work together. 

What's the Difference between Full Coverage and Liability Insurance in Tennessee?

Full coverage insurance is different from liability-only policies. These refer to personal or commercial auto insurance, and one is mandatory in most states while the other is optional. Take a look at the difference:

• Liability-only insurance: This is just liability coverage at the amount preselected for your auto policy. It will pay for bodily injury per person, per accident, and property damage of another party. 
• Full coverage insurance: This will include additional coverages that protect you on the road. You can select optional coverages like comprehensive, collision, towing, and more.

How a Tennessee Independent Agent Can Help

Consider using a trusted adviser if you're searching for a Tennessee general liability policy that fits your needs. There are many types of liability insurance to choose from, and it can be confusing. To ensure that you don't miss any important coverages, review your policies for accuracy.

Fortunately, a Tennessee independent insurance agent will have access to several carriers so that you have options. They do the shopping for you and find coverage at an affordable price. Connect with a local expert on TrustedChoice easily and for free.