It can be exciting and stressful when your run an operation. There are multiple moving parts that make owning a business thrilling and frightening at the same time. Tennessee commercial insurance will have protection for all your software company exposures.

A Tennessee independent insurance agent works with several markets at once, saving you time. What's nice is they'll even do the shopping for free. Connect with a local expert to start saving in minutes. 

What Is Software Company Insurance?

In Tennessee, business insurance comes in several forms. Check out some common coverage choices for software companies that should be considered:

• General liability: Pays for a bodily injury or property damage lawsuit against your business. 
• Business property: Pays for the replacement or repair of your property and business belongings.
• Business inventory: Pays for the replacement or repair of your business inventory.
• Commercial umbrella liability: Pays for a more significant liability claim after exhausting your underlying liability policies.
• Workers' compensation: Pays for the medical expenses and lost wages of an employee who gets injured or becomes ill employee.
• Employment practices liability: Pays for an employee-related discrimination lawsuit against your business.

Estimated expenses of US software publishers (in billion US dollars)

Software in this day and age is inevitable. Protection for a company that produces software or manages it in some way is necessary to avoid financial ruin. 

What Does Software Insurance Cover in Tennessee?

Tennessee has 603,310 small businesses currently in operation. Your commercial insurance policies will have multiple options, but there are basic coverages every company will obtain. Check out standard protection for your software company below:

• Coverage for claims of bodily injury or property damage
• Coverage for your cyber liability exposures when handling client or employee data
• 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

Fire, theft, vandalism, severe weather, and some flooding can be insured as well under your property policies. The limits of coverage depend on your company's specifics.

How Much Does Software Company Insurance Cost in Tennessee?

Software company insurance costs will be tailored to your unique business exposures. In Tennessee, $6,317,565,000 in commercial insurance claims were paid one year alone. Take a look at the factors companies consider when quoting:

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

Benefits of Software Company Insurance in Tennessee

In Tennessee, the proper coverage for your software company can mean the difference between you paying for a loss and the carrier paying it. You'll want coverage for your operations, location, property, and cyber risk.  

Reported property crime rate in the US

Any business will need protection from the elements and risks in the area. It's beneficial to have limits that insure every risk factor against all losses so that you avoid bankruptcy and protect your company from a serious lawsuit. The right coverage can keep your software company in operation.

How an Independent Insurance Agent Can Help in Tennessee

When you're searching for the perfect policies to protect your business, consider using a trained professional. There are numerous options for your coverage, and it can be confusing to know what's best. Instead of going it alone, consult with an expert for free. 

A Tennessee independent insurance agent can help with policy and premium options that your software company can afford. They'll work extra hard to find coverage that suits your needs at no additional cost. Connect with a local adviser on trustedchoice.com for custom quotes in minutes.