Commercial Insurance in Tennessee

Are you looking for commercial insurance? You have come to the right place because here at Anthony Lancaster Insurance, Inc, we can help you choose the best policy to help protect your business. Our agency is located in Memphis, TN. We understand the importance of protecting your business and employees. Businesses can experience a significant financial loss that can put their business in jeopardy without the necessary protection.

Commercial Insurance Laws Tennessee

Tennessee does not have to obtain commercial insurance. However, all businesses must make sure that they carry worker's compensation insurance if they have part-time or full-time employees. This policy will work to protect employers from lawsuits as a result of any injuries. It will also cover the costs of medical bills related to work injuries.

Businesses must also possess commercial auto insurance if there are any business-owned vehicles. Vehicles must have at least:

• $25,000 for bodily injury liability for each person and $50,000 for each accident
• Death liability-$50,000 for each person and $100,000 for each accident
• Property damage- $10,000 for each accident
• Personal injury protection-At least $50,000
• Uninsured motorist- $25,000 for each person and $50,000 for each accident

Commercial Insurance Coverage

These are the recommended insurance policies for small businesses in the state of Tennessee:

• General liability- This coverage will help protect some of the most common risks such as injuries and property damage. There are many commercial leases that will require businesses to obtain this coverage.
• Professional liability- This policy will make sure professionals are protected and will cover lawsuits as a result of missed deadlines or even mistakes.
• Cyber liability- This policy works by keeping businesses protected against data breaches as well as cyber attacks.
• Business owner’s policy- This policy combines both general liability and property insurance in one plan. It is known as a very cost-effective option for commercial businesses.

Quotes

Contact us today by giving us a call or visiting our Anthony Lancaster Insurance, Inc website today for a quote to get your business protected today. We are located in Memphis, TN.