What Can General Liability Do for My Business in Tennessee?

Once an insurance company (insurer) has issued a General Liability Insurance Policy for your Tennessee business, the insurer has agreed to pay all costs for a covered liability claim against your company.  This claim or lawsuit might be based on an action by your Tennessee business and, in some cases, it might be based on an action you did not take.

How Much Will General Liability Pay in Tennessee?

The answer to this question is kind of a "depends on" answer.  Each General Liability Policy has a stated maximum amount it will pay in a policy period, usually one year.  The decision as to the maximum dollar amount of coverage is usually made by you and your business insurance agent.

How Much General Liability Do I Need?

There are certain factors wich will affect the amount of liability coverage you should buy:

• There are certain areas where the courts have a reputation of awarding very large settlements in general liability claims.
• Some general contractors require a certain dollar amount of General Liability insurance before they will allow your Tennessee business to work on their property.
• Another factor would be the degree of liability associated with your type business in Tennessee.  For example, a business which transports people would probably have a higher degree of liability exposure that a business which delivers packages.

How Can I Buy General Liability Insurance in Tennessee?