Professional Services Insurance in Tennessee

Business types with their own guide

• Accountant Insurance Errors on tax returns or financial statements, and more. Read the accountant insurance guide.
• Consultant Insurance Claims that advice caused losses, and more. Read the consultant insurance guide.
• IT Consultant Insurance Software errors or outages, and more. Read the it consultant insurance guide.
• Financial Advisor Insurance Claims of unsuitable advice, and more. Read the financial advisor insurance guide.
• Attorney and Legal Services Insurance Malpractice claims, and more. Read the attorney and legal services insurance guide.
• Notary and Notary Signing Agent Insurance Errors in notarizing documents, and more. Read the notary and notary signing agent insurance guide.
• Architect and Engineer Insurance Design errors, and more. Read the architect and engineer insurance guide.
• Staffing Agency Insurance Injuries to placed workers, and more. Read the staffing agency insurance guide.
• Land Surveyor Insurance Survey errors, and more. Read the land surveyor insurance guide.

More professional services businesses

These business types share many of the same risks. Each has a short overview below.

Actuarial services

Actuaries’ calculations drive big financial decisions, so professional liability is central. Cyber coverage for client data is also common.

Loan officers and business financing

Financing professionals handle sensitive data and money movement. Professional liability, cyber, and crime coverage for wire fraud are the main topics.

Translators and interpreters

A translation error in a contract or medical document can be costly. Professional liability is the core coverage, plus cyber if you handle confidential documents.

Safety consultants

Safety and occupational health consultants advise on workplace hazards. Professional liability for advice and general liability for site visits are the usual pair.

Training and development specialists

Corporate trainers and coaches can face claims over advice or programs. Professional liability and general liability for in-person sessions are common.

Product designers

Designers whose drawings become manufactured products can face professional and product-related claims. Ask how design work is treated on professional and products liability.

Art consultants

Art consultants advise on purchases and may handle valuable pieces. Professional liability and coverage for art in your care are the key items.

Virtual assistants and administrative support

Virtual assistants handle clients’ email, calendars, and sometimes payments. Professional liability and cyber coverage are the core.

Call centers

Call centers handle large volumes of customer data and employees. Cyber, employment practices liability, and workers’ comp are central.

Independent claims adjusters

Independent adjusters inspect damage and write estimates, often after storms. Professional liability, hired and non-owned auto, and general liability for site visits are common.

Education consultants

Education consultants advise families or schools on admissions, curriculum, or learning plans. Professional liability is the core coverage.

Travel agencies

Travel advisors book trips that can go wrong. Professional liability for booking errors and cyber coverage for customer data are central.

Coverages common in professional services

• Professional liability (E&O) Covers claims that your advice, design, or professional service caused a client a financial loss.
• Cyber liability Helps respond to data breaches, ransomware, and payment fraud, including notifying customers.
• Business owner’s policy (BOP) Bundles general liability with coverage for your business property, and often business income, for many smaller businesses.
• General liability Helps if your business is blamed for injuring someone or damaging their property, and usually pays for a legal defense.
• Hired and non-owned auto Liability for when you or employees drive personal or rented cars on business errands.
• Crime and employee dishonesty Covers theft of money or property by employees, and in some forms, fraud by outsiders.

All coverage is subject to underwriting and policy terms. Not every business needs every coverage.

Tennessee rules to know

Workers’ comp. Most Tennessee employers outside construction and coal mining must carry workers’ compensation once they have five or more employees, full- or part-time, per the Tennessee Department of Labor and Workforce Development. Even below that number, many owners choose to carry it.

We can review your requirements and help you shop workers’ compensation and other coverages, subject to underwriting.

Certificates of insurance

Landlords, clients, venues, and general contractors often ask for a certificate of insurance before you start. If they want to be an additional insured, the policy usually needs an endorsement. Our certificate of insurance checklist explains what to check.

Related guides

• All business types
• Business insurance in Middle Tennessee
• General liability insurance
• Small business insurance checklist (PDF)
• Starting a business in Tennessee
• General liability vs. professional liability