Why does my policy have more than one deductible?

A policy commonly carries a flat deductible for most claims and a separate percentage-based wind and hail deductible in storm-exposed states like Georgia.

Does my own insurance cover me when I stay in an Airbnb or VRBO?

The host's short-term rental policy protects the host, not you. As an Airbnb or VRBO guest, your own homeowners or renters insurance usually covers your belongings and personal liability away from home, within policy limits, while travel insurance covers trip-specific risks neither the host nor your home policy will.

Does homeowners insurance cover flood damage?

No. Standard homeowners policies exclude all flood damage regardless of cause.

What does uninsured motorist coverage do?

If you are hit by a driver with no insurance or not enough insurance, uninsured and underinsured motorist coverage pays your medical bills.

When do we use Selective for flood coverage versus NFIP?

Selective private flood wins for Zone X and moderate AE properties where it beats NFIP on price and offers higher limits with ALE coverage.

What Insurance Is a Tennessee Business Required to Have?

Availability note: Olive Cover is the brand of Olive Insurance Services, LLC, an independent property and casualty insurance agency licensed in Georgia and Alabama. We are not licensed in all states. Nothing on this page is an offer to sell, or a solicitation to buy, insurance in any state where we are not licensed. It is general education only, not insurance advice.

All FAQs

Quick answer: The two coverages Tennessee law most commonly requires of a business are workers' compensation, mandatory at five or more employees or just one in construction, and commercial auto liability for vehicles used in the business, the same 25/50/25 minimum as personal auto.

The two coverages Tennessee law most commonly requires of a business are workers' compensation, mandatory at five or more employees or just one in construction, and commercial auto liability for vehicles used in the business (the same 25/50/25 minimum as personal auto). General liability, property, and professional liability are usually not required by state law, but are frequently required by a lease, a client contract, or a lender.

The distinction that trips people up: "required by law" and "required to operate" are different. The law sets a floor (workers' comp, auto); the market sets the rest - a commercial lease often requires general liability, a client contract may require professional liability limits, and a licensing board may require a bond. Example: a two-person Nashville marketing firm is not legally required to carry general liability, but its office lease and its biggest client's contract both are, so in practice it needs it. For the workers'-comp threshold specifically, see how many employees require workers' comp in Tennessee.