Rules & Regulations of the State of Tennessee
Title 0680 - Board for Licensing Contractors
Chapter 0680-06 - General Liability Insurance
Section 0680-06-.02 - AMOUNT OF INSURANCE
Universal Citation: TN Comp Rules and Regs 0680-06-.02
Current through September 24, 2024
(1) Board licensees and applicants shall maintain general liability insurance as follows:
(a) In the case of all home improvement
contractor applicants or licensees, or if a general contractor applicant's or a
licensee's monetary limit is between the amounts of zero dollars ($0) and five
hundred thousand dollars ($500,000), then the applicant or licensee shall
obtain a general liability insurance policy in an amount not less than one
hundred thousand dollars ($100,000).
(b) If an applicant's or a licensee's
monetary limit is between the amounts of five hundred thousand one dollar
($500,001) and one million five hundred thousand dollars ($1,500,000), then the
applicant or licensee shall obtain a general liability insurance policy in an
amount not less than five hundred thousand dollars ($500,000).
(c) If an applicant's or a licensee's
monetary limit is one million five hundred thousand one dollar ($1,500,001) or
more, then the applicant or licensee shall obtain a general liability insurance
policy in an amount of not less than one million dollars
($1,000,000).
Authority: Chapter 130 and Chapter 460 of the Public Acts of 2007, §1 and T.C.A. §§ 62-6-108 and 62-6-111(a)(1) [effective July 1, 2007] and 62-6-506(b)(5) [effective July 1, 2007].
Disclaimer: These regulations may not be the most recent version. Tennessee may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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