How much does Retail Store insurance cost in Knoxville, Tennessee?

The estimated annual cost for a Retail Store in Knoxville with one employee is between $801 and $1178. The state base rate is $880.

What insurance is required for a Retail Store in Tennessee?

In Tennessee, businesses are subject to a 7.0% insurance tax. Retail Stores typically need General Liability due to a risk factor of 1.

Retail Store Insurance Cost in Knoxville, Tennessee (2026 Guide)

Estimated Cost (2026)

Adjust based on your team size

Number of Employees1

Just me (1)Team (20)

$801-$1178

Estimated Annual Premium

Monthly Average Breakdown

$79 / mo

Includes General Liability

Industry Risk Profile

Retailers mainly need premise liability for customer slip-and-falls and property insurance for inventory.

Risk Factor1x

Location Factors

State Base Rate$880
Knoxville Multiplier1x
State Tax Rate7.0%

Local Compliance FAQ

Is General Liability required in Knoxville?

While Tennessee law may not mandate it for all businesses, Retail Stores often need proof of insurance to bid on local commercial projects in Knoxville.

Why is the rate different here?

Your premium reflects Tennessee's specific base rate of $880 and a local city multiplier of 1x.

Compare Retail Store Insurance in Other Tennessee Cities

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How much does Retail Store Insurance cost in Knoxville?