Yes, you should file the Exempt Employers Notice of Acceptance of the Workers' Compensation Act of Tennessee (Form I-8). If you later decide to drop your workers' compensation coverage, you must file the Exempt Employers Withdrawal of Notice of Acceptance (Form I-9).
If you file a Form I-8, you will remain subject to the workers' compensation requirements until a Form I-9 is received by this Division. If you drop your coverage and do not file a Form I-9 and an injury occurs, you could be held responsible for that claim.
Download Forms at http://www.tn.gov/workforce/topic/forms