National Business Insurance Stats

Number of businesses in the US: 30,819,176

Burglary rate per 1,000 residents in the US: 3.76

Auto theft rate per 1,000 vehicles in the US: 2.29

CityNo. of businessesBurglaries / 1,000 peopleAuto thefts / 1,000 cars
New Albany8992.60.12
Olive Branch3,0252.862.22

Business Insurance in Mississippi FAQ - Quick Answers

The cost of business insurance in Mississippi will be different for every operation. However, below are the risk factors carriers look at when quoting your coverage:

  • Type of industry
  • Number of employees
  • Gross annual sales
  • Location of business
  • Number of company vehicles
  • Safety practices in place
  • Past claims reported
  • Number of years in operation

In Mississippi, you'll be required to carry certain policies. Workers' compensation insurance is mandated once you have 5 employees. If you own any company vehicles, you'll need the minimum limits of liability as well. Other policies are typically optional, but may be worth looking into.

In Mississippi, business insurance comes in many forms, but the most commonly obtained are as follows:

Small business liability insurance will come with options and apply to unique risk exposures your company may have. Check out the most used liability policies in Mississippi:

Mississippi health insurance plans are optional if you have under 50 employees. However, some businesses want to offer health coverage to their staff as an added perk. Connect with a local independent insurance agent for quotes. 

There are multiple carriers you can choose from when it comes to small business insurance. In Mississippi, Hanover, Nationwide, and Travelers are commonly used among other operations. This is due to their excellent customer service and superior claims handling.

Do You Know What Your Business Insurance Covers in Mississippi?

Find the Best Business Insurance in Your City