Popular QuestionsPopular Questions About Mississippi Business Insurance

Why Should I Have Mississippi Business Insurance?

In 2018 small businesses in Mississippi made $72.3 billion. Mississippi small business are extremely successful. But accidents happen, and without insurance, business claims and legal fees will have to be paid out of your pocket. 

You can protect your business’s revenue by having proper, comprehensive and customized commercial insurance.

How Have Other Business Owners Used Their Business Insurance?

40% of small businesses are likely to experience a property or general liability claim in the next 10 years. Here are some things these companies have been using their insurance on:

  • Theft Or Burglary: Average Cost Per Claim - $8,000
  • Water Damage & Freezing Pipes: Average Cost Per Claim - $17,000
  • Wind & Hail Damage: Average Cost Per Claim - $26,000
  • Fire Damage: Average Cost Per Claim - $35,000
  • Customer Slip & Fall: Average Cost Per Claim - $20,000
How Does Mississippi Business Insurance Help Me?

Mississippi business insurance will pay for covered claims so your business doesn’t have to. If your physical office space is damaged, a client files a liability claim or your employee is injured, you won't have to worry about your financial security.

Here’s what a standard business insurance policy should do:

Pay For Damage To Your Building

  • We call this “Commercial Property Insurance.”
  • Example: A tree falls on your office building.

Pay For Damage To Your Business Property

  • We call this “Business Personal Property Insurance.”
  • Example: A fire destroys all your computers.

Pay For Damage To Someone Else’s Property

  • We call this “General Liability Insurance.”
  • Example: A contractor does a poor job of installing a cabinet, resulting in its falling and breaking homeowner's kitchenware.

Pay For Someone Else’s Medical Bills

  • We also call this “General Liability Insurance.” 
  • Example: A customer slips and falls on your recently mopped floor and breaks an arm.

Pay For Accidents in Company Vehicles

  • We call this “Commercial Auto Insurance.”
  • Example: Your salesperson rear-ends someone while driving to an appointment.

Pay For Employee Injuries & Compensation

  • We also call this “Workers' Compensation.”
  • Example: An employee falls off a ladder at work and can’t work for two weeks.

Sometimes, these coverages are not enough to properly protect a business against risk. Your business most likely faces unique risks and may need additional coverages.

To make sure you're properly insured, we can match you with the right independent insurance agent who specializes in your field.

What Insurance Does Mississippi Require for Businesses?

A commercial insurance policy is not required of most Mississippi businesses, but you should consider how certain coverages may be necessary. 

For example, businesses that have company-owned vehicles must carry commercial auto insurance. And being in a coastal state means you're prone to experience physical damage from bad weather. 

To learn more about coverage that you may need to carry, you can talk with a local independent insurance agent.

How Much Does Mississippi Business Insurance Cost?

It primarily depends on how risky your business is. The riskier your business is, the higher your insurance will be. Here are two examples.

  • A sole proprietor who owns a garment hemming business: $260 per year
  • A commercial landscaper with five employees who operate heavy machinery: $22,700 per year
How Do I Find the Best Business Insurance in Mississippi?

Business insurance rates are calculated using a number of factors such as the risks to your business property, your liability coverage needs and the amount and types of coverage you want. 

Policies can vary significantly by business industry, so it is best to talk with an experienced insurance agent when building a suitable and comprehensive policy for your business.

It’s usually wise to work with an independent agent in Mississippi since they have access to multiple insurance companies. Sometimes its difficult to find an insurance company who will cover your business.

  • There are 257 independent agents in Mississippi who are ready to help.
  • In 2017 our agents helped 1,427 people.
What Are the Top Business Insurance Companies in Mississippi?

An independent insurance agent compares policies from multiple companies to find the best coverage for your needs.

markel
cna insurance
foremost insurance group
liberty mutual insurance

InformationFind the Best Insurance in Your City

How Does Your City Measure Up?

  • Number of businesses in the U.S.: 27,626,360
  • Number of businesses in Mississippi: 235,454
  • Burglary rate per 1,000 residents in the U.S.: 4.69
  • Burglary rate per 1,000 residents in MS: 7.81
  • Auto theft rate per 1,000 vehicles in the U.S.: 2.37
  • Auto theft rate per 1,000 vehicles in MS: 1.45


CityPopulationNumber of Established FirmsBurglary Rate Per 1,000 ResidentsAuto Theft Rate per 1,000 Vehicles
Jackson169,14818,45917.126.53
Gulfport72,0767,0418.781.76
Oxford23,2902,4086.391.63
Columbus24,5612,76414.211.52
Southaven53,2144,1942.404.00
Hattiesburg46,9264,8117.961.48
Biloxi45,9753,89117.523.15
Meridian39,1134,04815.263.49
Tupelo38,8424,4269.872.67
Leland4,104<25011.191.86
Olive Branch36,6993,02510.513.01
Horn Lake27,0421,7728.855.76
Clinton25,2112,4646.610.38
Pearl26,4852,3976.740.43
Pass Christian5,7016558.260.35
Long Beach15,6771,1703.950.57
Fulton4,066<2503.410.10
New Albany8,7868992.600.12
Flowood8,8591,5227.002.39
Pascagoula21,9811,02611.431.76
Brandon23,8262,8201.720.38
Kosciusko7,1399137.720.00
Gautier18,4711,08213.992.13
Laurel18,7562,00311.471.42
Clarksdale16,2721,66834.333.72
Ocean Springs17,6521,8666.392.32
Natchez15,1092,1278.201.33
Greenwood14,4151,49618.430.99
Forest5,6725713.230.53
Cornith14,8182,00117.321.76
Hernando15,6311,6616.850.26
Moss Point13,5701,07522.833.92
Canton13,6431,56325.411.04
Grenada12,7081,30914.471.37
McComb12,8111,86516.101.34
Brookhaven12,3591,3104.620.32
Cleveland12,1011,17810.680.99
Byram11,5458467.191.98
Yazoo City11,1801,07622.212.03
West Point10,8801,0749.020.27
Indianola9,65591123.490.98
Bay St. Louis12,6679978.171.80
Booneville8,7441,0425.580.29
Senatobia7,90982911.250.70
Amory7,0675919.830.20
Aberdeen5,3912966.630.92
Madison26,0313,8380.720.39
Ridgeland24,4833,4641.300.73
Starkville25,5702,8216.840.96
Vicksburg22,9251,96215.722.60


Jackson, MS Business Insurance Cost Factors

Covering Your Business Assets

Property: The property crime rate in Jackson isn't much higher than the national average. But property insurance in less safe areas can sometimes be more expensive. Consider your neighborhood and the unique risk you face when looking at commercial insurance options.

Commercial Auto: If your business owns a vehicle or a fleet of vehicles, you will need commercial auto insurance. Your rates will be based on a number of factors, including the number and types of vehicles you are covering and the risk of collisions and of vehicular theft in your city.

Workers’ Compensation

Workers’ compensation insurance pays for medical bills and lost wages for workers who are injured on the job. It is required for most Mississippi employers. Every workplace has unique risks and hazards for its workers, which is why worker’s compensation rates vary so significantly depending on your industry.

Based on a $100,000 annual payroll, here is what the two leading industries in Jackson, MS workers comp cost looks like.

  • Manufacturing Industry, $2,730/year 
  • Accommodation and Food Services Industry, $1,430/year

No matter what industry you're in, your business is unique and has its own risks to consider when looking at insurance options. Workers’ compensation coverage ensures that your injured employees are properly taken care of and that their medical expenses are covered. 

Gulfport, MS Business Insurance Cost Factors

Covering Your Business Assets

Property: In addition to severe weather events, property crimes like theft and arson can lead to large business losses if you do not have the right insurance. The crime rate in Gulfport can affect your coverage rates.

Commercial Auto: Because the auto crime rate in Gulfport is higher than average, you may be paying more for your commercial auto insurance. But it's always a good idea to know the risks you face so you can protect yourself against them. If your business owns a vehicle or a fleet of vehicles, talk to a local independent insurance agent to learn about your options.

Workers’ Compensation

Workers’ compensation insurance pays for medical bills and lost wages for workers who are injured on the job. It is required for most Mississippi employers. Every workplace has unique risks and hazards for its workers, which is why worker’s compensation rates vary so significantly depending on your industry.

Based on a $100,000 annual payroll, here is what the two leading industries in Gulfport, MS workers comp cost looks like.

  • Construction Industry, $3,650/year
  • Retail Trade Industry, $1,480/year

An employee at a construction site has very different risks than one behind a store counter at a clothing store. That's why the rates above are different for each industry. Because your business is unique, you need to consider the various hazards of a particular job so you can have appropriate coverage for those hazards.

Oxford, MS Business Insurance Cost Factors

Covering Your Business Assets

Property: Weather events, theft and an unexpected fire can lead to large business losses if you do not have the right insurance. Take note of the crime rate in Oxford in particular; it's higher than average, so it can affect coverage rates and should entice you to install a few security measures on your property.

Commercial Auto: Auto-related crime isn't a huge threat in Oxford. But you'll still need commercial auto insurance if your business owns a vehicle or a fleet of vehicles. Remember that your rates will be based on a number of unique factors like the number and types of vehicles you are covering.

Workers’ Compensation

Workers’ compensation insurance pays for medical bills and lost wages for workers who are injured on the job. It is required for most Mississippi employers. Every workplace has unique risks and hazards for its workers, which is why worker’s compensation rates vary so significantly depending on your industry.

Based on a $100,000 annual payroll, here is what the two leading industries in Oxford, MS workers comp cost looks like.

  • Educational Services Industry, $210/year 
  • Retail Trade Industry, $1,480/year 

Workers’ compensation coverage protects your employees regardless of where the injury takes place as long as they are performing their job duties at the time. Each job function has its own associated risks, and you need to consider what your employees face so you can ensure they're properly insured.

Columbus, MS Business Insurance Cost Factors

Covering Your Business Assets

Property: In addition to severe weather events, property crimes like theft and arson can lead to large business losses if you do not have the right insurance. Make sure you're properly insured and protected against the unexpected by talking to an independent insurance agent.

Commercial Auto: You can't control other drivers, let alone criminals who decide to break into your company car. If your business owns a vehicle or two, you will need commercial auto insurance. Depending on the number and types of vehicles you are covering, as well as the risk of collisions and of vehicular theft in your city, your insurance rate will vary.

Workers’ Compensation

Workers’ compensation insurance pays for medical bills and lost wages for workers who are injured on the job. It is required for most Mississippi employers. Every workplace has unique risks and hazards for its workers, which is why worker’s compensation rates vary so significantly depending on your industry.

Based on a $100,000 annual payroll, here is what the two leading industries in Columbus, MS workers comp cost looks like.

  • Manufacturing Industry, $2,730/year 
  • Construction Industry, $3,650/year 

Each industry comes with its own risks. That's why workers' compensation rates vary from industry to industry and business to business. You can talk to a local independent insurance agent to learn more about what you should consider, what you should include and how much you'll have to pay.

Southaven, MS Business Insurance Cost Factors

Covering Your Business Assets

Property: Did you know that the crime rate in Southaven can affect how much you pay for insurance coverage? In addition to severe weather events, property crimes like theft and arson can lead to large business losses if you aren't properly protected. Find a policy and rate that works for you by teaming up with a local independent agent.

Commercial Auto: Southaven is generally a safe community, but criminals can strike without warning. You need to protect your business's assets, which means its vehicles. Commercial auto insurance can be easy to purchase. Just remember that your rates will be based on a number of factors, including the number and types of vehicles you are covering and the risk of collisions and of vehicular theft in your city.

Workers’ Compensation

Workers’ compensation insurance pays for medical bills and lost wages for workers who are injured on the job. It is required for most Mississippi employers. Every workplace has unique risks and hazards for its workers, which is why worker’s compensation rates vary so significantly depending on your industry.

Based on a $100,000 annual payroll, here is what the two leading industries in Southaven, MS workers comp cost looks like.

  • Transportation and Warehousing Industry, $5,100/year
  • Manufacturing Industry, $2,730/year

Base premium rates are set to reflect the various hazards of a particular job, which means that more-hazardous professions will carry a higher premium than jobs where accidents are less likely to happen. Maintaining a safe workplace and keeping accidents to a minimum can also help lower your workers’ compensation premium. 

Hattiesburg, MS Business Insurance Cost Factors

Covering Your Business Assets

Property: Severe weather events should always be a major concern, especially considering you're in a coastal state. But other risks like theft and arson can lead to large business losses as well. If you do not have the right insurance, you need to talk to a local independent agent and find a policy that gives you 360 degrees of protection.

Commercial Auto: If your business owns a vehicle or a fleet of vehicles, you will need commercial auto insurance. Your rates will be based on a number of factors, including the number and types of vehicles you are covering and the risk of collisions and of vehicular theft in your city.

Workers’ Compensation

Every business insurance policy comes standard with workers’ compensation insurance. If the workers’ compensation cost for your business is higher than average, this could add to your overall business insurance cost.

Based on a $100,000 annual payroll, here is what the two leading industries in Hattiesburg, MS workers comp cost looks like.

  • Retail Trade Industry, $1,480/year
  • Accommodation and Food Services Industry, $1,430/year

Why do workers' compensation coverages vary in price? These average premium rates take into account the unique hazards of a particular job. So, a more hazardous industry will constitute a higher premium versus other jobs where accidents are less likely to happen. Take this into consideration when looking at insurance options.

Biloxi, MS Business Insurance Cost Factors

Covering Your Business Assets

Property: In addition to severe weather events, property crimes like theft and arson can lead to large business losses if you do not have the right insurance. The crime rate in Biloxi can affect your coverage rates, so remember that it will be unique to you, your neighborhood and your business.

Commercial Auto: It's essential to protect your company cars from accidents and criminal activity in Biloxi. Purchase commercial auto insurance to give yourself peace of mind. Just take note that your rates will be based on a number of factors, including the number and types of vehicles you are covering and the risk of collisions and of vehicular theft in your city.

Workers’ Compensation

Workers’ compensation insurance pays for medical bills and lost wages for workers who are injured on the job. It is required for most Mississippi employers. Every workplace has unique risks and hazards for its workers, which is why worker’s compensation rates vary so significantly depending on your industry.

Based on a $100,000 annual payroll, here is what the two leading industries in Biloxi, MS workers comp cost looks like.

  • Public Administration Industry, $210/year 
  • Construction Industry, $3,650/year 

If you're curious why the two premiums above are different from one another, just consider the type of risk each employee has at each job. A more hazardous workplace needs more protection.

Meridian, MS Business Insurance Cost Factors

Covering Your Business Assets

Property: Does your property have 360 degrees of insurance protection? If not, you should talk to a local independent insurance agent. Severe weather events, property crimes like theft and arson, and unexpected flooding can lead to serious business losses if you do not have the right insurance. 

Commercial Auto: If your business owns a vehicle or a fleet of vehicles, you need commercial auto insurance. It's not only important for when your employees are on the road but also to protect yourself against vehicular theft in your city.

Workers’ Compensation

Workers’ compensation insurance pays for medical bills and lost wages for workers who are injured on the job. It is required for most Mississippi employers. Every workplace has unique risks and hazards for its workers, which is why worker’s compensation rates vary so significantly depending on your industry.

Based on a $100,000 annual payroll, here is what the two leading industries in Meridian, MS workers comp cost looks like.

  • Manufacturing Industry, $2,730/year 
  • Construction Industry, $3,650/year 

How much you pay for Mississippi workers' comp insurance depends on what kind of industry you're in. An employee uses different equipment and has different tasks throughout the day, which means you need specific types and amounts of coverage.

Tupelo, MS Business Insurance Cost Factors

Covering Your Business Assets

Property: Do you know what your company's physical property is up against? Severe weather, theft and an unexpected fire can happen at any moment — and can lead to large business losses that impact your bottom line. If you do not have the right insurance or you are concerned about your current level of protection, contact an independent insurance agent near you.

Commercial Auto: Your commercial auto insurance rates will be based on a number of factors such as the number of cars you're covering and their makes and models, as well as the risk of collisions and of vehicular theft in your area. There are lot of things to consider, and talking to an independent agent can help clear the confusion.

Workers’ Compensation

Workers’ compensation insurance pays for medical bills and lost wages for workers who are injured on the job. It is required for most Mississippi employers. Every workplace has unique risks and hazards for its workers, which is why worker’s compensation rates vary so significantly depending on your industry.

Based on a $100,000 annual payroll, here is what the two leading industries in Tupelo, MS workers comp cost looks like.

  • Manufacturing Industry, $2,730/year
  • Accommodation and Food Services Industry, $1,430/year

Your workers’ comp rates will fluctuate depending on which industry you're in. In the manufacturing world, the employees face a greater risk of injury than those working in a restaurant. It's important to consider how your business is uniquely different when looking at commercial insurance options with a local independent insurance agent.

Leland, MS Business Insurance Cost Factors

Covering Your Business Assets

Property: You never think property-related crime will happen, but if you don't have the proper security measures and insurance in place, you don't want to experience it. Property crimes like theft and arson can lead to large business losses if you do not have the right insurance, and the crime rate in Leland can affect your coverage rates.

Commercial Auto: If your business owns a vehicle or a fleet of vehicles, you will need commercial auto insurance. Your rates will be based on a number of factors, including the number and types of vehicles you are covering and the risk of collisions and of vehicular theft in your city.

Workers’ Compensation

Workers’ compensation insurance pays for medical bills and lost wages for workers who are injured on the job. It is required for most Mississippi employers. Every workplace has unique risks and hazards for its workers, which is why worker’s compensation rates vary so significantly depending on your industry.

Based on a $100,000 annual payroll, here is what the two leading industries in Leland, MS workers comp cost looks like.

  • Retail Trade Industry, $1,480/year
  • Educational Services Industry, $1,430/year 

Workers’ compensation insurance is a complicated product, and your premium amount will change depending on what your business does. Each area has its own unique set of risks to protect against. Employees are more likely to be injured in a hazardous setting, which is why premium averages vary so much.