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

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
Aberdeen2966.630.92
Biloxi3,89113.43.62
Brandon2,82021.11
Brookhaven1,31016.451.91
Madison3,8380.660.3
Meridian4,04811.963.53
Natchez2,1278.21.33
New Albany8992.60.12
Olive Branch3,0252.862.22
  • Jackson, MS
  • Business Insurance Common Coverage Options
  • 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 several factors, including the number and types of vehicles you are covering and the risk of collisions and vehicle 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 workers' compensation rates vary so significantly depending on your industry.
  • Based on a $100,000 annual payroll, here is what the workers' comp costs for two leading industries in Jackson, MS look 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 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 Common Coverage Options
  • 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.
  • 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 workers' compensation rates vary so significantly depending on your industry.
  • Based on a $100,000 annual payroll, here is what the worker's comp costs for two leading industries in Gulfport, MS look 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 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 Common Coverage Options
  • 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 several 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 workers' compensation rates vary so significantly depending on your industry.
  • Based on a $100,000 annual payroll, here is what the workers' comp costs for two leading industries in Oxford, MS look 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 associated risks, and you need to consider what your employees face so you can ensure that they're properly insured.


  • Columbus, MS
  • Business Insurance Common Coverage Options
  • 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. 
  • 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 vehicle 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 workers' compensation rates vary so significantly depending on your industry.
  • Based on a $100,000 annual payroll, here is what the workers' comp costs for two leading industries in Columbus, MS look like.
  • Manufacturing Industry, $2,730/year 
  • Construction Industry, $3,650/year 
  • Each industry comes with its risks. That's why workers' compensation rates vary from industry to industry and business to business. 


  • Southaven, MS
  • Business Insurance Common Coverage Options
  • 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. 
  • Commercial Auto: Commercial auto insurance can be easy to purchase. Just remember that your rates will be based on some factors, including the number and types of vehicles you are covering and the risk of collisions and vehicle 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 workers' compensation rates vary so significantly depending on your industry.
  • Based on a $100,000 annual payroll, here is what the workers' comp costs for two leading industries in Southaven, MS look 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. 


  • Biloxi, MS
  • Business Insurance Common Coverage Options
  • 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: When it comes to commercial auto insurance, note that your rates will be based on several factors, including the number and types of vehicles you are covering and the risk of collisions and vehicle 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 workers' compensation rates vary so significantly depending on your industry.
  • Based on a $100,000 annual payroll, here is what the workers' comp costs for two leading industries in Biloxi, MS look like.
  • Public Administration Industry, $210/year 
  • Construction Industry, $3,650/year 
  • If you're curious about 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 Common Coverage Options
  • Property: 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 vehicle 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 workers' compensation rates vary so significantly depending on your industry.
  • Based on a $100,000 annual payroll, here is what the workers' comp costs for two leading industries in Meridian, MS look 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 Common Coverage Options
  • Property: Do you know what your company's physical property is up against? Severe weather, theft, and an unexpected fire can happen at any time and can lead to large business losses that impact your bottom line.
  • Commercial Auto: Your commercial auto insurance rates will be based on several factors such as the number of cars you're covering and their makes and models, as well as the risk of collisions and vehicle theft in your area. 
  • 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 workers' compensation rates vary so significantly depending on your industry.
  • Based on a $100,000 annual payroll, here is what the workers' comp costs for two leading industries in Tupelo, MS look 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, employees face a greater risk of injury than those working in a restaurant.


  • Leland, MS
  • Business Insurance Common Coverage Options
  • Property: 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 many factors, including the number and types of vehicles you are covering and the risk of collisions and vehicle 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 workers' compensation rates vary so significantly depending on your industry.
  • Based on a $100,000 annual payroll, here is what the workers' comp costs for the two leading industries in Leland, MS look 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.