National Average Cost of Workers' Compensation Insurance

Healthcare $1,825 Per $100,000 payroll

Retail Trade $2,850 Per $100,000 payroll

Construction $7,430 Per $100,000 payroll

Workers' Compensation Insurance Laws in Mississippi

Workers' compensation insurance in Mississippi is mandated for every employer with five or more employees. If your business has under five employees, you are not legally required to carry coverage. However, most still do to avoid financial loss. Coverage starts at the state's minimum liability limits and can increase from there depending on your coverage needs.

Common Workers' Compensation Claims in Mississippi

The Top 5 industries with the most claims filed, in order:

  1. Construction
  2. Transportation and warehousing
  3. Manufacturing
  4. Crop farming
  5. Landscaping

The Top 7 most reported injuries, in order:

  1. Violence and other injuries by persons or animals
  2. Transportation incidents
  3. Fires
  4. Falls, slips, trips
  5. Exposure to harmful substances or environments
  6. Contact with objects and equipment
  7. Overexertion and bodily reaction

In one recent year, Mississippi saw 59 fatal work injuries. Fortunately, if your business has obtained the proper workers' compensation policy, you'll have coverage for funeral costs.

FAQ: Workers' Compensation Insurance in Mississippi

In Mississippi, your business should be fully protected from as much risk as possible. Workers' compensation insurance is one way to mitigate employee-related risk. This policy protects your business by helping to pay for the following when a worker sustains an injury or illness on the job:

  • Employee lost wages
  • Employee medical expenses
  • Employee funeral costs

Premiums for your Mississippi workers' compensation insurance will vary. Since your business is unique, your policy costs will be individualized. Rates are calculated within a specific range per job type and the risk factors associated with each industry. See some current Mississippi workers' compensation rates, per $100 of employee payroll, below:

IndustryLow CostHigh Cost
Floor Installers-Wood-Carpet-Laminate$2.60$6.04
Metal Building Construction$5.26$12.22
HVAC-Heating and Cooling Service/Repair$2.61$6.07
Solar Energy Contractors-Installation$2.61$6.07
Roofing Contractors$8.30$19.29

Yes. In Mississippi, workers' compensation is legally required for five or more employees. If your business employs less than five workers, you're not mandated by the state to have coverage, although most do to avoid financial losses. 

Your Mississippi workers' compensation insurance helps pay for work-related injuries and illnesses sustained by one of your employees on the job. Some of these incidents could include coverage for: 

  • Traumatic injuries
  • Repetitive injuries
  • Some mental or cognitive injuries
  • Occupational illnesses/diseases

Not every claim is covered under your Mississippi workers' compensation policy. Some restrictions apply, and it's important to understand what those could be before filing an unnecessary claim. Here are some exclusions under your Mississippi workers' compensation insurance:

  • Intentional injuries or illnesses
  • Injuries or illnesses sustained outside of work
  • Injuries or illnesses sustained while committing a crime
  • Injuries or illnesses sustained under the influence of drugs or alcohol

Some entities may request evidence of workers' compensation insurance, among other business policies. This is known as a Certificate of Insurance, and it provides the limits, expiration dates, and agent signature on your behalf. You can obtain a certificate from your Mississippi independent insurance agent for no additional fee. Here is who could be requesting proof of insurance for your operation:

  • Individuals you do work for or with
  • Businesses you do work for or with
  • Municipalities you do work for or with
  • Anyone you do work for or with

If you're looking for Mississippi workers' compensation insurance that's affordable and sufficient, you have options. Fortunately, an independent insurance agent can help find coverage that suits your needs. Here's why your business should consider working with an independent agent:

  • They quote for free.
  • They work with top-rated carriers.
  • They work with dozens of markets at once.
  • They remarket your business coverage at renewal time.

When your Mississippi business has to file a workers' compensation claim for your injured or ill employee, benefits are not considered income. This means that Mississippi does not tax the benefits paid to the employee like regular wages. Always consult with your tax professional for specifics. 

Find Workers' Compensation Insurance Near You