Mississippi Business Insurance

Why Get Business Insurance in Mississippi
All business owners in Mississippi need to have comprehensive business insurance. Whether you own a large company with many employees or run a relatively small business, the proper insurance coverage offers business owners solid financial protection in the event of a claim due to an accident, weather-related damages, or even certain natural disasters.

Without adequate coverage, the risk for small Mississippi businesses is huge. For example, if an accident occurs on your business property and you don’t have adequate liability insurance coverage, a lawsuit can literally bankrupt your company. The same holds true for a large business, also. Even if a business continues to function after a costly legal battle, it can suffer tremendously while trying to recover the damages awarded by the court. Many companies in this situation are forced to lower productivity and downsize the number of employees in an effort to save money.

Don’t risk all you have worked so hard for by cutting corners when it comes to business insurance. Be certain that you, your business, and your personal assets are protected with Mississippi liability insurance.

Workers Compensation in Mississippi
All employers in Mississippi are required to provide worker’s compensation as soon as they hire employees. The system of worker’s compensation in Mississippi is compulsory except for a few exemptions. Waivers are not allowed and worker’s compensation insurance may be procured either through a private insurance carrier or through self-insurance.

Important Features of Mississippi’s Worker’s Compensation Act:

  • Employers with less than five employees are exempt
  • Agricultural employers are not compelled by the state to provide worker’s compensation insurance
  • Employers may provide voluntary worker’s compensation coverage for domestic workers

Employees entitled to worker’s compensation benefits may receive the following as determined by a percentage of their wages:

  • Full medical benefits with no time or monetary limits
  • Temporary total disability benefits
  • Permanent total disability benefits
  • Permanent partial disability benefits
  • Death benefits with burial allowance

Coverage for Mississippi Business Insurance
All businesses in Mississippi need liability insurance coverage. Unfortunately, there are still many businesses operating in the state without appropriate coverage or none at all. This is mainly because business owners fear the high cost of insurance premiums. The good news is that reasonably priced liability insurance is available. All it takes is a little research and effort on your part and you can actually help to control the cost.

When choosing an insurance policy, it makes good business sense to speak with several different insurance companies and compare rates and quotes. This can be done from your home or office at any time of the day or night. Protect your valuable investment be selecting the proper coverage for your business and its employees. The cost is small when compared to the possibility of having to pay for claims out of pocket.