Business insurance is designed to protect your company from large financial losses due to hazards like tornadoes, hurricanes, fires, and theft. However, business insurance is only required in Mississippi if your company uses vehicles for transportation, has five or more employees, and/or has taken out a commercial loan.
Every company is different, so the cost for coverage will vary significantly from one business to the next. Rates can be influenced by a number of factors such as your company’s size, industry, and liability risks; the number of workers you employ; the value of the assets you wish to insure; and the coverage types you wish to include in your policy. Independent insurance agents can help you understand your many options and can obtain a selection of customized quotes. That way, you can be sure you are getting suitable coverage at a competitive rate.
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Business insurance can be customized to meet each company’s specific coverage needs. That way, you are only paying for the coverage you want. Listed below are some of coverage types most commonly purchased by business owners in Mississippi. Your local insurance agent can go over these, and the many other options that are available to you, in greater detail.
Most business insurance policies do not cover flood damage. If your business is located in a flood zone or a location that is at risk for flash floods, be sure to ask your insurance agent about supplementing your business coverage with a commercial flood insurance policy through the National Flood Insurance Program (NFIP).
There are currently 208 independent insurance agents in Mississippi who are ready to help. These agents can save you time and money by working with several different insurance providers to help you build a comprehensive business insurance plan at a competitive price. Talk to an independent insurance agent near you to get more information and to start comparing customized business insurance quotes.