If you own a company, there are several risk factors you'll have to take into account. When you're searching for coverage, it's essential to know what you're getting. Mississippi business insurance can protect your convenience store against most exposures. 

A Mississippi independent insurance agent has access to multiple markets so that you get the best options for coverage and premiums. They do the comparison shopping for you at no additional cost. Connect with a local expert for tailored quotes today.

What Is Convenience Store Insurance in Mississippi?

Convenience store insurance in Mississippi will come in many forms. There are basic policies every business owner will need. Check out some common coverage choices for convenience stores below:

• General liability
• Business property
• Business inventory
• Commercial umbrella liability
• Workers' compensation
• Employment practices liability

Convenience Store Sales in the US (in billion US dollars)

Owning a convenience store in Mississippi could be a viable business. It's good to know the possibilities for growth in sales for the industry. 

What Does Convenience Store Insurance Cover in Mississippi?

In Mississippi, there are currently 257,404 small businesses in operation. All of them will have standard coverages by industry type that are included in their insurance policies. Let's look at common convenience store coverages:

• Coverage for bodily injury or property damage claims
• Coverage for your business inventory such as merchandise
• Coverage for business equipment that breaks down due to a covered loss
• Coverage for employees who are injured or become ill on the job
• Coverage for commercial vehicles used to operate the business
• Coverage for disgruntled employees that sue due to discrimination or harassment

Mississippi convenience store insurance will typically come with protection against these perils automatically:

• Fire
• Natural disasters
• Theft
• Vandalism
• Water damage (not from a direct flood loss)

How Much Is Convenience Store Insurance in Mississippi?

All policy premiums will vary. Every convenience store is different and has its own set of exposures. In Mississippi, $3,120,632,000 in commercial insurance claims were paid in 2019. Take a look at the factors companies consider when quoting:

• Loss history
• Replacement cost values
• Insurance score
• Experience level
• Type of retail store
• Location
• Local crime rate
• Local weather patterns

If you want to save right off the bat, consider bundling your commercial insurance policies. When you bundle all your coverage with the same carrier, you'll get rewarded. A discount of 30% or more is typical for most companies.

How Much Merchandise Is Covered with Mississippi Convenience Store Insurance?

Your Mississippi business insurance will have coverage for your merchandise. It will be listed under inventory insurance and is usually a blanket amount. This policy will cover all the common perils, such as theft, vandalism, and more. Take a look at the theft rates by state in 2019:

Number of property crimes in the US 

If you have valuable items as a business owner, you'll want proper protection. There are a few different ways to insure your property and inventory under your commercial policies. Consult with a trusted adviser for details.

Will My Mississippi Location Impact My Rates?

Your convenience store location will impact your insurance costs. Carriers look at local crime rates, weather losses, and more when calculating your premiums. If you're in a high-risk flood zone, you'll have to add a flood insurance policy as well. This will raise your expenses on coverage and ultimately cost you more. 

How an Independent Insurance Agent Can Help in Mississippi

When you're shopping for the perfect Mississippi convenience store insurance, consult with a professional. You'll have to choose several coverage options, and it can get confusing if you're not a licensed agent. In order to protect your livelihood, you must obtain the right coverage the first time.

Fortunately, a Mississippi independent insurance agent can help you find an affordable policy. They do the shopping for you so that you can relax. Connect with a local expert on TrustedChoice for instant savings today.