In Mississippi, businesses with at least five employees are required by law to carry workers’ compensation insurance - this law excludes agricultural workers. Workers’ compensation insurance is designed to prevent large financial burdens on employees and employers in the event of a serious injury in the workplace. In Mississippi, this coverage can be purchased through a commercial provider or, if approved, your company may opt to self-insure.
Workers compensation rates in Mississippi are about 15% lower than the national averages. Costs for coverage are based on the types of jobs your employees do, the injury risks in your industry, and your company's overall payroll. Rates are regulated by the Mississippi Workers’ Compensation Commission and the Mississippi Insurance Department. This coverage can be purchased through a commercial provider, which may offer policy discounts of up to 25% for qualified employers.
My business was growing so I needed workers' compensation insurance. I searched online trying to find a company I could count on, and TrustedChoice was one that caught my eye. I called them, and they were able to find a couple prospects right away. My choice was easy, and it was a good experience using them.Roger of Starkville, MS Consumer Affairs
Workplace injuries can be costly. Medical costs aside, an employee who is injured and unable to work for an extended period may face major income losses. If an injury is permanent or fatal, the financial crisis for the family can be devastating. Workers' compensation insurance is designed to protect employees against large monetary losses and can aid your business in the case of a liability lawsuit. A workers’ compensation policy can cover the following:
Currently, Mississippi is home to 208 independent insurance agents who are ready to help you find the best workers’ compensation insurance for your company. Your agent can save you time and money by contacting several different insurance providers to find a competitively priced policy that is well-suited to your particular business. Talk to an agent near you to start comparing customized workers’ compensation insurance quotes.