Commercial Insurance in Mississippi

Owning a business in Mississippi means that you must do everything you can to protect your company and employees. You can obtain commercial insurance tailored to meet your needs with us at Sprout Insurance. We offer insurance policies for all businesses, no matter what type of needs you have. We offer everything from workers’ comp to business owner’s policy insurance.

Commercial Insurance Requirements

Both workers’ compensation insurance and commercial auto insurance are required in Mississippi for all businesses. The other insurance policies are optional. All businesses that employ five or more employees must obtain workers’ comp. However, companies do not need to obtain this policy for independent contractors.

Additionally, all company-owned vehicles in Mississippi must be covered with commercial auto insurance. Policies must also obtain a minimum of:

• Bodily injury liability for each person for $25,000
• Bodily injury liability for each accident for $50,000
• Property damage liability for $25,000

Commercial Insurance Coverage

Additional coverage for your business includes:

• General liability- This is a highly recommended policy for all businesses because it covers some of the most common risks, such as customer injuries. Your commercial lease may also require this policy.
• Professional liability insurance- This is also known as errors and omissions insurance and will keep your business protected if you provide advice or professional services. It will cover all work performance-related lawsuits.
• Cyber liability insurance- If your company handles sensitive data such as customer credit card numbers, this policy will protect your company against cyberattacks and data breaches.
• Business owner’s policy- This is a combination of general liability and commercial property insurance in one plan. Most commercial businesses obtain this single policy.

Quotes

To obtain a quote for commercial insurance, contact Sprout Insurance today. We are located in Nettleton, MS but serve Mississippi, Tennessee, Arkansas and Alabama.