Mississippi Business Insurance
Customized protection for your Mississippi business
As a Mississippi business owner, you should consider business insurance to protect your livelihood from a wide range of risks, including workplace injuries, customer slips and business property damage. A single incident can result in costly legal fees and recovery expenses that might be difficult to overcome on your own.
There are over 262,000 small businesses in Mississippi that account for 99.3% of all businesses in the state, according to the Small Business Administration. They collectively employ over 437,000 people and are required by Mississippi state law to protect them with workers’ compensation insurance.
Shop for a variety of business insurance products, including general liability, a business owners policy (BOP), workers’ compensation and more through the Progressive Advantage® Business Program. We’ll help you customize a quote that meets the needs of your Mississippi business.
Types of MS business insurance
How much does business insurance cost in Mississippi?
A variety of factors influence the cost of business insurance in Mississippi, including your profession, coverage needs, business size and location. For example, a business located inland in a larger city like Jackson can expect a different rate than one located near the coast in a smaller city like Biloxi.
The most influential of these factors is your profession. Businesses are typically rated on the exposures and risks common to their industry. High-risk businesses, such as certain manufacturers, tree removal services and general contractors, usually need specialized coverage that often costs more.
Learn more about the factors that affect your business insurance rate. You can also get a customized quote online to find out exactly what you’ll pay.
Mississippi business insurance requirements
The state of Mississippi requires businesses with five or more employees to carry workers’ compensation insurance. Small business owners have the option to purchase coverage through a private insurance company or get approval from the state to self-insure.
Businesses that have less than five people aren’t legally required to carry workers’ comp but may voluntarily provide coverage. Domestic workers, farm laborers, and employees of non-profit, religious or cultural organizations aren’t protected under the state’s law, unless their employer elects to carry coverage.
While other business coverages, such as general liability, professional liability and cyber insurance, aren’t required by Mississippi state law, many prospective clients require them before you may begin working with them.
Resources for Mississippi small business owners:
Mississippi professions we insure
We help small business owners from a wide variety of industries, including these common professions:
Browse more examples of professions we insure.
Why choose Progressive?
Business insurance for all Mississippi cities
We can customize business insurance in all Mississippi cities, including, but not limited to: