When you own a company in Mississippi, you'll be one of 257,404 small businesses currently in the state. The proper protection is necessary to avoid financial ruin. Mississippi business insurance can include coverage for commercial equipment that you own. 

A Mississippi independent insurance agent can help with policy and rate options. They will find coverage that fits your budget, saving you time and money. Connect with a local expert for tailored quotes today.

Commercial Equipment Insurance in Mississippi

Your Mississippi commercial equipment insurance will cover interior damage to your property. Typically, equipment like freezers, boilers, refrigerators, air conditioners, and others can be covered. It will protect against damage to business equipment caused by the following:

1. Power surges
2. Electrical shorts
3. Mechanical breakdowns
4. Motor burnout
5. Operator errors

Commercial equipment rental revenue in the US (in million US dollars)

If you're leasing your commercial equipment as part of your business, then it could be a viable operation. It's key to know what your insurance will cover.  

What Does Commercial Equipment Insurance Cover in Mississippi?

If your business has equipment that helps it run, adequate protection is needed. It only takes one loss, and you could be out thousands of dollars worth of property. Check out what commercial equipment insurance will cover:

• Coverage to replace or repair failed equipment
• Coverage for the labor to replace or repair failed equipment
• Coverage for lost income due to failed equipment

Market share of the leading equipment rental companies in the US (in 2020)

Whether you're one of the main contributors to equipment rental or just have a small share, there is a market for it. The right coverage is necessary to avoid financial risk. 

What Doesn't Commercial Equipment Insurance Cover in Mississippi?

Commercial insurance can cover many things, but all policies come with exclusions. Take a look at the common items that won't be included in your business equipment policy in Mississippi:

• Spoilage: This coverage refers to food or items that spoil due to an equipment loss. It can usually be added for a fee but won't be automatic in most cases.
• Vehicles: Some insureds think automobiles and company vehicles fall under business equipment, but they don't.
• Structures: If you want coverage for any structures or similar, it will fall under your business property coverage.

Business Equipment Insurance Costs in Mississippi

The cost of commercial equipment insurance will vary from entity to entity. Carriers determine premiums on an individual basis. Take a look at some things companies use to rate that will affect your business equipment pricing:

• The value of each piece of equipment
• Your safety measures in place
• Who operates said equipment
• Your claims history
• Your business address
• Local disasters

Common Mississippi natural disasters that can impact your premiums:

1. Severe storms and lightning damage
2. Burglary and other property crimes
3. Hurricanes and tropical storms
4. Tornadoes
5. Flooding and water damage

Insurance for Business Equipment at Your Mississippi Home

When you work out of your home, your Mississippi equipment coverage will look different. Some carriers will allow you to have commercial coverage on your homeowners policy by adding an endorsement. Take a look at what home coverage can extend to your business:

• Liability 
• Business personal property 
• Medical payments

The maximum amount you might get for your business equipment on your homeowners policy will depend on the carrier. To have adequate protection for your equipment, it is usually best to obtain a separate business policy.

How to Connect with an Independent Agent in Mississippi

In Mississippi, your business equipment insurance is necessary to avoid financial ruin. If you have a loss without proper protection, you could be out thousands of dollars in damage. A licensed professional can help review your business equipment policy.

A Mississippi independent insurance agent has access to several markets so that you get options. They do the shopping at no cost, saving you time and premium dollars. Connect with a local expert on TrustedChoice for custom quotes in minutes.