If you own a catering company, there are several risk exposures. The proper protection is crucial to avoid financial ruin or worse. Mississippi business insurance will include coverage for your catering company.

A Mississippi independent insurance agent can help with policy and premium for an affordable price. They do the comparing so that you can save time and money. Connect with a local adviser for custom quotes. 

What Is Catering Company Insurance?

Your Mississippi catering company insurance will come in many forms. You'll have several options to choose from when it comes to protecting your business. Check out some common coverage choices for catering companies below:

• General liability
• Business property
• Business inventory
• Business equipment breakdown
• Commercial umbrella liability
• Business auto

Catering industry market size in the US

When you own a business, you'll need to account for the number of catering companies in your area. If you have employees, employment practices liability and workers' compensation insurance are necessary as well. 

What Does Catering Company Insurance Cover in Mississippi?

Mississippi has 257,404 small businesses currently in operation. All industries will have specific coverages. Let's look at standard catering company insurance options:

• Coverage for bodily injury or property damage claims
• Coverage for your business inventory such as products
• 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 who sue due to discrimination or harassment

Your Mississippi insurance will typically come with protection against the perils below automatically:

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

How Much Is Catering Company Insurance in Mississippi?

Every insurance policy will cost different from business to business. In Mississippi, $3,120,632,000 in commercial insurance claims were paid in 2019 alone. Take a look at the criteria companies use when quoting:

• Loss history
• Replacement cost values
• Insurance score
• Experience level
• Local crime rate
• Local weather patterns

Food service contracting sales in the US

(in million US dollars)

If you own a catering company in the US, it's good to know your competition. The amount of sales made when you are a food service contractor can be helpful to know. 

How Much Product Is Covered with Mississippi Catering Company Insurance?

Your Mississippi catering company will most likely need coverage for products and property. The food you serve and the equipment used to make, transport, and hold the items should be insured. 

If you have a property policy, you will have coverage for your product. One crucial limit you'll want to add is spoilage and food-borne illness protection. When a customer gets sick as a result of your product, you'll be liable. 

Will My Mississippi Location Impact My Rates?

Mississippi has a population of 2,990,468 residents. While more people means more business, the location of your catering company will affect your insurance costs. Carriers look at multiple factors when assigning rates, and location is one of them. 

If your catering company is mobile, then the territory in which you travel will be a price-determining item. Another policy that you'll want to consider is flood insurance. The flood zone could increase your insurance costs as well. 

How an Independent Insurance Agent Can Help in Mississippi

When you're shopping for the right Mississippi catering company policy, consider using a licensed professional. You will have multiple options when it comes to protecting your assets. To ensure you're obtaining adequate protection, review your policies for accuracy.

Fortunately, a Mississippi independent insurance agent can help with coverage for an affordable price. They do the shopping for you at no additional cost. Connect with a local expert on TrustedChoice to get started.