There are 257,404 small businesses in Mississippi alone. Multiple risks will have to be taken into account when you run a company. Mississippi business insurance will have coverage for your daycare and all that goes with it.

Fortunately, a Mississippi independent insurance agent can help you find a policy that suits your needs and budget. They have access to a network of carriers so that you have options. Connect with a local expert to get started today.

What Is Daycare Insurance?

Your Mississippi daycare insurance will come in many different forms. Since you're offering child services, you'll need very specific coverage. Check out some common policy choices for daycare insurance below:

• General liability
• Business property
• Sexual misconduct
• Commercial umbrella liability
• Workers' compensation
• Employment practices liability

Percentage of families with children in daycare in the US in 2015, by state

Daycares in the US are in high demand. It's essential to know how your commercial insurance works when running an operation.

What Does Daycare Insurance Cover in Mississippi?

When your business has to do with childcare, there are multiple policies you'll need for adequate protection. Let's look at common coverage for daycares:

• Coverage for claims for bodily injury or property damage
• Coverage for your business property that is damaged due to a covered loss
• Coverage for sexual misconduct 
• 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 disgruntled employees that sue due to discrimination or harassment

These perils are automatically included on your daycare policies in most cases:

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

How Much Is Daycare Insurance in Mississippi?

Each daycare policy will have unique pricing based on your day-to-day operations. In Mississippi,  $3,120,632,000 in commercial insurance claims were paid paid 2019 alone. Carriers look at a variety of factors when calculating your costs. Take a look at what companies consider when quoting:

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

How Much Property Is Covered under Daycare Insurance in Mississippi?

Mississippi commercial insurance will have protection for many different losses. Damage to your structure or business belongings will have coverage under your property insurance. Theft and vandalism are automatically covered unless stated otherwise.

US reported property crime rate from 1990 to 2019 (per 100,000 population)

If you have a daycare, safety is vital for your property and customers. Your daycare insurance will respond to a theft or vandalism loss in most cases.

Will My Mississippi Location Impact My Rates?

Mississippi is home to 2,990,468 residents. The more people that are in your area, the better traffic you'll have to your business. Where your daycare is located can have an impact on your insurance costs as well. 

Carriers look at local crime rates, weather patterns, and more when determining premiums. Your location will be assigned a flood zone based on how likely you are to have a loss. You'll need a separate flood insurance policy to cover your risk.  

How an Independent Insurance Agent Can Help in Mississippi

When you operate a business in Mississippi, you're responsible for all the what-ifs. Since there are several coverages to choose from, consider using a trusted adviser. Daycare insurance can come with numerous policy options and should be reviewed for accuracy.

Fortunately, a Mississippi independent insurance agent has access to A-rated carriers so that you don't have to go it alone. They'll do the shopping for you at no additional cost, saving you time and premium dollars. Connect with a local expert on TrustedChoice for custom quotes in minutes.