If you're the owner of a company, you'll have to account for all that could go wrong. Several exposures await every operation, and having adequate protection is necessary. Your Mississippi business insurance will have a general liability policy as its primary coverage.

Fortunately, a Mississippi independent insurance agent can help with policy and premium options that are affordable. They know how to find insurance that fits your needs and your budget. Connect with a local expert for custom quotes in minutes. 

What Is Liability Insurance Coverage?

Your assets and daily operations will set the bar for how much protection your business needs. Liability insurance is one of the primary policies where most companies start. All liability policies will have the same foundational coverages:

• Liability insurance: Will pay for a lawsuit arising out of bodily injury, property damage, or slander. It can be obtained for business and personal use. 

What Is Mississippi Commercial General Liability Insurance?

In Mississippi, general liability insurance is necessary for all businesses. It is the central policy from which all your other coverages are built as well. Some losses where it could apply are:

• A customer slips and falls on the premises.
• A building catches on fire.
• A product is improperly installed, causing a water loss.

Value of business-to-consumer general liability insurance premiums in the US

(in billion US dollars)

For exact general liability pricing, you'll have to obtain quotes on your business's specifications. A professional can help with accurate pricing. 

What Is Mississippi Professional Liability Insurance?

For lawsuits arising from negligent advice or consulting, a professional liability policy is crucial. This type of policy is typically used for businesses that are in an advisory role. Some industries where professional liability applies in Mississippi are as follows:

• Accountants
• Lawyers
• Real estate agents
• Insurance agents
• Financial advisers
• Business brokers

What Is Mississippi Employment Practices Liability Insurance Coverage?

If you hire staff to help your Mississippi business run, there are specific policies you'll want to obtain. Like a workers' compensation policy, employment practices liability insurance will protect you from employee-related losses. Check out what it covers:

• Employment practices liability insurance or EPLI: Pays for a lawsuit filed by a disgruntled employee due to discrimination or sexual harassment in some form. 

What Is Liability Coverage on Your Mississippi Home Insurance Policy?

Mississippi homeowners liability insurance will protect your personal assets and the liability of all household members. Take a look at some instances where this coverage could apply:

• A guest or trespasser injures themselves on your property.
• Your tree falls and damages your neighbor's roof.
• You have a pool party, and a guest drowns.

Average homeowners insurance premiums in the US

While your home liability insurance is separate from your business's general liability policy, it functions the same. It's vital to know how your different liability policies work. 

What's the Difference between Full Coverage and Liability Insurance in Mississippi?

Full coverage in Mississippi speaks to your personal or commercial auto policies. Auto insurance is required in Mississippi, but liability-only is mandated, whereas full coverage will have to be added. Take a look at the difference:

• Liability-only insurance: This is just liability coverage at the amount preselected for your auto policy. It will pay for bodily injury per person, per accident, and property damage of another party. 
• Full coverage insurance: This will include additional coverages that protect you on the road. Things like comprehensive, collision, towing, and more are among the optional coverages you can select.

How a Mississippi Independent Insurance Agent Can Help

If you own a business in Mississippi, then sufficient coverage is necessary to avoid financial ruin. There are several different policy types your operation may need for complete protection. Fortunately, a trusted adviser will review your coverage for free.

A Mississippi independent insurance agent can help you find an affordable policy through their network of carriers. They do the shopping at no additional cost, saving you time and money. Connect with a local expert on TrustedChoice to get started.