Commercial Insurance
Small business plays an important role in Mississippi - there are over 244,000 small businesses in the Magnolia State. If you are an owner of one of them, you may have a lot on your mind. Since you probably have invested a lot of effort and time to help your business flourish, getting commercial insurance to protect it is a must.
What You Should Know
The purpose of commercial insurance is to protect your company, including you, as an owner of the business, and your employees. Investing in commercial insurance is smart because it will give back to you in the long run. To help you make the right decision, The Ford Insurance Agency prepared a list of things you should know:
- According to the state's law, if you hire five or more employees (either full- or part-time), you have to have workers' compensation insurance. This coverage covers employees for loss of their income and pays their medical bills if they are injured on the job.
- Several factors impact the cost of business insurance in the Magnolia State, including the size of a business, its location, coverage needs, and the type of business.
- It is not required to carry general liability, cyber insurance, or professional liability. Prospective clients may require business owners to have them before they start working with them.
- If you have any vehicles you use for business purposes, you need to purchase commercial auto insurance to protect them. It covers a driver, vehicle, injuries to a driver and passengers, and bodily injury liability.
We Are Ready to Help
If you are a business owner from Mississippi and you are currently shopping for commercial insurance, the Ford Insurance Agency is ready to help you with the most appropriate coverage based on your insurance needs and budget. Do not hesitate to give us a call to talk to one of our insurance agents and find out about our insurance options.
