3 Tips for Choosing the Right Business Insurance in Mississippi

The entrepreneurial spirit has been part of America’s economy for over 200 years. Small businesses have blossomed, creating the nostalgic image of Mom-and-pop stores lining Main Street throughout the towns across the country. Small businesses are the bedrock of America. Yet, there are risks that each company faces, specifically natural disasters, theft, fire, and injuries. Having adequate protection in Mississippi is a necessity. However, navigating the complex world of business insurance can be daunting unless you work with an experienced broker who understands your unique needs.

How to Choose the Right Coverage for Small Businesses in Mississippi

Choosing the right coverage is much simpler when you consider these three aspects:

1. Understand your business risks. Every enterprise is unique and faces its own set of risks. It’s crucial to identify and understand the specific risks you and your employees are exposed to. While every business faces the risk of theft and vandalism, businesses in Mississippi also have to contend with hurricanes and floods. Additionally, the possibility of a customer getting injured on your premises is a real concern. Discussing these risks with your trusted insurance agent, and understanding the value of your business assets, including property, equipment, and intellectual property, is key to determining the right amount of coverage for your situation.
2. Know the key types of business insurance. It helps to understand the different categories of business insurance available to get the best coverage. A few key types include general liability, property, and worker’s compensation. General liability coverage protects your company when there are claims from bodily injury or property damage. Property insurance covers assets like your buildings, interior items, outdoor signs, on-site equipment, and inventory. Another critical type of coverage is worker’s compensation. This coverage is vital and is required by law to protect you and your employees from illness or injury while on the job.
3. Opt for industry-specific coverage. No two businesses are the same, and their insurance needs shouldn’t be either. A landscape contractor has different needs than a daycare professional, and plumbers have different requirements than logging truck companies. That’s why it’s important to have industry-specific coverage that caters to your unique needs. Another way to tailor your policies is to bundle them into a business owner’s policy for cost savings and simplified management. Your trusted broker can assist you in customizing your policies to ensure you get the best protection for your business.

Partner with Experienced Brokers for Mississippi Business Insurance

Choosing the right business insurance coverage for your Mississippi enterprise starts with partnering with the team at Hawsey Insurance. We’ve served small and mid-sized companies in the Magnolia State for decades. We have the experience you deserve and the know-how to aid you in assessing your risk, picking the best policies, and customizing your coverage. From general liability to cyber risk, we’re here for the long haul to support you and your business. Let’s talk today, please give us a call!

Call Hawsey Insurance at 601-856-7707 for your business insurance needs. Feel free to contact us online or make an appointment to stop by our Madison, Jackson, and Southaven, MS offices.