Finding the best general liability insurance in Mississippi requires careful consideration of various factors. These include coverage options, pricing, financial strength and customer satisfaction.

After thorough research, The Hartford emerged as the best overall company for general liability insurance in the state. It offers a cost of $43 per month for limited liability companies (LLCs) with 20 employees and $30 per month for sole proprietors with no employees.

The cheapest company in the state is Next, which offers a monthly cost of $28 for LLCs with 20 employees. Sole proprietors with no employees pay $25 per month for coverage.


Best Overall General Liability Insurance in Mississippi

The Hartford is the top-ranked company for general liability insurance in Mississippi, with a MoneyGeek score of 92 out of 100. The table below displays the cost and MoneyGeek score for all evaluated companies in Mississippi, providing valuable information for business owners searching for the best general liability insurance to meet their specific needs.


Cheapest General Liability Insurance in Mississippi

Next is the most affordable general liability insurance company in New York, with average rates of $28 per month for LLCs and $25 per month for sole proprietors.

Our affordability score considers the monthly costs for both entity types, allowing us to rank companies accordingly. However, it's worth noting that the winner may not always have the lowest cost for both types of entities.


Best General Liability Insurance for Employers in Mississippi

Nationwide ranks best for employers in our general liability insurance study, earning a MoneyGeek score of 96 out of 100. The average monthly cost for LLCs with 20 employees is $41.

It's worth noting that the number of employees plays a significant role in the cost of general liability insurance. Businesses with fewer than 20 employees can generally expect to pay less than the average cost, while those with a larger employee count may incur higher premiums.


Best General Liability Insurance for Sole Proprietors in Mississippi

biBERK ranked as the best insurer for sole proprietors with a MoneyGeek score of 97 out of 100. Rankings are based on the average cost for sole proprietors with no employees costing only $23 per month. However, costs could be higher for sole proprietors in riskier industries, such as construction.


Do You Need General Liability Insurance in Mississippi?

While general liability insurance may not be legally required at the state level, business owners should still consider purchasing it for their protection. General liability coverage provides financial security by safeguarding businesses from potential lawsuits and claims of property damage or bodily injury. It covers legal fees, medical expenses and damages, allowing business owners to focus on their operations without the burden of significant financial liabilities. Additionally, even though it may not be mandatory to operate, general liability insurance could be required to obtain business licenses or secure contracts in specific industries.

In Mississippi, businesses are required to have workers' compensation insurance if they have five or more employees. Regarding commercial auto insurance, Mississippi requires all registered business vehicles to have liability coverage. The minimum liability limits are set at $25,000 per person for bodily injury, $50,000 per accident for bodily injury and $25,000 per accident for property damage.

Understanding and adhering to these business insurance requirements in Mississippi is crucial for business owners to operate legally and protect their interests.

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Mississippi offers a resource program called the Mississippi Small Business Development Center (MSBDC), which provides a wide range of support services to small business owners. They provide one-on-one consulting, workshops on topics like business planning and marketing, assistance with specialized financing and access to resources for starting, growing and managing a small business in Mississippi.

How Much Is General Liability Insurance in Mississippi?

In Mississippi, the average monthly cost of general liability insurance is $61 for LLCs and $27 for sole proprietors. The policy limits set are a $2 million aggregate limit, a $1 million occurrence limit and a $0 deductible.

The aggregate limit refers to the maximum amount the insurance will pay for all claims during the policy period, while the occurrence limit is the maximum amount it will pay for a single claim. The deductible is how much the business must pay out of pocket before the insurer starts paying claims.

Factors That Impact General Liability Insurance Costs in Mississippi

The cost of general liability insurance varies for each business depending on several specific factors. These factors play a crucial role in determining coverage costs and premiums.


Frequently Asked Questions About General Liability Insurance in Mississippi

In Mississippi, business owners should consider buying general liability insurance. To assist business owners in finding the best and most cost-effective insurance providers in the state, we have compiled responses to frequently asked questions.

The Hartford is recognized as the top provider of general liability insurance in Mississippi. It offers exceptional coverage options and strong financial stability. However, the best insurance provider may vary depending on factors such as business size, employee count and specific coverage requirements.

Next is recognized as the provider of the cheapest general liability insurance in Mississippi. They offer competitive pricing and reasonably fast quotes. It's important to note that the cheapest insurance provider may vary depending on factors such as business location, employee count and other individual considerations.

General liability insurance in Mississippi provides coverage for claims related to third-party bodily injury, property damage and personal injury. It typically also covers legal expenses, medical costs and property repairs or replacements.

Mississippi does not have a specific state law mandating businesses to carry general liability insurance. However, certain professions or industries may have specific insurance requirements based on licensing or contractual agreements.

About Melissa Wylie

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Melissa Wylie is a Content and SEO Manager at MoneyGeek. Melissa has worked in the financial content space since 2018 and has spent much of that time focused on all things small business.

Prior to joining MoneyGeek, Melissa held SEO positions at Bankrate and LendingTree. Melissa’s work has also appeared on LendingTree-owned websites ValuePenguin and MagnifyMoney.

Melissa began her career at American City Business Journals in 2015 as a reporter for the company’s women-focused publication Bizwomen. Melissa has a Bachelor of Arts in Journalism from the University of North Texas. Melissa relies on her foundation in journalism to craft content that simplifies complex financial topics to help everyone feel confident when making decisions with their money.

Melissa's other work can be read on LendingTree and Bizwomen.