NEXT offers the best professional liability insurance in Mississippi at affordable rates and with strong customer support. The Hartford takes second place, while Simply Business rounds out the top three providers.
Professional Liability Insurance in Mississippi
NEXT earns the highest score of 4.73 out of 5 in our analysis of the best professional liability insurance in Mississippi.
Get the top professional liability insurance provider for your business needs in Mississippi.
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Updated: October 27, 2025
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Best Professional Liability Insurance in Mississippi: Key Takeaways
NEXT is our top pick for professional liability insurance in Mississippi, followed by The Hartford and Simply Business.
Your industry risk, client contracts, potential claim costs and budget determine the best Mississippi professional liability insurance for you.
Assess your needs first, then compare quotes from multiple providers to find the best professional liability insurance in Mississippi.
Find Insurance for Your Business
Select your industry and state to get a customized quote.
Industry
State
Best Professional Liability Insurance Companies in Mississippi
| NEXT Insurance | 4.73 | $73 |
| The Hartford | 4.66 | $71 |
| Simply Business | 4.51 | $76 |
| Coverdash | 4.45 | $78 |
| Nationwide | 4.45 | $82 |
| biBERK | 4.43 | $80 |
| Progressive Commercial | 4.39 | $75 |
| Hiscox | 4.36 | $77 |
| Thimble | 4.25 | $77 |
| Chubb | 4.25 | $89 |
How Did We Determine These Rates and Rankings?
These rates are estimates based on MoneyGeek's proprietary analysis of small businesses with two employees across 79 major industries and should not be considered quotes. Your actual rate will differ based on business-specific factors. Contact insurers directly for accurate pricing tailored to your business needs.
LEARN MORE ABOUT BUSINESS INSURANCE
Professional liability coverage alone won't fully protect Mississippi businesses from every risk. Smart business owners explore additional coverage types that work together to create comprehensive financial protection.
Best Mississippi Professional Liability Insurance Reviews
Most professionals need professional liability insurance, but not all providers offer the same value. We've broken down what differentiates these top providers and why they made our list for Mississippi businesses.
NEXT
Overall Best Provider
MoneyGeek Rating
4.7/ 5
4.7/5Affordability
4.7/5Customer Experience
4.8/5Coverage Points
Average Monthly Premium
$73These rates are for small businesses with two employees across 79 major industries or business types and focus solely on professional liability policies.Our Survey: Claims Process
3.9/5Our Survey: Recommend to Others
4.8/5
The Hartford
Runner-Up for Best Provider
MoneyGeek Rating
4.7/ 5
4.7/5Affordability
4.6/5Customer Experience
4.7/5Coverage Points
Average Monthly Premium
$71These rates are for small businesses with two employees across 79 major industries or business types and focus solely on professional liability policies.Our Survey: Claims Process
4.5/5Our Survey: Recommend to Others
4.5/5
Cheapest Professional Liability Insurance Companies in Mississippi
The Hartford offers cheap professional liability insurance in Mississippi at $71 monthly ($857 annually). NEXT provides another affordable option for business owners at $73 per month.
| The Hartford | $71 | $857 |
| NEXT Insurance | $73 | $871 |
| Progressive Commercial | $75 | $905 |
| Simply Business | $76 | $915 |
| Thimble | $77 | $925 |
| Hiscox | $77 | $928 |
| Coverdash | $78 | $933 |
| biBERK | $80 | $956 |
| Nationwide | $82 | $985 |
| Chubb | $89 | $1,068 |
How Did We Determine These Rates?
These rates are estimates based on MoneyGeek's proprietary analysis of small businesses with two employees across 79 major industries and should not be considered quotes. Your actual rate will differ based on business-specific factors. Contact insurers directly for accurate pricing tailored to your business needs.
Average Cost of Professional Liability Insurance in Mississippi
Professional liability insurance costs $78 monthly ($934 annually) in Mississippi, matching the national average. Mortgage brokers pay the highest rates at $165 per month, while florists pay just $37 monthly. Your actual premium depends on factors like business location, claims history and coverage limits.
| Accountants | $147 | $1,762 |
| Ad Agency | $100 | $1,196 |
| Auto Repair | $82 | $984 |
| Automotive | $76 | $916 |
| Bakery | $53 | $638 |
| Barber | $43 | $518 |
| Beauty Salon | $48 | $576 |
| Bounce House | $58 | $698 |
| Candle | $41 | $495 |
| Cannabis | $121 | $1,450 |
| Catering | $78 | $936 |
| Cleaning | $54 | $651 |
| Coffee Shop | $61 | $734 |
| Computer Programming | $104 | $1,248 |
| Computer Repair | $62 | $741 |
| Construction | $78 | $941 |
| Consulting | $107 | $1,284 |
| Contractor | $63 | $753 |
| Courier | $50 | $602 |
| DJ | $46 | $550 |
| Daycare | $108 | $1,295 |
| Dental | $82 | $982 |
| Dog Grooming | $56 | $670 |
| Drone | $107 | $1,280 |
| Ecommerce | $61 | $729 |
| Electrical | $64 | $762 |
| Engineering | $105 | $1,259 |
| Excavation | $69 | $824 |
| Florist | $37 | $441 |
| Food | $110 | $1,314 |
| Food Truck | $59 | $703 |
| Funeral Home | $82 | $984 |
| Gardening | $40 | $483 |
| HVAC | $81 | $975 |
| Handyman | $55 | $660 |
| Home-based business | $37 | $450 |
| Hospitality | $75 | $904 |
| Janitorial | $50 | $606 |
| Jewelry | $61 | $733 |
| Junk Removal | $67 | $809 |
| Lawn/Landscaping | $52 | $622 |
| Lawyers | $148 | $1,777 |
| Manufacturing | $60 | $718 |
| Marine | $88 | $1,053 |
| Massage | $107 | $1,288 |
| Mortgage Broker | $165 | $1,980 |
| Moving | $83 | $993 |
| Nonprofit | $49 | $591 |
| Painting | $63 | $755 |
| Party Rental | $55 | $665 |
| Personal Training | $70 | $840 |
| Pest Control | $96 | $1,153 |
| Pet | $46 | $553 |
| Pharmacy | $58 | $694 |
| Photography | $64 | $772 |
| Physical Therapy | $94 | $1,127 |
| Plumbing | $92 | $1,107 |
| Pressure Washing | $58 | $692 |
| Real Estate | $127 | $1,519 |
| Restaurant | $83 | $995 |
| Retail | $55 | $664 |
| Roofing | $99 | $1,184 |
| Security | $101 | $1,215 |
| Snack Bars | $47 | $569 |
| Software | $94 | $1,123 |
| Spa/Wellness | $109 | $1,310 |
| Speech Therapist | $98 | $1,178 |
| Startup | $72 | $863 |
| Tech/IT | $99 | $1,183 |
| Transportation | $97 | $1,161 |
| Travel | $97 | $1,165 |
| Tree Service | $78 | $931 |
| Trucking | $111 | $1,337 |
| Tutoring | $61 | $735 |
| Veterinary | $118 | $1,413 |
| Wedding Planning | $75 | $905 |
| Welding | $78 | $933 |
| Wholesale | $62 | $740 |
| Window Cleaning | $63 | $760 |
How Did We Determine These Rates?
These rates are estimates based on MoneyGeek's proprietary analysis of small businesses with two employees across 79 major industries and should not be considered quotes. Your actual rate will differ based on business-specific factors. Contact insurers directly for accurate pricing tailored to your business needs.
How Much Professional Liability Insurance Do I Need in Mississippi?
Professional liability insurance requirements differ by profession in Mississippi, with some fields like health care and law facing mandatory coverage rules. Even when the state doesn't require it, your coverage amount should match your risk level and clients' expectations. Many higher-risk professions carry at least $1 million per occurrence and $3 million aggregate coverage.
Your coverage decision depends on three factors:
Your Industry Risk
Professional liability risks for accountants preparing tax returns are different than tech consultants in Jackson. Architects working on major developments carry higher stakes than small-town real estate agents. High-risk professions need coverage limits of $1 million or more, while lower-risk fields may adequately protect themselves with $500,000 in coverage.
Client Requirements
Many clients and contracts in Mississippi require proof of professional liability insurance at specific limits before work can begin. Corporations, government contracts and large organizations set minimum coverage levels of $1 million to $2 million for work with state agencies or major employers in Jackson, Gulfport and other business centers.
Potential Claim Costs
Your coverage should reflect the possible financial impact of a lawsuit in Mississippi, where legal fees and damages can vary based on project scope. A minor error in bookkeeping might result in a $10,000 claim, while a design flaw in a commercial building project could lead to six-figure damages plus attorney fees exceeding $100,000. Consider the largest project value you handle and the potential ripple effects of professional mistakes when selecting coverage limits.
How to Get the Best Professional Liability Insurance in Mississippi
Our guide shows you how to get business insurance that matches your Mississippi professional liability needs and budget.
- 1Evaluate Your Risk Exposure
Different businesses face varying liability risks in Mississippi. A local architect typically needs higher coverage limits than an independent marketing consultant. Review your industry standards and client contract requirements to determine appropriate coverage amounts.
- 2Find a Local Agent
Look for an agent who knows Mississippi's business landscape and understands how business insurance cost varies by location and industry. Local expertise helps match your coverage needs with insurers experienced in Mississippi markets. Regional agents often provide more personalized service and faster claim support.
- 3Request Multiple Quotes
Request quotes from at least three insurers, comparing cheap business liability insurance rates and policy terms like exclusions and deductibles. A $1 million policy from one carrier may offer different protections than another's identical limit.
- 4Research Insurance Companies
When researching Mississippi business insurance, look beyond price. Investigate each insurer's financial stability using AM Best ratings and industry reviews. Strong claims handling reputation matters more than low premiums if you face a lawsuit. Choose carriers with proven experience in your specific profession or industry.
- 5Explore Bundle Savings
Many insurers offer discounts when combining other business insurance coverage types with professional liability, like general liability or business owner's policies. Bundling often reduces overall costs while simplifying policy management. Ask agents about available package deals in your area.
- 6Maintain Continuous Protection
Professional liability operates on a claims-made basis, covering only claims filed while your policy remains active. Avoid coverage gaps by securing prior acts coverage or purchasing tail coverage when switching carriers. Lapses leave you vulnerable to unprotected claims.
How to Prevent Professional Liability Claims in Mississippi
Most professional liability claims in Mississippi result from poor communication and vague client expectations rather than actual mistakes. Even small disputes can cost thousands in legal fees. These proven strategies help prevent conflicts and protect your business from expensive claims.
Document Everything
Keep written proof of all client interactions, including email confirmations, scope changes and project approvals. This documentation prevents disputes by providing a clear record of what was agreed upon. Having detailed records protects your business if disagreements arise about project requirements or deliverables.
Use Detailed Contracts With Clear Scope
Create contracts that clearly define responsibilities, timelines and deliverables for every project. Outline what work is included and what falls outside the scope to avoid conflicts over additional services. Well-written contracts serve as your first line of defense against liability claims.
Communicate Project Changes Immediately
Confirm all client-requested changes in writing before proceeding with additional work. Document how these changes affect project timelines, budgets and final deliverables. This practice prevents misunderstandings about extra costs and ensures clients understand the impact of their requests.
Set Realistic Expectations Upfront
Be transparent about project timelines, potential challenges and expected results from the start. Honest communication about your capabilities helps avoid overpromising and reduces the likelihood of client disputes. Setting realistic expectations builds trust and protects against unrealistic demands.
Keep Detailed Project Records
Maintain thorough records of all work performed, decisions made and the reasoning behind your professional choices. This documentation demonstrates your diligence and expertise if your work quality is ever questioned. Detailed records can provide crucial protection during liability investigations or legal proceedings.
Mississippi Professional Liability: Bottom Line
Professional liability insurance selection in Mississippi starts with understanding your business risks and client requirements. NEXT ranks as our top provider, but your industry type, existing contracts and budget should drive your final choice. Assess your coverage needs first, then work with a local agent to compare policies that deliver solid financial protection for your business.
Mississippi Professional Liability Insurance: FAQ
Here are frequently asked questions about professional liability insurance in Mississippi.
What does professional liability insurance cost in Mississippi?
Professional liability insurance in Mississippi ranges from $71 to $89 monthly, depending on your provider. Your premium varies based on your industry's risk level, claims history, coverage limits and business location within the state.
Which professional liability insurance company is best in Mississippi?
NEXT ranks as the top professional liability insurance provider in Mississippi, scoring 4.73 out of 5 for its affordable rates and excellent customer service. The Hartford follows closely at 4.66, while Simply Business rounds out the top three at 4.51, offering solid coverage options for Mississippi businesses.
How much professional liability coverage do I need in Mississippi?
Professional liability coverage needs in Mississippi vary based on your industry's risk level, client contract demands, and potential lawsuit expenses. High-risk professions like architects and consultants need higher coverage limits, while businesses in lower-risk fields may require less protection to safeguard their operations adequately.
Are professional liability and E&O insurance the same thing?
Professional liability and errors and omissions (E&O) insurance both cover mistakes in your professional services. The different names come from industry preferences (lawyers often say E&O while healthcare providers say professional liability) but the financial protection works the same way.
How We Scored the Best Professional Liability Insurance Companies in Mississippi
Professional liability claims can devastate small businesses in Mississippi, potentially forcing them to close permanently. We examined insurers throughout the state to identify which companies provide the most reliable financial protection for businesses at every stage, from new startups to well-established firms.
Our Scoring System
- Affordability (50%): Price drives most small business insurance choices. We gave affordability the highest weight because local businesses need comprehensive protection that fits their budgets without compromising essential coverage.
- Customer experience (30%): Professional liability claims create significant stress for business owners. We analyzed service quality through J.D. Power ratings and reviewed complaint records from the state's Department of Insurance.
- Coverage options (15%): We assessed policy flexibility and exclusions to ensure they address the diverse needs of professional service providers across the region.
- Financial strength (5%): AM Best financial ratings helped us verify that each recommended insurer maintains the financial stability to honor claims when businesses need support most.
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. With over five years of experience analyzing the insurance market, he conducts original research and creates tailored content for all types of buyers. His insights have been featured in publications like CNBC, NBC News and Mashable.
Fitzpatrick holds a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He's also a five-time Jeopardy champion!
He writes about economics and insurance, breaking down complex topics so people know what they're buying.
sources
- Alliance Health. "Provider Insurance Requirements." Accessed November 14, 2025.