What Are the Steps to Obtain Commercial Insurance in Mississippi?

At Hawsey Insurance, we cater to growing businesses that need commercial insurance in Mississippi. You may wonder what type of insurance you need to protect your employees and business. It depends on numerous factors, including how many employees you have, the size of your business, and the industry you work in. Sometimes, it’s easier to purchase a package in the form of a business owners policy (BOP) or commercial package policies (CPP). In general, a CPP is more flexible than a BOP. Learn more about how these packages can save you money and which one might be better for you.

Business Owners Policy (BOP)

This type of commercial insurance in Mississippi includes standard policies that we often recommend to wholesalers, retail stores, contractors, and distributors. Our licensed insurance agents can help you determine the exact coverage for your business. However, a BOP typically includes the following basic coverage types:

• Business liability insurance: If someone gets hurt at your business or while using a product you sold, a business liability policy helps pay for medical and legal expenses up to your coverage limit.
• Commercial property insurance: This coverage reimburses you for loss or damage to your building or retail space and its contents, including inventory, supplies, equipment, and other items. For example, if a freak storm destroys the furniture, computers, and mechanical equipment in your office building, commercial property insurance helps pay for the damages or replacement costs.
• Business interruption insurance: This coverage offers financial protection if you have to suddenly close your business due to a covered event.

Commercial Package Policy (CPP)

If you have a larger company or one that potentially faces unique risks, you may need specialized insurance to cover your business. Commercial package policies include additional liability and other types of coverage such as the following:

• Commercial umbrella
• Equipment breakdown
• Crime
• Inland marine
• Errors and Omissions
• Cyber and data
• Employment practices liability

It can be confusing to decide which types of insurance to add to your policy. We are here to help by suggesting coverage specific to your industry or business. Let us tailor a policy that meets your specific needs.

What Type of Business Insurance Do You Need?

When you make an appointment for review of your current commercial insurance in Mississippi, one of our experienced agents will help you discover any gaps in coverage. Keeping in mind your insurance budget and the needs of your business, we may recommend a new policy or ways to amend your existing policy to meet the needs of your growing business.

Book an appointment at Hawsey Insurance to save money with a BPO or CPP for commercial insurance in Mississippi. We have a wide coverage area and serve businesses in Mississippi and the surrounding states.