Any business in Mississippi with five or more employees must carry workers’ compensation insurance. However, it’s not as clear-cut as you might assume. Only “regularly employed” workers qualify for workers’ compensation coverage. The state also exempts a broad range of other individuals.
While workers’ compensation insurance will come at a cost, it does not have to be exorbitant. The average workers’ comp rate in Mississippi is $3.22 per $100 of payroll.
You can learn more about Mississippi’s workers’ comp rates here.
Protecting your business and your employees is important, but it’s also essential to save money where you can. Just a few of the ways you can reduce your liability-related costs when it comes to workers’ comp insurance include:
Businesses have three options for purchasing workers’ compensation insurance in Mississippi.
Mississippi takes failure to comply with state workers’ comp laws seriously. You could face a fine of up to $1,000, criminal charges leading to jail for a year, or both jail time and financial penalties.
The state may also require that your business pay for all of a worker’s related medical bills and lost pay.
Start by filling out a short online form about your business. We’ll use that info to get you an estimated quote. Then, one of our experienced agents will contact you to review the quote and make sure you are getting the absolutely lowest rate possible for your business. Once the quote is finalized, you’re ready to buy the policy - often with coverage starting that day!
Unlike other online insta-quote systems,
here your quote is reviewed by experts