Protect Your Workplace with Commercial Property Insurance
Commercial Property Insurance for Mississippi Businesses
Safeguard your business property from unexpected disasters with commercial property insurance in Mississippi. Whether it's fire, explosions, theft, or vandalism, having the right coverage ensures that your business can recover from the financial impact of such events.
In Mississippi, risks like wind, hail, and floods are common, especially along the Gulf Coast, where hurricanes and tropical storms frequently occur. Make sure your business is protected from these threats.
Be Ready for the Unexpected
Imagine a fire destroying your entire inventory or a burglary damaging your property and causing asset loss. The ability to recover from these events depends on having the right commercial property insurance.
This coverage helps pay for repairs or replacements following covered events like fires, explosions, theft, or vandalism. Additionally, if a covered loss forces you to close temporarily, property insurance can provide business interruption income coverage to help you stay afloat.
Coverage options include:
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Building & Personal Property
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Builders Risk
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Business Income
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Extra Expense
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Legal Liability
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Wind & Hail
Wind & Hail Coverage in Mississippi
While your business owner’s policy (BOP) or commercial property insurance typically covers wind and hail damage, these claims often have percentage-based deductibles. In regions like the Mississippi Gulf Coast, a “named storm” deductible may apply when hurricanes or tropical storms, such as Hurricane Katrina or Hurricane Zeta, are declared by the National Weather Service.
Most insurance deductibles are fixed amounts, such as $1,000. But for wind and hail, deductibles are typically a percentage of the damage, usually ranging from 1% to 5%, depending on the severity of the event. Understanding these details will help ensure you're prepared if a storm strikes.
Flood & Earthquake Protection
Standard commercial property insurance does not cover damage from floods or earthquakes. In Mississippi, where flooding occurs statewide, it's important to consider adding flood insurance to your policy. More than half of flood claims come from low-risk areas. Earthquakes, though less common, still pose a threat, with around 5,000 quakes happening annually across the U.S.
Where to Begin?
Business insurance can be complicated, especially in Mississippi, where weather-related risks are significant. We’re here to help you assess your risks and customize a plan to protect your business. Let’s get started protecting what’s yours.
Click to get a quote online or call us to speak with an agent. We’ll help you protect your business, home, auto, life, and more.