Almost everyone knows how to spell Mississippi, but not everyone knows that the state’s name comes from the Ojibwe word misi-ziibi which means “Great River.” Many people also don’t realize the substantial impact that small businesses have on the state’s economy.
When it comes to economic well-being, small businesses with fewer than 500 employees are at the heart of Mississippi’s workforce. The state’s 48,000 small businesses employ around 447,000 people. The largest number of Mississippi’s small businesses fall into the health care and social assistance category. This is followed by retail trade, accommodations and food services, and manufacturing. Other business sectors that are also present in the state are involved in forestry, mining, and information services.1
State law requires that all employers with five or more employees are required to provide workers’ compensation insurance coverage. For those with fewer than five employees, coverage is not mandatory but may be obtained voluntarily. Farm and domestic labor is not covered under the law and employees of non-profit fraternal, charitable, and religious organizations are also exempt2.
Injured workers in the Magnolia State are provided two basic benefits by workers’ compensation: medical benefits required to treat work-related injuries and wage-loss benefits if injuries result in time missed from work.3 In 2012, Mississippi Governor Phil Bryant signed a law which now allows employers to order drug tests when an employee is injured at work. The new law disallows benefits when the cause was related to the use of alcohol, illegal drugs, or improper prescription drug use.
The leading independent businesses purchasing workers’ compensation insurance in Mississippi are auto service and repair shops, restaurants and hotels, professional employers, grocery stores, and golf clubs.
EMPLOYERS is America's Workers' Comp Specialist®, and it provides Mississippi-based businesses with workers' compensation insurance that is cost-effective and affordable. The value added services that EMPLOYERS offers its policyholders include Loss Control Services, Anti-Fraud Programs, and Managed Care Services.
In Mississippi, EMPLOYERS writes policies through Employers Preferred Insurance Company and Employers Assurance Company.
Interested in learning more about how EMPLOYERS can help your Mississippi business? Request a quote for workers’ compensation insurance from EMPLOYERS!
1) “Small Business Profile, Mississippi,” SBA Office of Advocacy, January 2012, www.sba.gov/sites/default/files/ms11_0.pdf.
2) “2013 Mississippi Workers’ Compensation Facts,” Mississippi Worker’s Compensation Commission, 2013, mwcc.ms.gov/pdf/WCFacts2013.pdf
3) “2013 Mississippi Workers’ Compensation Facts,” Mississippi Worker’s Compensation Commission, 2013, mwcc.ms.gov/pdf/WCFacts2013.pdf
In Mississippi, EMPLOYERS writes policies through Employers Preferred Insurance Company and Employers Assurance Company. Not all insurers do business in all jurisdictions.