In 2019 alone, Mississippi had $3,120,632,000 in commercial insurance claims paid. There are many options when it comes to protecting your operation. Mississippi business insurance will have a garage keepers policy for any company in the auto industry.

A Mississippi independent insurance agent can help you obtain the right policies for your needs and budget. Since they do the shopping for free, you'll save time and premium dollars. Get connected with a local expert and start saving in minutes. 

What Is Garage Keepers Insurance?

If your Mississippi company works on, sells, or services cars, then there are industry-specific coverages you'll want to have. Garage keepers liability will protect your business when a loss occurs that involves a customer's vehicle. Check out what a garage keepers policy covers:

• Garage keepers liability insurance: Pays for the repair or replacement of your customers' vehicles. Any damage that may occur while they are in your care, custody, and control would be included under this policy. If you run an auto repair shop, this coverage will apply when you fix a customer's car or take it for a test drive.

How Much Is Garage Keepers Insurance in Mississippi?

Every insurance company uses your unique risk factors when figuring your insurance costs. Your Mississippi garage keepers pricing will vary based on your operation. Check out what carriers use to determine your garage keepers insurance premium below:

• Your experience level as a business owner
• The amount of coverage you would need
• The value of customer vehicles at any given time
• Safety procedures in place for accessing customer vehicles
• Your loss history
• How long you've been insured

Industry revenue of general automotive repair in the US from 2012 to 2024 (in billion US dollars)

The cost to insure your automotive shop is much less than the industry revenue you may get. It's essential to understand how your coverage works, so you're adequately protected.

What Does Garage Keepers Insurance Cover in Mississippi?

Numerous Mississippi businesses could fall under the category that needs garage keepers coverage. This policy will help protect the main operation of your company, servicing customers' vehicles. Take a look at some examples of industries that garage keepers insurance would apply to:

• Tow truck operators
• Quick lube shops
• Auto body shops
• Auto repair shops
• Valet services
• Auto detailing shops

The types of damage that garage keepers insurance will apply to:

• Fire
• Theft
• Vandalism
• Natural disasters
• Collisions

Garage Keepers Insurance Limits in Mississippi

The limits necessary for a garage keepers policy will vary from company to company. You'll want to account for the maximum value of cars in your care, custody, and control at any given time. This makes the amount your insured for different from another shop down the road.

Personal consumption expenditures on motor vehicle parts and accessories in the US from 2010 to 2018 (in billion US dollars)

Vehicle parts and accessories are a multibillion-dollar industry in the US. If your business provides care for customers' autos, you'll want proper protection for all the what-ifs, so you don't have to pay for a loss out of pocket. 

What Doesn't Garage Keepers Insurance Cover in Mississippi?

It's equally important to know what's not covered under your commercial insurance policies in Mississippi. Garage keepers coverage will come with its own list of exclusions. Some of the most common are listed below:

What your garage keepers insurance won't cover:

• Bodily injury
• Property damage to a non-customer auto
• Business property
• Inadequate workmanship and warranties
• Contents of your customer's vehicle
• Parts & labor

How to Connect with a Mississippi Independent Agent

In Mississippi, there are 257,404 small businesses in existence. If you're one of them, adequate protection for a loss is crucial to avoid financial ruin. Garage keepers liability insurance can help cover your auto-related business.

Fortunately, a Mississippi independent insurance agent works with several carriers at once so that you don't have to. They'll do the shopping for you at no additional cost, providing various options on policies and rates. Connect with a local expert on TrustedChoice.com to begin today.