The cost of commercial insurance rose in 2021, according to the this Commercial Lines Insurance Pricing Survey (CLIPS).
CLIPS looks back at the prices for commercial property & casualty insurance. The survey includes 41 insurers, or about one-fifth of the U.S. commercial insurance market. Garage insurance in Mississippi and elsewhere represents a significant cost for repair shops, according to Repairer Driven News. Coupled with the recent rise in inflation, it makes it more essential than ever to find affordable garage insurance in Mississippi.
According to the CLIPS survey, although nearly all types of insurance have gone up, the most expensive increases occurred in:
This makes it critical to find experienced, independent agents, such as those at Hawsey Insurance, to provide your garage insurance in MS.
Lawsuits against auto repairers have also settled for hundreds of thousands or millions of dollars. Here are two examples:
The examples above don’t even include lawsuits filed for slips and falls and other incidents that can occur in a garage setting.
Without the right insurance in place, your shop could be on the hook for damages awarded to customers. However, it’s not too late to amend your existing policy with advice from experienced commercial insurance agents.
To find the most comprehensive and affordable garage insurance in Mississippi, partner with Hawsey Insurance. Our team can review your current coverage and make suggestions for changes. If you’re looking for new insurance providers, we can help you assess and select the most affordable coverage for your business.
Are you concerned about the rising cost of commercial insurance? Hawsey Insurance agents can help you find the right garage insurance in MS. Contact us today to schedule an appointment at one of our three locations, in Jackson, Madison, or Southaven, MS.