How much does contractors tools & equipment (inland marine) insurance cost in Mississippi? (2026)
Contractors Tools & Equipment (Inland Marine) insurance pricing in Mississippi is shaped by the same state-specific bureau loss-cost filings that govern every commercial policy issued in Mississippi. Below: the most-recent Mississippi filings affecting contractors tools & equipment (inland marine) operations, cited to their SERFF tracking numbers — primary-source, government-held pricing records. Read the full national context on the Contractors Tools & Equipment (Inland Marine) cost guide.
Recent rate-filing activity — 1 state filings across 1 commercial line
Commercial carriers can't charge whatever they want — each state's Department of Insurance must approve loss-cost filings before they take effect. These are primary-source, government-held records available on SERFF Filing Access. Cited below: the most-recent active filings affecting contractors tools & equipment (inland marine) operations, with the real SERFF tracking number for each.
| Line | State | Overall change | Effective | SERFF tracking |
|---|---|---|---|---|
| WC | MS | Overall -4.6% voluntary loss cost; -6.7% assigned risk market | Mar 1, 2025 | NCCI-134280820 |
Source: SERFF Filing Access (filingaccess.serff.com) — the official public-records interface for state Department of Insurance filings. Loss-cost changes shown are the overall bureau-wide change in each state; the actual impact on your quote depends on your class code, payroll, experience modifier, and carrier-specific loss-cost multiplier (LCM). Get a quote for your exact numbers.
National context — Contractors Tools & Equipment (Inland Marine) insurance overview
Median small-business Inland Marine premium — the canonical product for contractors' tools, equipment, and materials in transit or on job sites — is $48/month ($576/year) for a typical $50K blanket Tools & Equipment Floater per Insureon's 2024 cost report. Cost scales roughly linearly with coverage limit: $10K limit ~$25/mo, $100K ~$95/mo, $250K ~$220/mo.
Why contractors need this: Commercial Property covers buildings + permanent improvements at a fixed location; General Liability covers third-party bodily-injury + property damage. Neither covers your own tools, equipment, and materials when they're on a job site, in your truck, in transit, or at a temporary location. That gap is exactly what Inland Marine / Tools & Equipment Floater fills. Loss of a $40K mini-excavator from a job site overnight = uncovered without this policy.
Settlement type matters. Actual Cash Value (ACV) is depreciated value — a 5-year-old $30K skid steer might pay out $12K. Replacement Cost (RC) pays the cost to buy new of like-kind quality, typically 5-15% premium uplift but materially better recovery. Specify RC at quote.
More Mississippi rate-filing detail
- All Mississippi commercial rate filings (every line, every recent filing) — the broader rate-data view for Mississippi
- Rate filings by state — directory of all 47+ states with active filings
- National Rate Change Tracker — every filing across every state, sortable
Get a real Mississippi quote for contractors tools & equipment (inland marine)
The data above shows the regulator-filed direction for Mississippi. For your actual quote — based on payroll, experience modifier, and the LCM each carrier files — request a free quote in under 90 seconds.
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