Don't leave everything to chance; keep yourself protected with an insurance
Local drivers depend on you for quality auto repair service to get them back behind the wheel fast. Any number of events can threaten your day-to-day operation. A garage repair shop insurance can help pay for repairs or settle damages that might otherwise seriously threaten your business.
Auto Repair Shop Insurance protects against a variety of liabilities often faced by garage owners and repair shops. These liabilities include things like customer slips and falls or damages resulting from faulty work. A single accident can result in a lawsuit that damages a business beyond repair, so it’s important to have accurate and sufficient coverage in place.
Business property insurance Coverage
It protects you if a fire, vandalism, smoke, theft or other event damages your property.
It provides coverage for lost inventory, office equipment, computers and more. Most business property policies also includes business income coverage. This pays for rent, employee salaries and other expenses if your shop must close temporarily due to an unforeseen disruption.
Commercial General Liability Coverage
It provides protection for most basic liability issues that a garage or auto repair shop could face.
It protects you from the costs of lawsuits related to accidents, property damage and a variety of other mishaps. You will likely want to consider garage liability insurance, which provides several forms of liability insurance more specifically designed for the needs of garage and auto body shop owners.
Business Auto insurance Coverage
It is particularly important for auto repair shops in order to cover any vehicles that your business owns.
This covers all your business auto like Towing vans, vans, etc. In addition, you need non-owned auto insurance if you have any employees who drive their personal vehicles for business purposes.
Workers’ Compensation insurance Coverage
Accidents happen, even in the safest workplaces. Auto repair shops are dangerous places, particularly for the employees who do the work.
Workers’ compensation insurance protects your employees and your business from the costs associated with work-related injuries and illnesses. It provides coverage for medical care and income protection for an injured worker while he or she is unable to work. Workers’ compensation insurance also helps protect employers from lawsuits by injured employees.
Property of others Coverage
An employee gets into a fender-bender while test-driving a customer vehicle he just serviced and damage his/her vehicle.
This coverage protects the business for associated liability. Depending upon how the insurance policy is written, damage to your client’s vehicle itself is usually provided under the garagekeepers portion of the policy.
Businesses that have a physical location such as a garage, parking lot or storage area used to repair or store vehicles usually need garage insurance. This includes:
Automotive repair shops, car mechanics and auto body shops are not only entrusted to fix their customers’ cars, but they are also entrusted to keep those cars safe while in their control. In addition, auto repair shops face the following types of business risk:
You need a variety of business insurance policies to protect your business from these risks. In addition, garage liability insurance and garage keepers insurance help you protect your customers’ property and your business in the wake of accidents, injuries or property damage.
Since garages vary significantly in the services they provide, you must work with independent insurance agent to determine if you need some type of specialty insurance product.
Some of the insurance coverage you should consider are
These special products combine relevant business insurance policies into one comprehensive package that includes coverage such as the following:
To learn more about what we can do for your auto service and repair shop, call us today !
It might be time to switch insurers whenever the service that your existing insurer provides doesn’t meet your needs. For example, if you have a poor claims experience or an unexplained rate increase, it might be time to consider other options
If you cancel a previous policy before a new policy is effective, you could run into some serious financial problems.
Contact us today to help you with multiple options to choose from.
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