Auto Repair Shop Insurance
Auto Repair Shop Insurance provided by Next Level 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.
17 years in business
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60+ coverage options
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Business property insurance Coverage
Risk Factors
It protects you if a fire, vandalism, smoke, theft or other event damages your property.
Solution
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
Risk Factors
It provides protection for most basic liability issues that a garage or auto repair shop could face.
Solution
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
Risk Factors
It is particularly important for auto repair shops in order to cover any vehicles that your business owns.
Solution
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.
Workersâ Compensation insurance Coverage
Risk Factors
Accidents happen, even in the safest workplaces. Auto repair shops are dangerous places, particularly for the employees who do the work.Â
Solution
Workersâ 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. Workersâ compensation insurance also helps protect employers from lawsuits by injured employees.
Property of others Coverage
Risk Factors
An employee gets into a fender-bender while test-driving a customer vehicle he just serviced and damage his/her vehicle.
Solution
This coverage protects the business for associated liability. Depending upon how the insurance policy is written, damage to your clientâs vehicle itself is usually provided under the garagekeepers portion of the policy.
Property of others Coverage
Risk Factors
An employee gets into a fender-bender while test-driving a customer vehicle he just serviced and damage his/her vehicle.
Solution
This coverage protects the business for associated liability. Depending upon how the insurance policy is written, damage to your clientâs vehicle itself is usually provided under the garagekeepers portion of the policy.
What is Auto Repair Shop Insurance ?
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 itâs important to have accurate and sufficient coverage in place.
Who needs Auto Repair Shop Insurance ?
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
- Body shops
- Tow or impound lots
- Muffler shops
- Transmission shops
- Auto dealerships
- Tire and battery repair facilities
- And many more
Whar are the different types of risks covered by Auto Repair Shop Insurance ?
Automotive repair shops, car mechanics and auto body shops are not only entrusted to fix their customersâ 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:
- Slips and falls
- Worker illness or injury
- Faulty workmanship or parts
- Fire, bad weather, vandalism or theft
- Damage to a customerâs vehicle while in your care
- Employee theft or crime
- Business interruption
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 customersâ property and your business in the wake of accidents, injuries or property damage.
What are the different types of Auto Repair Shop Insurance coverages?
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.Â
Some of the insurance coverage you should consider are
- Business property insurance
- Commercial general liability (CGL) insurance
- Business owners policy
- Employee theft and crime coverage
- Business auto insurance
These special products combine relevant business insurance policies into one comprehensive package that includes coverage such as the following:
- Tow Truck Insurance
- Body Shop Insurance
- Repair Shop Insurance
- Muffler Shop InsuranceÂ
- Radiator Services Insurance
- Transmission Repair Insurance
To learn more about what we can do for your auto service and repair shop, call us today !
Already Have Auto Repair Shop Insurance? Switching is easy
It might be time to switch insurers whenever the service that your existing insurer provides doesnât 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.