Garage Liability Insurance (Business Liability)
Just like regular business liability insurance, a garage liability insurance policy covers an auto repair shop against lawsuits and medical costs arising from the injury of someone while on the premises. Unlike regular office buildings, auto repair shops often produce more severe injuries so special liability policies are included to provide the necessary protection for your company.
Garage Keepers Insurance
While liability protects you from lawsuits, you still need to provide protection for your customers’ cars while they are at the auto repair shop. There are varying degrees of protection available, such as limited protection that only pays for damages for which you’re legally responsible or full protection regardless of legal liability.
Business Auto Insurance
Chances are you or your employees will have to test drive the vehicles to ensure that they are working correctly. In this case, you will need to purchase a commercial auto insurance policy that will protect your employee, your customers’ car, and your business in case an accident does occur. Business auto insurance policies also provide protection in case your employee needs to run out and pick up a part for a car, get supplies or go on a lunch run and gets into an accident.
Business Interruption Insurance
Also known as loss of income insurance, business interruption insurance helps keep you in business when unexpected events occur. If the unthinkable does happen and your entire business is destroyed, you will still need to pay the bills, including paying employee wages, rent or mortgage, suppliers, taxes. And you’ll probably need to supply yourself some income, too. Business interruption insurance can help keep your business afloat as well as pay for a temporary site if the need arises.
Workers' compensation is a form of insurance providing wage replacement and medical benefits to employees injured in the course of employment in exchange for mandatory relinquishment of the employee's right to sue his or her employer for the tort of negligence.
Business Property Insurance
A business property insurance policy can protect your auto repair shop against damages to your property from fire, earthquakes, vandalism, theft, storms, and accidents. The property includes more than just the building; it includes outdoor signage, fencing, furniture, or inventory.
Property and Equipment Insurance
While business property insurance will protect your auto repair shop building, you’ll still want to have additional coverage for the special equipment in case of power surges, mechanical breakdowns, burned out motors, or if your employee accidentally does something that causes the equipment to fail.
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Fort Worth, TX 76140
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