Garage or auto body shops who provide mechanical and repair services to peoples’ vehicles needs this insurance coverage. You may have an expensive vehicle in your custody which needs to be fixed, you may also have a vehicle that is technologically advanced and quite expensive under your care. As a garage or body shops owner its your responsibility to make sure the vehicles under your care is protected from risks like Theft, Attempted Theft damages, damages or accidents occurring while testing the vehicles.
For example you have recently fixed a Mercedes Benz and asked one of your employees to get the vehicle back to the original owner. While delivering the vehicle to the original owner your employee gets into an accident, there are damages on the vehicle, damages to third party. These are all stuff that you need to have coverage for.
Garage Auto Insurance Policy covers few things. Lets see one by one.
Garage Liability Insurance
Any liability that can arise from a vehicle under your care and custody is covered under Garage Liability Insurance. Liability can arise from operating the vehicles, or while repairing the vehicles etc.
Commercial General Liability
Any liability arising from operations of the business is covered under commercial general liability. When you take a lease for a premises that you want to operate your garage on you will need to provide Commercial General Liability coverage proof to the landlord of the property. Generally 2 Million or 5 Million dollar is the liability coverage you can buy.
Crime Coverage
Very important coverage when you are operating a business by hiring employees. They can get involve in theft or fraud or forgery etc. These kinds of stuff is covered under the crime coverage.
Other Coverages
Other coverages include
- Commercial Property Coverage
- Pollution Liability Coverage
- Coverage for Cyber Crime and Liability
- Equipment of your garage gets coverage incase of theft etc.
- Physical damage coverage on vehicles under your custody
Who needs Garage Auto Coverage
- Auto Body Shops
- Auto Body Painters and Detailers
- Car Washes
- Oil change garages
- Service Stations
- Repair Facilities
- If you have Service Plates
- Glass or wind shield repair facilities