Insurance as unique as the vehicles you work on.

As useful as standard business insurance policies may be, they aren’t always adequate for the specific risks that a garage repair shop faces. What sets your business from others primarily is that you work on and store your customers’ vehicles. This exposes your garage repair shop to many risk factors, but having the right policy in place can protect your business.

Different risks than most other businesses.

At the simplest level, you need to be protected against damage to customer vehicles stored on your premises, whether it is from fire, vandalism, theft, or other hazards. You might only be doing a couple of hundred dollars worth of work on a car, but if you have to spend tens of thousands replacing it, the effects could cripple your business.

Protection from claims of faulty repairs.

You should also consider professional liability coverage that protects you against claims for damage to a car caused by mistakes and/or omissions by your staff. In extreme circumstances, this could include not just the cost of fixing the flawed repairs, but also costs that arise from a crash that’s blamed on the faulty repair.

Coverage for your garage and lost income.

Remember to also look for coverage for lost income. If you have a fire, it’s not much use having an insurer pay all the costs of rebuilding the workshop if you lose all your customers in the meantime and your cash flow is irretrievably damaged.

To protect your garage repair shop, contact us today.