Garage Insurance Coverage
Garage liability insurance covers the financial costs associated with medical bills, personal property damage, and legal fees arising from business operations. It also covers products manufactured or sold by the shop.
What Does It Cover?
Garage insurance covers potential injury or property damage as a result of normal business operations. Types of incidents include:
- A customer slips and falls on oil in your shop and breaks their leg.
- A car that’s being worked on, that is hoisted up falls on a customer’s foot.
Garage Liability Insurance Vs. Garage Keepers Insurance
Garage Keepers insurance covers property damage to a customer’s car such as vandalism, theft, extreme weather and other accidental damage which is typically not included in a standard garage liability policy.
Who Needs Garage Insurance Coverage?
- Auto repair shops
- Oil change and lube shops
- Tow truck operators
- Parking garages
- Car dealerships
- Service stations
- Emissions testing sites
- Vehicle painting operators
- Sound repair and installation shops
How Much Is It?
Premiums for garage insurance coverage vary. Insurance carriers consider number of employees, driving records, type of business, shop locations and several other factors when underwriting a potential policy. So remember to compare prices before you buy.