Businesses in the auto field all need insurance policies to prevent any legal, financial, or medical issues. Whether it’s a tire shop or an auto repair store, buying garage keeper liability insurance and/or garagekeeper’s insurance policies can make a huge difference in the longevity of the company.
• Basic Garage Liability Insurance Coverage- Basic garage liability insurance generally covers medical injuries sustained/company owned property damage within the confines of the shop. This includes slip and fall incidents or tool malfunctions and coverage extends until the policy’s coverage ceiling.
• Additional Coverage Options- Outside of typical coverage options, garage liability insurance can cover auxiliary issues like implications from faulty machinery, faulty products and off-site company vehicles. Naturally, these issues are only covered if the coverage limit matches with the total damages.
• Garagekeeper’s Insurance- What many don’t know is that garage liability insurance won’t cover all types of damages that occur within the confines of the shop. Without garagekeeper’s insurance, the company would have to pay out of pocket for any damages to individually owned cars while in the shop. Whether it is a fire or damage from maintenance, garagekeeper’s insurance is an absolute necessity to purchase in conjunction with garage liability insurance.
• Pricing- Pricing is ambiguous from company to company. Usually, insurance firms will use a series of metrics to evaluate premiums- driving records, past incidents, coverage options, business type and security. Most good insurance companies will offer a variety of services and options to suit your needs. For example, an auto shop would need to purchase garage liability insurance with some additional options plus garagekeeper’s insurance in order to cover all possible harms.
The Boardwalk Insurance Group has built a reputation on its knowledge, happy consumer base and vast experience. If you are in the market for a quality insurance company, look no further than Boardwalk.