Auto Repair Shop Insurance

Auto Repair shops generally offer a variety of services, from simple part replacements and tune ups to complete engine overhauls, as well as body work and customizations. A standard Auto Repair shop is also going to have a number of employees with a wide range of specialties to service customers who need work done on their automobile. 

If you are the owner of an Auto Repair shop, you probably already know more than you want to about the risks your enterprise faces on a daily basis. Liability, theft, vandalism, and the risk of one of your employees being injured handling mechanical equipment are probably at the top of your list. Thankfully, you can protect yourself and your shop from these risks, along with many others, by carrying a reliable Auto Repair shop insurance policy.

Types of Auto Repair Shop Insurance

Listed below are the most common types of Auto Repair shop insurance coverages that owners like yourself usually choose to carry:

Auto Repair Shop General Liability Insurance

General liability insurance usually includes coverage for three areas of your business: premises liability, product liability, and completed operations. When all three are in place, these coverages protect you against losses or liability for accidents or incidents that happen on your premises or to vehicles you are servicing. Additionally, your employees are protected from liability if they are involved with any such accident.

Auto Repair Shop Garage Keepers Liability Insurance

Since many of the vehicles on your property will not be fully serviced the same day they arrive, you’ll need to store them for one or more nights on your property. If anything happens to the vehicle while you’re storing it, you could be liable for any damages that occur, whether from accident, robbery, or vandalism. Garage Keeper’s Liability coverage protects your shop from having to cover these costs.

Auto Repair Shop Property Insurance

Your customers’ cars aren’t the only thing on your business premises that have value - your tools, offices, and all the products you keep in stock are important too. Property Insurance for your shop protects all this and more, and covers potential losses from a broad array of potential hazards, including theft, vandalism, fire, natural disasters, or even extreme weather events like hurricanes.

Auto Repair Shop Crime Insurance

The sad truth is that crime is a rising concern among all those working in the automotive services field. Theft and vandalism from outside your store are common enough, but dishonest employee practices, internal theft, and embezzlement are increasingly common. Whether it’s your tools and office equipment or the stereo in a customer’s car, Crime Insurance covers the losses incurred from any such event.

Auto Repair Shop Workers’ Compensation Insurance

Worker’s Compensation covers the losses you and your employees could face from an on-the-job injury. Working around automobiles always presents the risk of injury, and worker’s comp covers both the lost wages and any needed medical care associated with such injury. Remember, worker’s comp isn’t just an important safeguard for your employees, it’s the law - you need to have a policy in place.

Auto Repair Shop Equipment Breakdown Coverage

The vital tools and equipment you use in your shop to service automobiles is expensive, you already know that. What you may not know is that you can purchase insurance to help pay for a replacement if and when they break down. Purchasing all new equipment is extremely costly, so carrying equipment breakdown coverage can save you a lot of money in the long run.

Auto Repair Shop Business Auto Insurance

If you or the workers in your shop use a vehicle for any type of business purposes, Business Auto Insurance is a must. Whether you provide mobile services, delivery, courtesy rides, or even if you just have to drive down to a local supplier and pick up parts, make sure you and your employees have Business Auto coverage.

Auto Repair Shop Business Interruption Coverage

If anything causes you to have to close your shop for any amount of time, this is considered Business Interruption. This could happen as a result of theft or vandalism, malfunctioning equipment, or extreme weather - whatever the cause, if your shop is closed, you’re losing money. Business Interruption insurance covers your losses when such an event occurs.

Having a reliable Auto Repair Shop Insurance plan is a critical part of making sure your business runs smoothly and profitably. You might not be able to control everything that happens in and around your business property, but by having the right insurance you can prevent these unforeseen events from putting your business in jeopardy.