• Garage Keepers Liability Coverage
• Commercial Property Coverage
The work that automotive service centers do exposes them to a variety of potential risks, which sometimes include property loss, injuries or worse. Auto repair shop insurance can help financially protect service centers in the event of a covered catastrophe or other incident.
Auto repair shop insurance is a specialized type of commercial insurance that has been uniquely crafted to meet the needs of automotive service centers. Because these businesses commonly face multiple significant risks, most of these policies come as multi-coverage package policies.
Broadly speaking, the majority of Vermont businesses that repair vehicles should consider purchasing an auto repair shop or auto body shop insurance policy. The two terms are frequently interchangeable, since auto service centers and auto body shops face similar risks and need comparable coverages.
A few examples of particular businesses that might benefit from carrying an auto body shop insurance policy include:
There are many coverages that auto repair shop policies might include as standard protections or make available as optional offerings. Some of the more widely available protections include:
Coverage options aren’t the same in all policies, and many policies may offer other coverages that aren’t mentioned here. An insurance agent who specializes in auto body shop insurance and similar policies can help service centers figure out which coverages are most important for their situation.
Our business was with the same trusted agent for over 20 years. Mike Bancroft offered to evaluate our policies and see if he could save us some money on both Workmen's Comp and general liability. He did, and in the process even moved us to better coverage. Mike also offers a superb quality of service. Cannot recommend highly enough.
Mike Bancroft has been great to work with. He has assisted with my Business Auto, Tool Coverage, Homeowners and all other types of insurance needs. I wouldn't be surprised if they change their name to Paige, Campbell & Bancroft soon!
Extremely prompt, personable, and professional service! Despite only needing a workers' comp policy for one employee, Paige & Campbell was very receptive and ensured to shop my policy around to ensure I received a great price that was almost half of what another broker quoted me.
Workers compensation coverage is an important protection that generally insures against on-the-job injuries and illnesses that employees sustain. In the event of a covered injury, workers compensation will usually pay for related medical costs and a portion of the employees’ lost wages.
Since the vast majority of auto service centers have employees, most need to carry workers compensation. Whether this coverage is available through an auto body shop insurance or similar insurance policy depends on the particular policy, though. Service centers sometimes can get workers compensation through an auto body policy, and other times they need to purchase workers compensation separately. A knowledgeable agent can help sort out how to acquire the coverage.
Premiums for auto repair shop policies are based on many factors, and policies’ rates often vary as a result. Some of the items that might affect how much a particular auto repair shop policy costs include the:
If you have an auto service center in Vermont that needs insurance, contact the independent insurance agents of Paige & Campbell Insurance. Our agents can help you decide what coverages to look for in an auto repair shop insurance policy, and they have the flexibility to show you multiple policy options that meet your service center’s coverage needs. With our assistance, you can be confident that your service center is protected from many potential risks.
Barre
P.O. Box 469
297 North Main Street
Barre, VT 05641
(802) 476-6631
Bradford
P.O. Box 392
25 North Main Street
Bradford, VT
(802) 222-5222
Waitsfield
5197 Main Street, Suite 3
Waitsfield, VT 05673
(802) 496-3118
This material is for informational purposes only. All statements herein are subject to the provisions, exclusions and conditions of the applicable policy, state and federal laws. For an actual description of coverage, terms and conditions, please refer to the applicable insurance policy or check with your insurance professional. The illustrations, instructions and principles contained in the material are general in scope and, to the best of our knowledge, current at the time of publication.
Mike Bancroft is simply an amazing agent. When my business got burglarized, I was so upset and didn't know what to do. I contacted Mike and he was very prompt in calling me back and he put my mind at ease. He made me feel so much better and handled all of the paperwork immediately. His customer service is top notch and I highly recommend him to be your insurance agent!