AUTO REPAIR SHOP INSURANCE IN VERMONT

What is Auto Repair Shop Insurance?

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.

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What Vermont Businesses Should Consider an Auto Repair Shop Policy?

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:

  • Oil change centers
  • Independent garages and mechanics
  • Specialty repair centers
  • Body and collision repair centers
  • Motorcycle repair centers
  • Diesel repair centers

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What Coverages Do Auto Repair Shop Policies Make Available?

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:

  • General Liability Coverage, which may cover common accidents that take place on a service center’s property and cause injuries to non-employees
  • Garage Keepers Liability Coverage, which may cover non-company vehicles that are kept on a service center’s property
  • Commercial Property Coverage, which may cover a service center’s building, equipment, tools and supply inventory
  • Crime Coverage, which may specifically cover instances of theft by burglars or employees
  • Commercial Auto Coverage, which may cover vehicles an auto service center owns, possibly including tow trucks and loaner cars
  • Business Interruption Coverage, which may cover revenue losses that occur while a service center is rebuilt after a disaster

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.

Do Auto Service Centers Need Workers Compensation Coverage?

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.

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How Are Premiums for Auto Repair Shop Policies Calculated?

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:

  • Location of an auto service center
  • Type of work an auto service center does
  • Number of vehicles an auto service center repairs
  • Number of claims an auto service center files
  • Coverages, deductibles and limits an auto service center needs

How Can Auto Service Centers in Vermont Get Auto Repair Shop Insurance?

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.

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Offices:

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

Bristol
P.O. Box 286
35 West Street
Bristol, VT 05443
(802) 453-6600

Waitsfield
5197 Main Street, Suite 3
Waitsfield, VT 05673
(802) 496-3118


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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.
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