• 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.
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.