Individuals who own garages, body and auto repair shops, and towing services do much more than transport cars and repair them. They are also responsible for making sure those vehicles are safe while they are on the property of the business owner. Fire, theft, injury, accidents, and other issues must be covered with the garagekeepers and the garage liability insurance Texas insurers sell.
These are two different policies and cover different aspects of the auto repair service business. A liability policy is designed to protect against damage to property or bodily injury that occurs in the regular course of business. Dealerships and auto repair shops routinely take out these types of policies along with other businesses.
This type policy covers a wide range of possible incidents. It protects business owners in the event their equipment somehow damages a customer's property. Owners are protected if a part used in the course of repairing a vehicle, or even a product that was sold to the customer, turns out to be defective and damages a customer's vehicle. Owners are covered if an employee or customer charges them with discrimination. The policy covers employee dishonesty.
A garagekeepers policy covers your business if a customer's vehicle is damaged while it is on your property. This is a separate policy from liability. Garagekeepers insurance covers things like vandalism, theft, fire, and extreme weather. It doesn't include coverage for shoddy workmanship or parts.
Basic garagekeepers policies do not include things that are located inside a customer's vehicle like items found in a trunk or glove compartment. It won't cover any kind of stereo system. You have the opportunity to add personal property located inside a vehicle to your existing policy. This extension doesn't add protection for you. It is more of a goodwill gesture for customers. It is customary to sell the two policies together, but you need to check with the agent to make sure you have both.
Agents recommend that all auto repair shops have the two policies, but there are related businesses than need the coverage as well. They include oil and lube job services, auto glass installers, emissions testing stations, and service stations. Body shops and auto restoration businesses also need the protection. Companies that repair and install sound systems should consider the coverage.
In order to avoid filing a claim, there are some things business owners can do. They can install surveillance equipment and good lighting in order to deter vandals and thieves. Checking fire extinguishers and smoke detectors, as well as installing sprinkler systems, will help. This not only makes your business, and your customer's property, safe, it might help you with discounting the cost of your policies.
There are a number of variables that have to be considered in order to figure the cost of maintaining these policies. Your deductible, limits, and any additional coverage will all affect your monthly premiums. You should contact several companies to get quotes before committing to an insurer.
These are two different policies and cover different aspects of the auto repair service business. A liability policy is designed to protect against damage to property or bodily injury that occurs in the regular course of business. Dealerships and auto repair shops routinely take out these types of policies along with other businesses.
This type policy covers a wide range of possible incidents. It protects business owners in the event their equipment somehow damages a customer's property. Owners are protected if a part used in the course of repairing a vehicle, or even a product that was sold to the customer, turns out to be defective and damages a customer's vehicle. Owners are covered if an employee or customer charges them with discrimination. The policy covers employee dishonesty.
A garagekeepers policy covers your business if a customer's vehicle is damaged while it is on your property. This is a separate policy from liability. Garagekeepers insurance covers things like vandalism, theft, fire, and extreme weather. It doesn't include coverage for shoddy workmanship or parts.
Basic garagekeepers policies do not include things that are located inside a customer's vehicle like items found in a trunk or glove compartment. It won't cover any kind of stereo system. You have the opportunity to add personal property located inside a vehicle to your existing policy. This extension doesn't add protection for you. It is more of a goodwill gesture for customers. It is customary to sell the two policies together, but you need to check with the agent to make sure you have both.
Agents recommend that all auto repair shops have the two policies, but there are related businesses than need the coverage as well. They include oil and lube job services, auto glass installers, emissions testing stations, and service stations. Body shops and auto restoration businesses also need the protection. Companies that repair and install sound systems should consider the coverage.
In order to avoid filing a claim, there are some things business owners can do. They can install surveillance equipment and good lighting in order to deter vandals and thieves. Checking fire extinguishers and smoke detectors, as well as installing sprinkler systems, will help. This not only makes your business, and your customer's property, safe, it might help you with discounting the cost of your policies.
There are a number of variables that have to be considered in order to figure the cost of maintaining these policies. Your deductible, limits, and any additional coverage will all affect your monthly premiums. You should contact several companies to get quotes before committing to an insurer.
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