Essential Garage Insurance Coverage: Protecting Your Business

Running an automotive garage involves more than car repairs – it is a balancing act of delivering quality service, protecting your business, and being prepared for the unexpected. With every business, there is inherent risk but the key to success is managing that risk. Comprehensive insurance coverage is an essential component of a long-term risk management strategy for your garage. It provides a safety net to protect you from financial strain caused by accidents, liability claims, or property damage. Understanding and choosing the right insurance coverage will help you protect your garage from potential risks. Below, we take a closer look at 3 important types of garage insurance coverage to consider when tailoring your coverage.

3 Essential Types of Garage Insurance Coverage

General Liability Insurance

Whether you have a small auto repair shop or a large car dealership, general liability insurance is a crucial part of your business’s insurance coverage. This type of insurance coverage provides essential protection in the event of liability or negligence that results in third-party injuries or property damage. Regardless of the legal outcome, this coverage will pay for the costs of an incident up to the policy limits, protecting your business from unanticipated financial burdens.

Garage Keeper’s Insurance: Direct Primary

All garages, regardless of size or location, are required to have Garage Keeper’s Insurance. This coverage protects your customers’ vehicles while they are in your garage, regardless of fault, whether it is caused by an employee or an external party. It gives your customers peace of mind by ensuring that their valuable assets are protected while they are at your facility.

Workers’ Compensation Insurance

Accidents involving employees can happen at any business, including garages. That’s why it’s important to have Workers’ Compensation Insurance which protects both you and your employees in the event of a work-related injury. It covers medical expenses, lost wages, and legal fees. It also shows your employees that you care about their well-being.

As you can see, these three types of insurance are essential for any garage business. At RRM Insurance, our insurance experts can help you choose the right coverage for your needs. Don’t wait until something happens to protect your garage – get the insurance you need today.