Owners of garages, towing services, auto repair and body shops do more than just transport vehicles and fix them, they have the added responsibility of ensuring the safety of these vehicles as long as they are on the business owner's property. Accidents, injuries, theft, fire, and other incidents have to be covered with the comprehensive garagekeepers and garage liability insurance Texas insurers offer.
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.
Liability protects against a wide array of possible incidents. It covers business owners if the equipment they own happens to damage a customer's vehicle. It protects owners if some part a mechanic uses when repairing a vehicle, or a product sold to a customer, is found to be defective and damages a customer's car. Owners are protected against charges of discrimination made by employees or customers. The coverage includes employee dishonesty.
Garagekeepers policies cover businesses when their customer's cars are damaged on company property. This is different than liability insurance. Garagekeepers covers issues such as fire, theft, extreme weather and vandalism. It will not protect owners against defective parts or shoddy workmanship.
A garagekeepers basic policy will not cover items located within the customer's vehicle like anything inside the trunk or glove compartment. It doesn't cover the stereo system. You can add on to your policy to cover personal property located within a vehicle. This extended policy really isn't necessary for your protection. It is a goodwill gesture that customers notice and appreciate. These two policies are usually sold together, but you have to check with your agent to ensure you have both.
Agents recommend that auto repair shops specifically carry this coverage, but it's a good idea for related businesses to have the protection as well. That includes emissions testing stations, service stations, shops changing oil and doing lube jobs, and auto glass installers. Paint and body shops and auto restorers should have this coverage. Even companies that do sound system installation and repair need them.
There are things business owners can do to help insure they don't need to file a claim. Good lighting and surveillance equipment is a big theft and vandalism deterrent. Installing a sprinkler system and making sure smoke alarms and fire extinguishers are checked routinely also helps. Not only will this make your business, and the property of your customers, safer, it should give you some discounts when it comes to the cost of the policy.
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.
Liability protects against a wide array of possible incidents. It covers business owners if the equipment they own happens to damage a customer's vehicle. It protects owners if some part a mechanic uses when repairing a vehicle, or a product sold to a customer, is found to be defective and damages a customer's car. Owners are protected against charges of discrimination made by employees or customers. The coverage includes employee dishonesty.
Garagekeepers policies cover businesses when their customer's cars are damaged on company property. This is different than liability insurance. Garagekeepers covers issues such as fire, theft, extreme weather and vandalism. It will not protect owners against defective parts or shoddy workmanship.
A garagekeepers basic policy will not cover items located within the customer's vehicle like anything inside the trunk or glove compartment. It doesn't cover the stereo system. You can add on to your policy to cover personal property located within a vehicle. This extended policy really isn't necessary for your protection. It is a goodwill gesture that customers notice and appreciate. These two policies are usually sold together, but you have to check with your agent to ensure you have both.
Agents recommend that auto repair shops specifically carry this coverage, but it's a good idea for related businesses to have the protection as well. That includes emissions testing stations, service stations, shops changing oil and doing lube jobs, and auto glass installers. Paint and body shops and auto restorers should have this coverage. Even companies that do sound system installation and repair need them.
There are things business owners can do to help insure they don't need to file a claim. Good lighting and surveillance equipment is a big theft and vandalism deterrent. Installing a sprinkler system and making sure smoke alarms and fire extinguishers are checked routinely also helps. Not only will this make your business, and the property of your customers, safer, it should give you some discounts when it comes to the cost of the policy.
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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