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 separate policies and cover separate issues auto repair businesses can be held liable for. Liability coverage is meant to protect businesses from bodily injuries or property damage that can occur in the course of business. Auto repair shops and dealerships, as well as other businesses, routinely have this type of coverage.
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.
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.
Figuring the cost of maintaining a policy includes a number of variables. Monthly premiums are affected by limits, deductibles, and extended coverage, just to name a few. You need to get quotes from a number of insurers before you decide which one best suits your needs and pocketbook.
These are separate policies and cover separate issues auto repair businesses can be held liable for. Liability coverage is meant to protect businesses from bodily injuries or property damage that can occur in the course of business. Auto repair shops and dealerships, as well as other businesses, routinely have this type of coverage.
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.
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.
Figuring the cost of maintaining a policy includes a number of variables. Monthly premiums are affected by limits, deductibles, and extended coverage, just to name a few. You need to get quotes from a number of insurers before you decide which one best suits your needs and pocketbook.
About the Author:
When searching for affordable garage liability insurance Texas residents can always count on our website. Come and get complete details and information by visiting us right away at http://www.multistateagent.com/vehicle-dealer-insurance.
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