Garage insurance, otherwise known as garage liability insurance, is an umbrella policy providing coverage for businesses within the automotive industry. This insurance type allows car enterprises to add extra security that most general liability insurance plans cannot cover. It includes protection against property damage and injuries that occur during garage operations.
Car business owners must thoroughly identify that the garage insurance coverage is indeed an extension of the basic liability insurance, not an addition. More specifically, garage insurances pay the expenses incurred due to customer injuries and property damages in case an accident happens.
Aside from injuries and property damages, garage insurance also includes an employee dishonesty provision covering theft or vandalism by a worker on a customer’s vehicle. Car businesses can also upgrade this insurance to premium by adding vehicles used in business conduct, including delivery trucks and courtesy vans. Additionally, companies can also add protection over damaged parts or products by the business and faulty parts installed on a client’s vehicle.
It is also crucial to take note that garage insurance does not cover the following:
- personal or business property of the policyholder
- vandalism
- damage from naturally occurring events (example: hailstorm or snowstorm)
- accidents to the customer’s cars onsite for service
- tools
- building
- stolen vehicles
Another important matter to remember is that garage insurance differs from garage keeper insurance. Garage insurance compensates for the property damage incurred when the client’s car is under the policyholder’s supervision. Garage keeper insurance protects car businesses from potential lawsuits and costly expenses during road test drivers while storing the vehicle during non-working hours. It also covers vandalism and theft of a customer’s car.
Insuring our garages can protect our business from potential threats capable of halting its operations. Finding are reputable insurance provider allows us to get the best garage insurance offer.
ISU Armac is a California-based insurance company that clients can trust. We are more than willing to help clients find and create an insurance plan that fits their needs. Inquire now by calling (760) 241-7900, emailing [email protected], or using our contact page.
