Owning an automotive garage is a lucrative business if you have the proper training and expertise in the field. The industry refers to cars, trucks, motorcycles, tractors and even recreational vehicles or RVs. While in your garage, vehicles and customers are your responsibility and as is the nature of the game, accidents can happen and you need to be assured that should the unthinkable happen during the course of your operations, that you have the correct garage liability insurance in place otherwise you will have to acquisition assistance certified DBE firm when things go south.
Customers bring their vehicles to you for repairs and they leave them in your possession for periods of time. Clients need to be sure that should their vehicle fall prey to damage of theft while in your possession that they will be covered for whatever happens, even if it means replacement of the vehicle.
While vehicles are of the greatest importance to your business, its what you do, the clients are equally important. Your garage liability insurance should incorporate coverage against injuries to clients on your premises during normal operation. Medical treatments for injuries can attract mounting medical bills, not to mention the possible legal implications and costs associated with that action.
The furtherest thing from your mind at any stage is an accident or theft on your premises, however, they do happen and you need to be aware and prepare. The cost implications of repairing a damaged car or even worse, replacing a stolen one will devastate your business as will medical costs involved in client treatment if injured.
The financial implications are one thing, however, your reputation as a business is something quite another. People are much more eager to share bad experiences than they are good and an incident within your garage could cost you clients in the long-term and trust in your facility will be marred.
Many garages manufacture their own products or sell products as an added benefit, however, placing a product that is faulty into a vehicle could cause damage that is extensive. Garage liability insurance covers you in this instance. Should you unknowingly place a defective part in a vehicle and that action causes damage to the vehicle, the policy will cover the costs of the repairs or in severe cases, the replacement of the vehicle.
You must bear in mind that such a garage liability insurance will not cover instances where employees become injured through operations in your facility. Garage insurance varies from policy to policy. You will be given cover for the specified amount of the policy only. Take care and consideration when making your selection.
Many business owners in the industry may forgo taking out a business liability insurance policy, however, they are putting themselves under more pressure than necessary. The small instalment each month is well-worth the peace of mind of knowing that should your business befall any untoward events, you will be covered and in no danger of the financial devastation that could become a reality. Bear in mind that the amount of cover you choose will be stipulated as part of your policy. Your policy will then not cover anything more than that amount
Customers bring their vehicles to you for repairs and they leave them in your possession for periods of time. Clients need to be sure that should their vehicle fall prey to damage of theft while in your possession that they will be covered for whatever happens, even if it means replacement of the vehicle.
While vehicles are of the greatest importance to your business, its what you do, the clients are equally important. Your garage liability insurance should incorporate coverage against injuries to clients on your premises during normal operation. Medical treatments for injuries can attract mounting medical bills, not to mention the possible legal implications and costs associated with that action.
The furtherest thing from your mind at any stage is an accident or theft on your premises, however, they do happen and you need to be aware and prepare. The cost implications of repairing a damaged car or even worse, replacing a stolen one will devastate your business as will medical costs involved in client treatment if injured.
The financial implications are one thing, however, your reputation as a business is something quite another. People are much more eager to share bad experiences than they are good and an incident within your garage could cost you clients in the long-term and trust in your facility will be marred.
Many garages manufacture their own products or sell products as an added benefit, however, placing a product that is faulty into a vehicle could cause damage that is extensive. Garage liability insurance covers you in this instance. Should you unknowingly place a defective part in a vehicle and that action causes damage to the vehicle, the policy will cover the costs of the repairs or in severe cases, the replacement of the vehicle.
You must bear in mind that such a garage liability insurance will not cover instances where employees become injured through operations in your facility. Garage insurance varies from policy to policy. You will be given cover for the specified amount of the policy only. Take care and consideration when making your selection.
Many business owners in the industry may forgo taking out a business liability insurance policy, however, they are putting themselves under more pressure than necessary. The small instalment each month is well-worth the peace of mind of knowing that should your business befall any untoward events, you will be covered and in no danger of the financial devastation that could become a reality. Bear in mind that the amount of cover you choose will be stipulated as part of your policy. Your policy will then not cover anything more than that amount
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