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.
Garagekeepers policies cover businesses when vehicles are damaged on the grounds of the owner's property. This policy is separate from liability. A garagekeepers policy insures against things like theft, vandalism, extreme weather, and fire. Parts and shoddy workmanship are not included in the coverage.
A basic garagekeepers policy will not cover anything located inside a customers auto such as items located in glove compartments or trunks. It won't protect the stereo system. It is possible to add onto a policy in order to cover any personal property within a vehicle. You don't need it to protect yourself. If you decide to add it, you should consider it more of a goodwill gesture and a value added. It is common practice to bundle these two policies, but you need to double check with your agent to confirm.
Agents recommend these policies specifically to auto repair shops, but it is wise for related businesses to be covered with the policies as well. That includes service stations, emissions testing stations, auto glass installers, and shops that change oil and do lube jobs. Auto restorers and paint and body shops need the coverage. Even businesses that install sound systems and repair them should have these policies.
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.
Garagekeepers policies cover businesses when vehicles are damaged on the grounds of the owner's property. This policy is separate from liability. A garagekeepers policy insures against things like theft, vandalism, extreme weather, and fire. Parts and shoddy workmanship are not included in the coverage.
A basic garagekeepers policy will not cover anything located inside a customers auto such as items located in glove compartments or trunks. It won't protect the stereo system. It is possible to add onto a policy in order to cover any personal property within a vehicle. You don't need it to protect yourself. If you decide to add it, you should consider it more of a goodwill gesture and a value added. It is common practice to bundle these two policies, but you need to double check with your agent to confirm.
Agents recommend these policies specifically to auto repair shops, but it is wise for related businesses to be covered with the policies as well. That includes service stations, emissions testing stations, auto glass installers, and shops that change oil and do lube jobs. Auto restorers and paint and body shops need the coverage. Even businesses that install sound systems and repair them should have these policies.
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.
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