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 policies are not interchangeable. They handle completely different aspects of automobile repair businesses. Liability policies are designed to offer coverage for damage to property or some bodily injury that happens on the business premises. This coverage is especially necessary for auto repair services and dealerships.
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.
The cost of the policies will vary, depending on your choices. If you choose a bigger deductible your monthly premiums will go down. When you decide to extend your limits and add more coverage, the cost of the premiums will rise. In order to get the best rates, you should check with several insurers before you commit to one.
These policies are not interchangeable. They handle completely different aspects of automobile repair businesses. Liability policies are designed to offer coverage for damage to property or some bodily injury that happens on the business premises. This coverage is especially necessary for auto repair services and dealerships.
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.
The cost of the policies will vary, depending on your choices. If you choose a bigger deductible your monthly premiums will go down. When you decide to extend your limits and add more coverage, the cost of the premiums will rise. In order to get the best rates, you should check with several insurers before you commit to one.
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