Garage Insurance

Garage Insurance Coverage Types Include

Premises Liability:  This gives you protection should someone (non-employee) be injured on your premises.

Completed Operations:  Liability coverage that protects you should there be a claim arise from work you have performed.

Business Auto:  Coverage for liability and physical damage for automobiles owned by your business.

On Hook:  This is protection carried by tow truck operation for non-owned vehicles they are towing.

Garage Keepers:  This is coverage that protects you when customer vehicles are damaged while in your possession.  One example would be when a customer’s vehicle is at your body shop for repair.  Your building catches fire and the customers vehicle is damaged.  This is where garage keeper coverage would repair/replace that damaged vehicle.

Auto Dealer Liability:  New and used car dealers need auto dealer liability to cover their on-road liability.  This is just like the liability you carry on your personal auto, but for dealer fleets.

Dealers Open Lot:  DOL covers a new or used car dealers physical damage for vehicles they have for sale.  Dealers Open Lot is a car dealers physical damage coverage.

Inland Marine:  This term is often misunderstood.  Inland marine coverage for a garage operation would cover their moveable equipment and tools.  Mobile equipment, tools, off-location property are all forms of insurable items under an inland marine policy.

Workers Compensation:  Workers compensation insurance protects against one of the largest risk exposures to a garage business. In the event of a work-related injury, workers compensation pays the employee for health expenses and a portion of lost wages. For the business, it protects it from being sued for the injury under tort law.