Business Insurance For Auto Repair Shop: Is It Important?

​Operating an auto repair shop entails particular dangers. While transporting or fixing a customer's car, a mechanic at your shop might harm it. Insurance for auto repair shops aid in the speedy recovery of your small business following an expensive accident.

What types of insurance do repair shops and mechanics need?
Insurance policies should cover the most typical hazards associated with auto repair. These are some basic insurance options and specialized business insurance coverages to take into account:

General liability insurance 
Common business hazards are all covered by general liability insurance. It helps you qualify for leases and contracts and shields your small business from the hefty costs of lawsuits. These include but are not limited to:

• Customer injuries
• Customer property damage
• Advertising injuries

Workers’ compensation insurance
Even if you create safeguards, you can't guarantee that your staff will be safe from mishaps. A single injury, slipping on a slippery service floor at a repair shop, or getting struck by a car at a gas station can be financially devastating for a small business. Workers' compensation insurance should cover financial disasters like these, including:

• Ongoing medical costs
• Partial lost wages of the employees
• Immediate medical costs

Business owner’s policy 
Commercial property insurance and general liability insurance are combined in a business owner's policy (BOP). Typically, it is less expensive than purchasing the policies separately. They can modify a BOP to suit their requirements. They consist of, but are not restricted to:

• Injury to customers and property damage
• Commercial property damage
• Copyright violations and other harms caused by advertising
• Temporary suspension

Commercial auto insurance 
Commercial auto insurance should assist in paying for any legal fees, property damage, medical costs, and other costs associated with car accidents. Also, it should cover weather damage, vandalism, and theft of vehicles.

Conclusion
Compared to other small firms, the automotive industry has particular dangers. Due to these dangers, auto repair shops must set up the appropriate shop insurance. 

You must safeguard your auto repair shop with the appropriate liability insurance if you are working on someone else's car, whether in a home garage, a rented space, or a place you own or control.

At Auto Express Insurance, we do our best to ensure that our clients are well-protected with affordable and comprehensive policies. We will go the extra mile to help you with your needs. To learn more about how we can help you, please contact our agency at (832) 232-4655 or Click Here to request a free quote. Topics and coverage discussed in this article are not guaranteed, consult with your agents to determine what your policy does and does not cover. We are more than happy to help!