As an automotive repair shop, you help keep your customers on the road. As insurance agents in Michigan, our job is to help keep you in business. It can only take a moment for the unexpected to happen and before you know it, your business could be the one in need of repair. Having the correct auto insurance will help keep your business running smoothly.
Garage Liability Insurance
Just like regular business liability insurance, a garage liability insurance policy covers an auto repair shop against lawsuits and medical costs arising from the injury of someone while on your property. Auto repair shops often produce more severe injuries so special liability policies are included to provide the necessary protection for your business.
Garage Keepers Insurance
Its important to also provide protection for your customers’ cars while they are at the auto repair shop. There are varying degrees of protection available, such as limited protection that only pays for damages for which you’re legally responsible or full protection regardless of legal liability.
Business Auto Insurance
Chances are you or your employees will have to test drive the vehicles to ensure that they are working correctly. In this case, you will definitely need to purchase a commercial auto insurance policy that will protect your employee, your customers’ car and your business in case an accident does occur. Business auto insurance policies also provide protection in case your employee needs to run out and pick up a part for a car, get supplies or go on a lunch run and gets into an accident.
Business Property Insurance
A business property insurance policy can protect your auto repair shop against damages to your property from fire, vandalism, theft, storms, and accidents. The property includes more than just the building; it includes outdoor signage, fencing, furniture, or inventory.
Business Interruption Insurance
Also known as loss of income insurance, business interruption insurance helps keep you in business when unexpected events occur. If the unthinkable does happen and your entire business is destroyed, you will still need to pay the bills, including payroll, rent or mortgage, suppliers, taxes and day to day cost of doing business. And you’ll probably need income, for your household too. Business interruption insurance can help keep your business afloat as well as pay for a temporary site, if necessary .
If your business is in Michigan worker’s compensation insurance will provide benefits in case your employees are in a job-related accident. It may cover medical cost, rehabilitation and helps replace lost wages until they are able to return to work. If you currently have a Worker’s Compensation insurance policy and your business is in Michigan give us a call for a free comparison quote.
Property and Equipment Insurance
While business property insurance will protect your auto repair shop building, you’ll still want to have additional coverage for the special equipment in case of power surges, mechanical breakdowns, burned out motors, or if your employee accidentally does something that causes the equipment to fail.
There are even more options available for your auto repair shop that we can customize to fit your unique needs. In addition, we can provide:
- Tools and equipment coverage
- Business Continuation Insurance
Click on our free quote tab and we can help you get your auto repair shop properly insured.
give us a call, today 616-538-2115