Business Insurance for Auto Body & Repair Shops

An auto body and repair shop is a rewarding business that allows you to interact with customers daily. You get to help them keep their favorite vehicle running smoothly and you get to ensure the family vehicle is safe and reliable. Working with customers and the customer's property regularly can put your business at risk when problems arise. By setting up the appropriate types of small business insurance you can take steps to minimize potential risks and problems along the way.

Read on to understand what kind of insurance you may need.

What Insurance Does My Repair Shops Need?

As an auto repair shop owner, you need an auto repair insurance program that can effectively address the unique risks of your business. Our agents understand the garage business and garage insurance. Our licensed agents work with you directly to custom-build you a garage insurance program.

Liability Insurance

General Liability Insurance is an essential small business insurance policy. Often required by law, it protects your business by funding lawsuits brought by third parties like clients, customers, vendors, and non-employees. Liability insurance covers you from a range of common third-party lawsuits, including, property damage, copyright infringement, slander, libel, defamation, or other damage to a third party's reputation and personal injury.

Business Owner’s Policy or BOP

Many carriers bundle together several different insurance policies into one product that allow you to customize your coverage. Typically, a Business Owners Policy will include general liability and property insurance.  Depending on the nature of your business, other coverages that may be appropriate to add to your BOP include:

• Garage Keepers Liability- This coverage is designed to offer protection for business owners who take possession of customer’s vehicles. This coverage is specifically designed to protect customer vehicles while they are kept at the business location for parking, storage or to perform maintenance or services.
• Business Interruption Coverage- This coverage protects against losses due to a temporary shutdown (as with a fire), and provides reimbursement for lost net profits and necessary continuing expenses.

Commercial Auto Insurance for Mechanic Shops

Commercial Auto Insurance, also known as business auto insurance, helps your business cover the financial costs resulting from an auto accident if you or an employee is found at fault. Commercial auto insurance helps pay for damaged property and medical expenses – even in the event of a fatal accident.

Cyber Liability Insurance

When a data breach occurs, quick action is important to help restore the public’s confidence if you’re a business victimized by a cyber-attack. Cyber liability insurance and data breach insurance help cover costs like notification, identity protection solutions, public relations, legal, liability and more depending on the coverage you choose. 

Workers Compensation for Auto Body & Repair Shops

Workers compensation insurance covers medical costs and a portion of lost wages for an employee who becomes injured or ill on the job. Workers compensation insurance also protects companies from being sued by employees for workplace conditions that can cause an injury or illness.

For some states, it is required that you obtain a workers compensation plan. If you are an operating business and it is required by your state to have this type of policy, it is important to get one as soon as you have an employee.

If your state does not require this type of insurance coverage, you may still want to consider it so you can protect the business from this type of lawsuit and protect your business reputation.

At smallbusinessquote.com, we shop all the major A+ rated insurance companies so you don’t have to, connecting you with the right policy for your small business. Let us help you make an informed decision about your business insurance needs.  Our licensed agents specialize in helping small businesses obtain the best coverage at the best price, give us a call today at 888-834-8619.