Do you own a garage? Want to buy an apt insurance plan to protect your garage from unexpected occurrences? Look for experienced and expert agents, brokers and insurance companies who offer Auto Repair Shop Insurance policies in California. As the name suggests, these policies are specifically designed to help the garage owners get adequate compensation during the crisis time.
Policies or packages are designed depending upon the scale of business you have and size of your car repair shop. You can certainly look for some of the affordable coverage plans, such as: – Garage Liability Insurance and Garage Keepers Insurance.
1. Garage Liability Insurance
Garage Liability Insurance provides financial assistance to those who own a repair center or maybe an auto service shop. This type of an insurance plan provides protection to the cars or vehicles left by your customers inside your repair shop. Since, this kind of coverage is usually not included in the Garage Liability Insurance, so it is covered under an individual contract. Though it is always sold along with Garage Liability policies, getting this separate contract is a must. This type of a plan may cover a lot of things, for example: – a claim filed in case of racial discrimination or any other discrimination of an existing employee, claim against low quality parts installed or inferior grade services offered, or maybe if a customer gets injured while inside your garage premises. Not only this, it also covers all the vehicles that are owned by the business.
2. Garage Keepers’ Insurance
Whether Garage Keepers’ Insurance is a part of Garage Liability Insurance or not, is something that depends on what type of a contract you have. This type of an insurance plan provides protection to the cars or vehicles left by your customers inside your repair shop. Since, this kind of coverage is usually not included in the Garage Liability Insurance, so it is covered under an individual contract. Though it is always sold along with Garage Liability policies, getting this separate contract is a must.
Garage Liability Insurance may include: – Crime Coverage, Property Coverage, Worker’s Compensation Coverage, Portable Tools and Equipment Coverage, Equipment Breakdown Coverage, Garage Keepers Coverage on a direct primary basis, Business Interruption/Loss of Income Coverage, Garage Liability Coverage, including products and completed operations, Auto Coverage, including non-owned and hired auto coverage and Broadened Garage Coverage.
There are a number of service providers who offer different types of insurance policies to serve the specific requirement/s of different kinds of persons and businesses. Ideally, business insurance may cover: – General Liability, Umbrella/Excess Liability, Directors/ Officers Liability, Pollution Coverage, Commercial Auto, Worker’s Compensation, Cyber Liability, Risk Management, Commercial Earthquake, Wrap / OCIP / CCIP coverage, Employment Practices Liability (EPLI), Commercial Surety, Fidelity / Fiduciary, Construction Surety, Group Benefits / Group Health and Business Continuation.
You can look for some of these insurance providers online also. Just enquire about the authenticity of the company, its experience, types of insurance offered, flexibility offered, premiums, etc.