What You Need to Know About Garage Liability Coverage
Garage liability coverage can help you avoid large claims from customers. For example, if a customer gets injured in an accident due to faulty parts installed by a garage employee, your insurance policy can cover the costs of the medical care and other expenses. This insurance also covers your business property, which can include any vehicles that your employees operate. Most policies include auto insurance coverage, but you may need to purchase an additional endorsement or pay an additional premium.
Depending on the amount of exposure you have, garage liability insurance can cover the costs of repairs to a customer’s car. It can also protect the owner from legal fees and awards from a negligent party. When it comes to auto repair shops, you can’t be too careful when it comes to safety. Purchasing a policy for your business can protect you financially from a lawsuit. You can get the coverage you need to ensure your customers are protected and will not have to spend money on repairs if your shop is at fault.
This type of insurance does not cover business property. This type of policy covers only the liability portion of an accident. In other words, your garage liability insurance will not cover any damage to your customer’s car. You’ll have to cover this on your own. For this reason, you should look into commercial general liability insurance. It has varying levels of coverage, including bodily injury and property damage. You’ll want to choose the level of coverage that fits your business needs.