Individuals who own garages, body and auto repair shops, and towing services do much more than transport cars and repair them. They are also responsible for making sure those vehicles are safe while they are on the property of the business owner. Fire, theft, injury, accidents, and other issues must be covered with the garagekeepers and the garage liability insurance Texas insurers sell.
These policies are not interchangeable. They handle completely different aspects of automobile repair businesses. Liability policies are designed to offer coverage for damage to property or some bodily injury that happens on the business premises. This coverage is especially necessary for auto repair services and dealerships.
This type policy covers a wide range of possible incidents. It protects business owners in the event their equipment somehow damages a customer's property. Owners are protected if a part used in the course of repairing a vehicle, or even a product that was sold to the customer, turns out to be defective and damages a customer's vehicle. Owners are covered if an employee or customer charges them with discrimination. The policy covers employee dishonesty.
Garagekeepers policies cover businesses when their customer's cars are damaged on company property. This is different than liability insurance. Garagekeepers covers issues such as fire, theft, extreme weather and vandalism. It will not protect owners against defective parts or shoddy workmanship.
Basic garagekeepers policies do not include things that are located inside a customer's vehicle like items found in a trunk or glove compartment. It won't cover any kind of stereo system. You have the opportunity to add personal property located inside a vehicle to your existing policy. This extension doesn't add protection for you. It is more of a goodwill gesture for customers. It is customary to sell the two policies together, but you need to check with the agent to make sure you have both.
Agents recommend these policies specifically to auto repair shops, but it is wise for related businesses to be covered with the policies as well. That includes service stations, emissions testing stations, auto glass installers, and shops that change oil and do lube jobs. Auto restorers and paint and body shops need the coverage. Even businesses that install sound systems and repair them should have these policies.
There are things business owners can do to help insure they don't need to file a claim. Good lighting and surveillance equipment is a big theft and vandalism deterrent. Installing a sprinkler system and making sure smoke alarms and fire extinguishers are checked routinely also helps. Not only will this make your business, and the property of your customers, safer, it should give you some discounts when it comes to the cost of the policy.
Figuring the cost of maintaining a policy includes a number of variables. Monthly premiums are affected by limits, deductibles, and extended coverage, just to name a few. You need to get quotes from a number of insurers before you decide which one best suits your needs and pocketbook.
These policies are not interchangeable. They handle completely different aspects of automobile repair businesses. Liability policies are designed to offer coverage for damage to property or some bodily injury that happens on the business premises. This coverage is especially necessary for auto repair services and dealerships.
This type policy covers a wide range of possible incidents. It protects business owners in the event their equipment somehow damages a customer's property. Owners are protected if a part used in the course of repairing a vehicle, or even a product that was sold to the customer, turns out to be defective and damages a customer's vehicle. Owners are covered if an employee or customer charges them with discrimination. The policy covers employee dishonesty.
Garagekeepers policies cover businesses when their customer's cars are damaged on company property. This is different than liability insurance. Garagekeepers covers issues such as fire, theft, extreme weather and vandalism. It will not protect owners against defective parts or shoddy workmanship.
Basic garagekeepers policies do not include things that are located inside a customer's vehicle like items found in a trunk or glove compartment. It won't cover any kind of stereo system. You have the opportunity to add personal property located inside a vehicle to your existing policy. This extension doesn't add protection for you. It is more of a goodwill gesture for customers. It is customary to sell the two policies together, but you need to check with the agent to make sure you have both.
Agents recommend these policies specifically to auto repair shops, but it is wise for related businesses to be covered with the policies as well. That includes service stations, emissions testing stations, auto glass installers, and shops that change oil and do lube jobs. Auto restorers and paint and body shops need the coverage. Even businesses that install sound systems and repair them should have these policies.
There are things business owners can do to help insure they don't need to file a claim. Good lighting and surveillance equipment is a big theft and vandalism deterrent. Installing a sprinkler system and making sure smoke alarms and fire extinguishers are checked routinely also helps. Not only will this make your business, and the property of your customers, safer, it should give you some discounts when it comes to the cost of the policy.
Figuring the cost of maintaining a policy includes a number of variables. Monthly premiums are affected by limits, deductibles, and extended coverage, just to name a few. You need to get quotes from a number of insurers before you decide which one best suits your needs and pocketbook.
About the Author:
When searching for affordable garage liability insurance Texas residents can always count on our website. Come and get complete details and information by visiting us right away at http://www.multistateagent.com/vehicle-dealer-insurance.
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