Auto repair shops need several different types of Chula Vista commercial insurance coverage, and it’s important to have them all to ensure you’re adequately covered. Here are the policies you need to protect yourself, your employees, and your business.
Liability insurance is a necessity for all businesses and protects you during a lawsuit if someone is injured on your property. This insurance covers you if a customer slips and falls on a wet garage floor or accuses an employee of failing to perform the promised work. If you are sued for physical, traumatic, or financial injury, liability insurance can help offset related costs.
Auto Repair Liability Insurance
Basic liability protects you if a customer gets hurt on your property. However, it does not cover faulty workmanship or defective parts that cause a customer to be involved in an accident after leaving your shop. Auto repair liability provides additional coverage in the event of an accident or damage to a vehicle resulting from the actions of one of your employees.
Garagekeepers insurance protects cars or trucks being stored on your property for repairs. Unlike auto repair liability, garagekeepers coverage pays for damage caused by vandalism, collapsing garage roofs, and other incidents occurring while the vehicle is in your care, but only if the damage was not the result of an employee’s actions.
Required for all businesses, workers’ compensation insurance pays for injuries employees sustain while at work. This insurance pays for medical bills and often for some of the employee’s lost wages while he or she recovers. Mechanics work around many large pieces of equipment and routinely handle hot or heavy materials and those with rough edges, all of which can cause injury.
Property or Renters Insurance
If you own the space your shop is in, property insurance protects all of your property, including the buildings you own along with tools and equipment. If you rent your garage space, renters insurance covers the items you own while they are within the rented space. If leaks, structural fires, collapsing ceilings, and other building-related problems damage your tools and equipment, renters insurance can replace the lost items for you. Your landlord’s property insurance would protect the building itself.
If you have additional questions about your insurance needs for running an auto shop or other business, contact the insurance experts at American Tri-Star Chula Vista. We can help you select the right policy to meet your business’s needs. Give us a call today at 619-827-0522 to speak with one of our friendly agents.