If you own your automotive shop, it’s vital to protect your investment and your clients’ property with the right commercial insurance policy. Insurance protection for an auto body or repair shop is made up of multiple components. You can put them together in different combinations to give you the coverage you need in case the unexpected happens.
Who Needs Auto Body and Repair Shop Insurance?
Many types of automotive professionals can benefit from auto body and repair shop insurance, including:
Be sure to let us know if you have any special certifications, as that may affect the type of policy we recommend for you.
General Liability Insurance
Every business, regardless of the industry, should carry general liability insurance. This protects you in case a non-employee has an accident on your premises, such as a slip-and-fall injury. Without this coverage, a serious lawsuit could put you out of business.
You can also get special liability coverage, such as employment practices insurance. This covers you for incidents involving allegations of discrimination, wrongful termination, and harassment.
Commercial Property Insurance
Whether you own your building or rent, you should have commercial property coverage. This protects the structure, if you are the owner, as well as property that belongs to you inside, like tools and inventory, in case of fire, theft, storms, and other disasters. You may wish to add earthquake or flood insurance as well.
This aspect of your coverage is a must if you house other people’s vehicles on your premises, whether long-term or just while you work on them. It covers expenses in case a customer’s vehicle is accidentally damaged while in your care.
Faulty Work Coverage
A client could accuse you of faulty work, from using the wrong auto body paint color to installing a part incorrectly that resulted in a breakdown or accident. Faulty work protection covers you from alleged and actual mistakes of this nature, including legal defense costs.
Equipment Breakdown Protection
You rely on your equipment to run your shop. But what happens if it breaks down? Equipment breakdown insurance protects you in this instance, helping you get back up and running quickly.
Loss of Income Insurance
Sometimes events happen that are beyond your control and keep you from operating, like a mass power outage or natural disaster. Loss of income insurance covers your lost revenue during these events, protecting your payroll and the money you need to stay in business.
Other Types of Insurance for Automotive Professionals
Some auto body and repair shop owners like to add extra coverage for more protection:
Let Us Tailor a Policy for Your Shop
We understand every automotive business is unique. That’s why at Jared Reynolds Insurance, we customize each policy for our clients in this industry.
We can do this because we’re independent agents, with a broader selection of insurance products than big companies offer. We partner with all the major carriers, plus others you may not otherwise have access to.
Another great bonus of working with independent agents is the personalized service you get every time you need assistance.
You can start a policy online or reach out by calling us at 740-588-9090. Don’t put your business at risk by not having the proper insurance coverage. Get in touch today.