Garage Liability Insurance Explained: A Guide for Automotive Businesses – Filkins, Colbert & Associates

Running an automotive business, whether it is an auto repair shop, dealership, or towing service, involves inherent risks. Accidents on the premises, damage during test drives, and other liabilities can pose significant threats to your business. This is why garage liability insurance, provided by the nation’s leading commercial insurance companies, can be your lifeline. In this blog post, we will delve into the world of garage liability insurance, highlighting its importance for the automotive service world and how Filkins, Colbert & Associates can search the marker for the perfect coverage for your specific needs.

Key Components of Garage Liability Insurance:

• Garage Liability Coverage: Garage liability insurance, encompasses coverage for bodily injury and property damage resulting from your business activities. This safeguards your interests when accidents occur on your premises (trips & falls) or when you are driving customers’ or your own vehicles.

• Garage-keepers Coverage: This coverage ensures that your customers’ vehicles are protected while under your care, custody, or control. It delivers peace of mind knowing that you can protect your customers’ vehicles if you were to cause damage to them.

• Product Liability Coverage: If your business involves the sale of auto parts or accessories, Filkins, Colbert & Associates can provide protection against liability claims arising from defective products that cause harm or damage.

• Completed Operations Coverage: This extension of our coverage protects your interests in cases where liabilities arise after a service or repair job is completed. For example, if a vehicle experiences issues after leaving your shop, our completed operations coverage can step in to shield your business.

Why is Garage Liability Insurance Essential?

Legal Requirement: In many states, garage liability insurance is mandatory for automotive businesses. Neglecting this requirement can lead to fines, penalties, or even the suspension of your business license. Filkins, Colbert & Associates ensure that you meet all legal obligations.

Financial Protection: Automotive businesses deal with high-value assets—vehicles. In the event of an accident on your premises or damage to a customer’s vehicle, the financial consequences can be severe. Our garage liability insurance mitigates these expenses, safeguarding your business from potential financial ruin.

Credibility: Customers trust and prefer businesses that are properly insured. By partnering with Filkins, Colbert & Associates for your insurance needs, you enhance your business’s credibility and reputation. Clients can rely on your commitment to protecting their interests.

Garage liability insurance is the cornerstone of risk management for automotive businesses. It combines legal compliance, financial protection, and peace of mind, allowing you to operate confidently. By partnering with Filkins, Colbert & Associates, you can customize your coverage to suit your specific needs, ensuring that your business remains resilient in the face of adversity. Invest in garage liability insurance today to protect your automotive business and let us tailor the perfect insurance solution for you.