Garage Keepers Insurance

If you own a business that has just about anything to do with cars, you probably need garage insurance. Whether you sell vehicles, repair them, or store them, you should have garage keepers insurance to protect your investment and yourself.

Garage insurance is unique and can combine parts of general commercial liability and a business auto insurance policy to fit the needs of your company.

If you have questions about garage insurance or any other policy you need, call Lake Region Insurance Agency today. We have experience working with business owners of all types and will work with you to get proper protection in place. Don’t spend another day with the uncertainty of being underinsured or not insured at all.

What Is Garage Keepers Insurance?

Garage insurance is a specific policy that protects you as a business owner who works with vehicles. This coverage helps pay the bills if an employee, customer, or yourself gets hurt in the garage. One accident can result in hundreds of thousands of dollars in costs. Most businesses can’t come back from that expense. 

The cost of your garage insurance will depend on what your business involves. For example, a small mechanic shop that works on one or two cars at a time will have different costs than a large dealer. A few factors that insurance companies consider are:

  • Type of work or business
  • Value of inventory
  • History of claims
  • Location

Who Needs Garage Keepers Insurance?

Any business that works with cars in some capacity is likely to need this type of policy, including:

  • Auto repair shops
  • Body shops
  • Tow yards or impound lots
  • Muffler shops
  • Transmission shops
  • Car dealerships
  • Customization shops
  • Tire and battery repair shops

Leaving yourself unprotected against loss and lawsuits puts your livelihood at significant risk. Let the expert agents at Lake Region help you get just the right level of protection.

What Does Garage Keepers Insurance Cover?

The primary purpose of garage insurance is to cover the expenses of injuries that happen in your garage or shop at work.

If a customer or employee gets hurt, your garage insurance will cover the cost for their medical care up to the limits in your policy.

Beyond injury issues, your garage insurance can cover other things like discrimination lawsuits. If a potential or previous employee sues for discrimination or wrongful termination, your coverage kicks in. It will help pay the legal costs associated with litigation.

An added benefit with this coverage is reimbursement if an employee has been stealing or vandalizing your garage. The policy can pay for repairs and replacements, saving you from paying out of pocket.

You also can choose to add on coverage for manufactured parts or products that you sell in your garage. If a component installed on a vehicle in your shop malfunctions and causes damage, your garage insurance can cover the costs.

Call Lake Region Insurance Agency Today

If you own a garage you use for business, it is essential that you have adequate coverage. You do not need an accident risking everything you have built.

At Lake Region Insurance Agency, we want to partner with you and ensure you have the coverage you need for your business. Whether your garage is big or small, you deserve to protect your investment. Call or stop by for a free insurance review of all your home, commercial, and life policies.

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