People who own garages, have towing services, and manage body and auto repair shops have more responsibilities than transporting vehicles and fixing them. They also have responsibility for making sure the vehicles on their properties are safe and secured. Fire, accidents, theft, injuries, and other unforeseen circumstances must be covered with both a comprehensive garagekeepers insurance policy and the garage liability insurance Texas agencies provide.
These are two different policies and cover different aspects of the auto repair service business. A liability policy is designed to protect against damage to property or bodily injury that occurs in the regular course of business. Dealerships and auto repair shops routinely take out these types of policies along with other businesses.
This coverage is wide ranging and protects against a number of possibilities. It is protection for owners in the event a piece of equipment damages the property of one of their customers. Owners have protection if they use a defective part, or sell one to a customer, in the process of repairing a vehicle, and that part or product damages the customer's vehicle. If a customer or employee accuses an owner of discrimination, the owner is covered. Employee dishonesty is covered.
Garagekeepers policies cover businesses when vehicles are damaged on the grounds of the owner's property. This policy is separate from liability. A garagekeepers policy insures against things like theft, vandalism, extreme weather, and fire. Parts and shoddy workmanship are not included in the coverage.
A basic garagekeepers policy will not cover anything located inside a customers auto such as items located in glove compartments or trunks. It won't protect the stereo system. It is possible to add onto a policy in order to cover any personal property within a vehicle. You don't need it to protect yourself. If you decide to add it, you should consider it more of a goodwill gesture and a value added. It is common practice to bundle these two policies, but you need to double check with your agent to confirm.
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 some things businesses can do to help prevent having to file a claim. Bright lights and surveillance video can be a great vandalism and theft deterrent for instance. Checking fire extinguishers and smoke alarms to make sure they are working properly, and installing an automatic sprinkler system will help. These measures will make you and your customers safer. They may get you some savings on your monthly premiums as well.
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 are two different policies and cover different aspects of the auto repair service business. A liability policy is designed to protect against damage to property or bodily injury that occurs in the regular course of business. Dealerships and auto repair shops routinely take out these types of policies along with other businesses.
This coverage is wide ranging and protects against a number of possibilities. It is protection for owners in the event a piece of equipment damages the property of one of their customers. Owners have protection if they use a defective part, or sell one to a customer, in the process of repairing a vehicle, and that part or product damages the customer's vehicle. If a customer or employee accuses an owner of discrimination, the owner is covered. Employee dishonesty is covered.
Garagekeepers policies cover businesses when vehicles are damaged on the grounds of the owner's property. This policy is separate from liability. A garagekeepers policy insures against things like theft, vandalism, extreme weather, and fire. Parts and shoddy workmanship are not included in the coverage.
A basic garagekeepers policy will not cover anything located inside a customers auto such as items located in glove compartments or trunks. It won't protect the stereo system. It is possible to add onto a policy in order to cover any personal property within a vehicle. You don't need it to protect yourself. If you decide to add it, you should consider it more of a goodwill gesture and a value added. It is common practice to bundle these two policies, but you need to double check with your agent to confirm.
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 some things businesses can do to help prevent having to file a claim. Bright lights and surveillance video can be a great vandalism and theft deterrent for instance. Checking fire extinguishers and smoke alarms to make sure they are working properly, and installing an automatic sprinkler system will help. These measures will make you and your customers safer. They may get you some savings on your monthly premiums as well.
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.
0 komentar:
Posting Komentar