If you own a garage, having adequate insurance could be the deciding factor in whether you stay in business. Accidents happen and things don’t always go right. Errors, injuries, or property damage could lead to a lawsuit and a financially disastrous judgment against your enterprise.
Types of Garage Insurance
Most auto trade businesses need some type of garage insurance to protect against loss. This includes towing companies, body shops, auto repair shops, muffler shops, radiator shops, and transmission shops. Garage insurance may include general liability, a business owner’s policy, workers’ compensation, garagekeepers legal liability, and business interruption insurance.
General Liability
This is a fundamental part of garage insurance coverage that can provide protection against financial liabilities resulting from accidents, building damage, and other causes.
Business Owner’s Policy
A BOP provides protection in addition to basic liability, including loss of income, property, and identity theft.
Workers’ Compensation
Workers’ comp insurance covers medical expenses and a portion of lost wages for employees with work-related injuries or illnesses.
Garagekeepers Legal Liability
Service stations and towing businesses may need this coverage to protect vehicles that are being worked on or held.
Business Interruption Insurance
This coverage helps you pay your bills, stay in business, and pay for a temporary business site if an unexpected event interrupts your operations.
How Much Does Garage Business Insurance Cost?
The cost of garage insurance depends on various factors, including the type of business, the quantity and value of property and equipment, the number of employees, and the business location. At Nick Leinbach Agency in Gray, Tennessee, we know insurance. Our agent can design a garage insurance strategy to meet all your business insurance needs.
Customized Garage Business Insurance Solutions
The cost of garage business insurance varies based on factors such as the type of business, value of property, number of employees, and location. At Nick Leinbach Agency in Gray, TN, we specialize in designing customized garage insurance strategies to meet all your business needs.
Secure Your Garage Business with the Right Insurance Coverage
Call the Nick Leinbach Agency, your trusted insurance agency in Gray, TN, serving the Tri-Cities of Johnson City, Kingsport, and Bristol, TN, at (423) 207-0099 or contact us here to find the best garage business insurance for your operation. Let us help you protect your business with the right coverage.
