Owning an automotive garage is a lucrative business if you have the proper training and expertise in the field. The industry refers to cars, trucks, motorcycles, tractors and even recreational vehicles or RVs. While in your garage, vehicles and customers are your responsibility and as is the nature of the game, accidents can happen and you need to be assured that should the unthinkable happen during the course of your operations, that you have the correct garage liability insurance in place otherwise you will have to acquisition assistance certified DBE firm when things go south.
Client vehicles become your responsibility while held within your facility for any period of time. Ensuring that you have protection if damage or theft of any vehicle occurs is paramount to your business and your client. A comprehensive garage liability insurance will cover repairs and even replacement of a client vehicle should the need arise.
While vehicles are of the greatest importance to your business, its what you do, the clients are equally important. Your garage liability insurance should incorporate coverage against injuries to clients on your premises during normal operation. Medical treatments for injuries can attract mounting medical bills, not to mention the possible legal implications and costs associated with that action.
The furtherest thing from your mind at any stage is an accident or theft on your premises, however, they do happen and you need to be aware and prepare. The cost implications of repairing a damaged car or even worse, replacing a stolen one will devastate your business as will medical costs involved in client treatment if injured.
Financial strain is one side of the story, however, a dented reputation is something quite different altogether. One incident at your garage or facility will spread like wildfire, that is human nature. Regardless of how cautious you may be when working, accidents do happen, however, how you deal with the situation could have telling effects on your business going forward.
Should your garage be in the business of manufacturing products or selling products, garage liability insurance will cover you against the instance that the products are defective or faulty. A prime example is the installation of a faulty part in a client's vehicle which results in property damage. The insurance policy will cover the costs of repairs or replacement should it be necessary.
You must bear in mind that such a garage liability insurance will not cover instances where employees become injured through operations in your facility. Garage insurance varies from policy to policy. You will be given cover for the specified amount of the policy only. Take care and consideration when making your selection.
For many garage owners, especially new garages, the temptation to disregard garage liability insurance is a tremendous one, however, any incidents or accidents going forward could spell the end of your business. Premiums each month are worth the money spent to prevent your own downfall and the ensure that financial drain is not caused should any incidents take place. The reality of it is that in a garage or workshop environment, regardless of the care and precautions taken, accidents are an eventuality.
Client vehicles become your responsibility while held within your facility for any period of time. Ensuring that you have protection if damage or theft of any vehicle occurs is paramount to your business and your client. A comprehensive garage liability insurance will cover repairs and even replacement of a client vehicle should the need arise.
While vehicles are of the greatest importance to your business, its what you do, the clients are equally important. Your garage liability insurance should incorporate coverage against injuries to clients on your premises during normal operation. Medical treatments for injuries can attract mounting medical bills, not to mention the possible legal implications and costs associated with that action.
The furtherest thing from your mind at any stage is an accident or theft on your premises, however, they do happen and you need to be aware and prepare. The cost implications of repairing a damaged car or even worse, replacing a stolen one will devastate your business as will medical costs involved in client treatment if injured.
Financial strain is one side of the story, however, a dented reputation is something quite different altogether. One incident at your garage or facility will spread like wildfire, that is human nature. Regardless of how cautious you may be when working, accidents do happen, however, how you deal with the situation could have telling effects on your business going forward.
Should your garage be in the business of manufacturing products or selling products, garage liability insurance will cover you against the instance that the products are defective or faulty. A prime example is the installation of a faulty part in a client's vehicle which results in property damage. The insurance policy will cover the costs of repairs or replacement should it be necessary.
You must bear in mind that such a garage liability insurance will not cover instances where employees become injured through operations in your facility. Garage insurance varies from policy to policy. You will be given cover for the specified amount of the policy only. Take care and consideration when making your selection.
For many garage owners, especially new garages, the temptation to disregard garage liability insurance is a tremendous one, however, any incidents or accidents going forward could spell the end of your business. Premiums each month are worth the money spent to prevent your own downfall and the ensure that financial drain is not caused should any incidents take place. The reality of it is that in a garage or workshop environment, regardless of the care and precautions taken, accidents are an eventuality.
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