Garage Insurance Is A Must For Your Garage Business
People tend to confuse insurance for garage with other forms of insurance
, but the fact is, if you own a business that works with cars in any way, it will be a good idea to get garage insurance. Indeed, many businesses as garages or car dealers might find the insurance helpful. You will be able to protect your business and feel free to focus on the important management decisions.
This type of insurance is a little more complicated than others as it covers particular issues and cannot include many different things. It is mainly a liability insurance protecting you against possible claims of customers. These claims can only be done for problems that were caused during the time the auto was at your property. You can get this type of insurance if you are a dealer, if you own a repair garage or a service station or even if you have another business that uses parking and has valet services.
The insurance will most likely include the building and any equipment you have and as stated above protect you in the case of any claims made against you.
There are also other things you can include in your insurance, but you have to know that they are not covered with the standard type that has many limitations so you will probably have to pay extra for them. For example, being the owner of a repair garage has a lot of risks for you and for your workers and it would be a good idea to have them insured for accidents especially if the business is big. This will certainly not be covered, but you actually need it to protect your business. Standard insurance for your garage will also not cover possible damage to the car or the driver after they have left your premises.
The most common and widely used insurance is based on t fact that it covers faults within your premises. But if the car leaves your garage and has a problem with the brakes, the driver will certainly think it is your fault and your bad reputation will spread. So think about having these things covered by the insurance company and any other form of assistance.
As you can see, this type of insurance has many limitations. However, recently there has been a change in the policy. If your business provides car keeping services, garage insurance will help you be protected against theft, fire or vandalism. Consider the theft rates in your area and other possibilities and tailor your insurance according to your particular needs.
For this kind of insurance, calculating the total amount that can be covered is also important. This amount will be applied in two circumstances. First you should establish the amount that the insurance company will pay you in case of a disaster and second you should establish the amount that you will pay in case of damage to a car and then let the insurance company pay the rest.
by: Lawrence White
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