Category Archives: Garage Liability Insurance

Peace of Mind with a Proper Garage Liability Insurance Policy

Your Garage Business Must Have The Proper Garage Liability Insurance Policy In Place

If you own or operate an auto repair shop, garage, or towing company, your customers depend on you to protect their vehicles while in your possession. They fully expect that you will keep their property safe and sound. That being stated, accidents can happen at any time, even in the garage itself, or during transport. That is the reason why you need to ensure that you are covered with the proper insurance policy. Garage liability insurance will not only protect your customers property, it will also protect your business in case of an unfortunate emergency.

The good news is that Zawada Insurance Agency is here to do away with the hassle and time consuming task of searching for the best coverage on your own. Our team of business insurance experts will walk you through a customized selection of the top insurance policies that are available on the market. It is important that you fully understand exactly why you need the right amount of coverage and how it can affect your business if you do not. The following information will help you understand why your garage business must have the proper garage liability insurance policy in place.

Garage Liability Insurance Explained

A standard garage liability insurance policy covers both bodily injury, and property damage when an accident happens at your place of business, or during business related activities such as towing or transporting vehicles. Garage liability insurance is typically needed for companies such as automobile dealerships, repair shops, and towing or transport specialists to name a few. The policy provides coverage for third party injuries, property damage that is caused by equipment owned by the business, and even liability claims such as employee dishonesty and discrimination.

What Else Does Garage Liability Insurance Cover

The garage liability insurance policy also covers products that are manufactured and or sold by the shop that ends up causing damage to a customer’s vehicle. In addition, if a customer slips or falls while visiting your shop, the policy covers attorney fees and other legal defense related expenses if they decide to sue you. The garage liability insurance also helps pay for medical bills that the customer suffered due to the injury. If a vehicle owned by your business causes a collision with another vehicle or structure that damages the third party’s property, the policy covers that as well.

Garage Liability Insurance Should Provide You With Peace Of Mind

The garage liability insurance policy should provide you with peace of mind and allow you to sleep peacefully at night. However, the key to fully protecting your business is having the proper amount of insurance in place. For example, if you choose a garage liability insurance policy that covers up to $100,000 and an accident happens at your garage that causes $200,000 in damages, the business is typically responsible to pay the difference.

That could very well mean you are responsible for paying $100,000 out of pocket. Now imagine if your policy covers up to $100,000 in damages and your business causes $1,000,000 in damages. Can you afford to pay $900,0000 out of pocket? Most small business owners simply cannot afford to pay that sum. In fact, it could crush your businesses.

In conclusion, a garage liability insurance policy is a necessary tool that all auto repair shops, garages, and towing companies should have in place. However, the key is having the proper amount of coverage. It can actually make the difference of staying in business for the long term, or having an unexpected accident ruin the company that you have worked so hard to build. Give us a call today to learn more.

Information About General Liability Insurance For Contractors

General liability insurance is a type of business insurance coverage that was created to protect business owners from a variety of claims that are made by third parties. These may include but are not limited to bodily injury, personal injury, property damage, and other events that happen to occur based on the general operation of your company. Every business, whether privately owned or publicly traded, should partake in general liability insurance in order to protect their assets. This statement holds especially true for contactors due to the fact that there are a great deal of risks related to the industry.

Protect What You Have Worked So Hard To Build

If you own a business than it is extremely important to protect what you have worked so hard to build. Even a single accident that leads to a lawsuit can deplete your assets to the point where the business is no longer able to function. With the correct amount of general liability insurance in place you do not need to worry about that happening. It is crucial to invest in the proper amount of general liability insurance coverage that is based on your amount of exposure. It is by far the best method of protecting your business from the unexpected.

You will certainly be able to live with the peace of mind of knowing that no matter what occurs, your livelihood will remain intact. Most project owners require the general contractor to carry a general liability insurance policy in order to bid on the job. In turn many of those general contractors require their sub-contractors to carry a policy as well.

Factors That Determine The Cost Of Your General Liability Policy

At this point you may be curious as to how much a general liability insurance policy will cost for your business. The investment is actually impacted by several mitigating factors. Your business type, and location are taken into account.  The level of risk that your company is exposed to also factors into the equation, as well as the number of employees that are on the payroll. For example, a mid-size construction business that manufactures, delivers, and installs heating, ventilation, and air conditioning equipment will typically have a higher chance of being sued than a small sized contracting business that only installs the HVAC equipment.

Many construction companies and contracting businesses have storefronts or showrooms. When the general public is allowed to visit your place of business than there is always the chance that someone will sustain an injury while at the premises. Something as simple as a wet spot on the floor can cause a person to slip and fall. If this occurs than your general liability insurance policy will cover the financial damage that the accident causes your business when that visitor decides to sue in a court of law. We happen to live an extremely litigious society.

More personal injury cases are filed than ever before, and you certainly do not want to end up on the wrong end of that situation without the proper insurance policy in place.

In conclusion, if a third party makes an allegation that your company caused them bodily harm, an injury, or property damage and you do not have general liability insurance coverage than your business assets can be seized in order to pay the judgment. Do not leave your contracting business vulnerable to a crippling lawsuit.

For more information about general liability insurance, other types of business insurance, or personal insurance please contact Zawada Insurance Agency today and one of our licensed, experienced, and dedicated agents will answer any and all questions that you may have. We will also help you to calculate the great deal of risks that are associated with your business in order to create the best general liability policy available. We look forward to working with you.

 

 

 

 

 

Understanding Garage Liability Insurance

Running a local mechanic shop? Understanding what is and isn’t covered and by which insurance policies can be confusing. Most garage businesses need general liability insurance which protects those business owners working in the garage and auto repair service industries. …but there is more to it than that.

The different types of insurances that cover mechanic shops expand the confusion. They may include: general liability insurance, garage-keepers insurance, workers compensation and more. Zawada Insurance Group is here to help clarify what you need and why.

How General Liability Insurance Works:

A general liability insurance policy will cover against a lawsuit and bodily injury costs while people are at your location. Given the nature of garage work, if an injury should occur, it could be severe, so it’s very important to make sure that you are getting the proper coverage.

Garage Keepers Insurance:

OK so we know that liability protects from bodily injury lawsuits …but what about the customers’ vehicles while they are at your shop? Garage Keepers will cover a customer’s vehicle from things such as weather damage, fire and even theft.  Keeping a customer’s vehicle in your shop over night requires you to have this type of coverage.

Workers Compensation:

Workers Compensation does just what it says; it covers your workers in an unfortunate event such as a work related injury. If you have more than one employee this insurance is required in most states and it will protect from further lawsuits stemming from any injury covered by Workers Compensation.

Custom Tailored Policy to Fit Your Business

These are just a small example of the complexities of garage insurance needs. No matter what type of auto repair services you offer, Zawada Group understands that one size does not fit all, so give us a call and we will guide you to the protection you need and the coverage you can count on to help your business run smoothly for the New Year and beyond!

Zawada Insurance Agency, Inc. is a family-owned and operated independent insurance agency, located in Worcester, Massachusetts, serving central Massachusetts and beyond.

Give us a call today to get your Garage insured the right way!

Garage Liability Insurance: Do You Know What’s Covered at Your Garage?

If you repair vehicles for a living, and you operate out of a garage, you will want to have Garage Liability Insurance to cover unforeseen costs. As with all types of insurance policies, there are limits to what is covered, depending on the type of coverage. When purchasing coverage for your garage, consider what things may be most important to you.

Questions to Ask Before Purchasing Garage Insurance

If you offer towing services to your garage, what happens if you have an accident with the customer’s vehicle? If you do extensive repairs on different types of vehicles, there may be a lot of equipment on the premises that could harm a customer by accident. Wouldn’t you want to be covered in case of a lawsuit?

Garage Liability Insurance is usually purchased by repair shops / garages and car dealerships. It covers the legal costs for car, truck, motorcycle, tractor and other recreational vehicles for claims involving medical issues and property damage all related to the garage or dealership. A basic policy will most likely cover you if a customer falls in your garage. It even extends to liability claims such as discrimination or a dishonest employee. In addition, Garage Liability Insurance may cover any products you sell in your garage that result in damage to a customer’s car or truck. What it DOESN’T cover is damage to vehicles in your care, on the premises. That’s where additional coverage comes in. . .

When Garage Liability Is Not Enough

There is another type of policy known as the Garagekeepers Legal Liability Insurance. This is an optional type of coverage for automotive repair shops that offer towing services. This covers any vehicle owned by your customers while you’re keeping it at your garage—parking it overnight or performing repairs on it. Also, if you want to cover property damage to vehicles being held on the premises, Garagekeepers will cover those vehicles on your property. This is why garage owners often add this coverage to their existing insurance.

Garagekeepers Legal Liability Insurance is a must for many garage owners because it covers many things you may not even think about when running your business. Some of these include vandalism, theft, fire and collision. Nowadays, you can’t run your business and protect it from lawsuits without adding Garagekeepers to your Garage Liability Insurance.

What is Commercial General Liability?

Garage Liability shouldn’t be confused with Commercial General Liability. The latter is a policy that many businesses purchase because it covers personal and advertising injuries. It also covers fires, liquor liability, and watercraft vehicles. Garage Liability is more limited than Commercial, so some companies like to purchase additional coverage for this reason.

For more information on garage insurance, please contact Zawada Insurance Agency. We work to give you comprehensive coverage at a competitive price.

Zawada Insurance Agency, Inc. is a family-owned and operated independent insurance agency, located in Worcester, Massachusetts, serving central Massachusetts and beyond.