Garage insurance is insurance coverage designed specifically for those who own and operate a garage. Whether you run an auto repair shop or car dealership or use your garage to store your vehicles, it is vital to have the right insurance to protect your assets and cover any potential losses.
This insurance type typically includes property damage, liability, and business interruption coverage. Property damage coverage protects against losses due to events such as fire, theft, or natural disasters. Liability coverage protects against negligence claims, such as if a customer’s vehicle is damaged while in your care. Business interruption coverage provides financial protection if your garage must temporarily shut down due to an unforeseen event.
Some other typical garage insurance coverage includes:
- Garage Keeper’s Coverage
This type of coverage is specific to garages and protects vehicles left in your care, such as when a customer leaves their car for repairs or storage. This coverage helps to protect against losses due to theft, fire, or other covered events.
- Equipment Coverage
This includes coverage for high-value items such as lifts, diagnostic tools, and other specialized equipment in case of damage or theft.
- Employee Coverage
If you have employees working in your garage, it is essential to consider workers’ compensation coverage. This type of coverage protects injured employees on the job and helps cover the costs of medical expenses and lost wages.
And If you own multiple types of businesses or have a high level of assets, umbrella insurance may be worth considering. This type of insurance provides an extra layer beyond your standard garage insurance coverage and can help protect against large claims or lawsuits.
Looking for the best provider of business insurance in California? Check out ISU Armac. Our goal is to build lasting relationships with our clients across the city as we provide them with insurance solutions tailored to their specific needs. You can visit us at 17177 & 17171 Yuma Street, Victorville, CA, 92395, or call us at (760) 241-7900 to learn more about our offerings.
